Commercial insurance prices continue to rise

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Another quarter brings another round of price increases for global commercial insurance. This time, prices jumped by 22% in Q4 of 2020, according to Marsh’s “Global Insurance Market Index.”

The latest increase is the largest since the index was launched in 2012, and it comes on the back of year-on-year average increases of 20% in the third quarter and 19% in the second quarter of 2020.

Nonetheless, there is some good news, as the index revealed that price increases could be starting to plateau for some lines of insurance, but only in certain geographies.

For instance, property insurance, and directors

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Chubb reveals two appointments in APAC leadership team

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Todd has been in the insurance industry for over 18 years, specializing in commercial property across Asia, Australia, North America and the UK. He joins Chubb from AIG, where he led a team of 50 and oversaw several first-party programs and speciality lines across Canada.

Park, meanwhile, will be responsible for the underwriting, product development, new business opportunities, as well as driving the overall profitability of Chubb’s financial lines portfolio in Asia.

She was previously Chubb’s chief underwriting officer as well as head of portfolio management, casualty & financial lines and environmental liability in Korea. Since joining Chubb in 2016

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Top 10 mobile payment development trends to watch in 2021

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3.2 billion people worldwide used smartphones in 2019, and 3.5 billion in 2020. The move towards digital and mobile payment and commerce is so well document both by Payments Cards and Mobile and others that there is no need to delve further at this time, but the deepening of the consumer reliance on mobile does thrown up some interesting developments to be watched

Short-term mobile development trends

Mobile commerce

Top 10 mobile payment development trends to watch in 2021

This trend dates back to ten years or so and is still relevant today. More and more companies are using mobile

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ACH Network sees record growth in 2020 to 26.8 billion payments

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Payment volume on the ACH Network experienced record growth in 2020 as the pandemic accelerated the nation’s shift to electronic payments.

The 26.8 billion payments made on the ACH Network in 2020 is an increase of 8.2% over 2019, while the value of those payments, $61.9 trillion, is up 10.8%.

A record of more than 2 billion new payments were added in 2020, and the growth rate is the highest since 2007. The 2020 results also mark the sixth consecutive year in which payment volume climbed by more than 1 billion, and the eighth year in a row with a

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