Day: January 19, 2021

WTW: Climate change impacting renewable energy risk landscape

spike 1 month ago

According to WTW, the key challenges caused by climate change – such as overcoming barriers to scale, greater regulatory scrutiny and potential litigation – emphasise the importance of risk managers, especially as they “navigate changes in regulation, technology, and innovation, as well as translating what this means for their company and its investors.”

The Renewable Energy Market Review highlighted how the renewables industry is expected to see further insurance market hardening as insurers seek to capitalise on last year’s pricing increases to drive further pricing improvements and restore their portfolios to profitability. It revealed that global markets experienced increases between

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World Economic Forum announces business leaders’ top risks

spike 1 month ago

The report noted that when it comes to technology access and digital skills, the gap between the “haves” and the “have-nots” has grown wider, in turn challenging social cohesion, which will impact young people in particular, who may miss out altogether on critical opportunities in the next decade.

Additionally, financial, digital, and reputational pressures tied to COVID-19 could threaten to leave behind many organisations and their workforces in the markets of the future, noted the WEF report. Furthermore, an increasingly tense and fragile geopolitical environment will also hinder the global recovery, especially if mid-sized powers don’t have a seat at

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Thai brokerage Frank rebrands under bolttech

spike 1 month ago

Thailand-based digital brokerage Frank has rebranded to bolttech, following its acquisition by bolttech’s parent firm Pacific Century Group in December 2018.

According to a statement by bolttech, Frank was founded in 2016 and built a reputation by providing instant quotations, immediate coverage and multi-channel customer support.

Following the rebrand, Frank will become part of bolttech’s growing network in the region, allowing insurance and agency partners to connect individual and corporate customers with the cover they need, including travel, motor, property, and life insurance.

“The rebranding of Frank to bolttech marks another key milestone for us as we continue to capture

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PayPal wins Chinese race with full ownership of payment business

spike 1 month ago

PayPal has manged to fend off serious competition and achieve what no other foreign company has been able to do to date becoming the first foreign operator with 100% control of a payment platform in China.

PayPal wins Chinese payments race with full ownership of payment business

PayPal acquired the 30% stake it doesn’t already own in China’s GoPay, formally known as Guofubao Information Technology, on December 31, 2020, according to shareholder data from the National Enterprise Credit Information Publicity System.

Financial details weren’t disclosed in the data. The stake purchase came a year after it bought a 70% stake

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