Asia-Pacific liability insurance market to grow 3.8% annually

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The liability insurance market in Asia-Pacific is projected to grow from US$28.8 billion in 2019 to US$33.4 billion in 2023, in terms of written premiums.

Research conducted by GlobalData shows that the liability insurance industry in Asia-Pacific is expected to grow at a compound annual growth rate (CAGR) of 3.8% from 2019 to 2023. This is due to growing demand for insurance covering the commercial sector, such as workers’ compensation, professional/management liability (directors’ and officers’ – D&O) insurance and cyber-breaches.

“The demand for D&O policies is driven by increasing risks from environmental, product recall and libellous claims. Increasing number of

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Sompo International inks deal with insurtech on drone insurance

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Sompo International Holdings has entered into a long-term partnership with Flock, a UK-based insurtech that offers insurance solutions to commercial drone operators.

The partnership looks to increase the availability of critical insurance for emerging use-cases in the commercial drone industry. These up-and-coming use-cases include drone cargo deliveries, flying taxi passenger flights, and drone swarm shows.

Through the partnership, Sompo’s aviation and aerospace insurance underwriting experience will be combined with Flock’s real-time risk algorithms.

Flock’s drone insurance products are used to cover for thousands of pilots in the UK and Europe, and the company is also exploring how its proprietary technology

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What Is The Finest Means To Be taught WEBSITE POSITIONING And Affiliate Marketing?

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With our greatest-selling course Begin-a-Enterprise 101. RSS Feeds. Should you use an RSS feed provided by us (every, a Verizon Media RSS Feed”), you’re solely permitted to show the content that’s offered within the feed, with out modification, and it’s essential to provide attribution to our supply web site and hyperlink to the complete article on our source website. It’s possible you’ll not remove our attributions or hyperlinks again, or in any other case modify Verizon Media RSS Feed content. It’s possible you’ll not incorporate promoting into any Verizon Media RSS Feed. We reserve the proper to discontinue any Verizon … Read More

ACI stock shoots up amid strategic partnership or sale rumours

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There are strong rumours out of the US that activist investors are forcing ACI Worldwide to put itself up for sale or consider other strategic options, according to bankers and private-equity executives familiar with the situation.

ACI stock shoots up amid strategic sale rumours

ACI has apparently signed with Goldman Sachs to advise on its options, the bankers said. Goldman is expected to begin contacting potential bidders very soon.

In early December, Starboard Value pressed ACI to explore a sale. This came after Starboard disclosed in October that it had accumulated a 9% stake in ACI, up from 2% at

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