Allianz APAC reports growth spurt despite pandemic challenges

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These are in contrast to Allianz’s global figures, which showed dips in both revenue and profit.

“2020 will forever be remembered as one dominated by the COVID-19 pandemic,” said Solmaz Altin (pictured), regional CEO, Allianz Asia-Pacific. “Our priority throughout remained ensuring the health of our employees, while continuing to serve our customers and grow our business in the region. I’m proud to report we did both successfully. Specifically, our entities in Asia were able to support an increase in total overall revenues for the region, alongside other positive financials across our life & health and property & casualty divisions –

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Majority of Black Lloyd’s of London staff don’t trust leaders – survey

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Lloyd’s of London is in hot water for its diversity practices yet again. This time, a new survey has revealed that less than half of Black Lloyd’s staff say they believe senior leaders in the insurance market create opportunities for everyone. Additionally, just two-thirds think they mean what they say, according to Lloyd’s second annual culture survey.

By comparison, 74% of all respondents report feeling that senior leaders create opportunities for all, while around 64% of Asian and mixed ethnic groups and only 46% of employees who identify as Black or Black British say they feel this way.

Other findings

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Davos and digital currencies – What world leaders think of cryptocurrency

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Digital currencies, whether these are central-bank issued, price-stabilised cryptocurrencies (“stablecoins”), or non-stabilised cryptocurrencies such as Bitcoin, are poised to have an impact on the financial system.

Davos and digital currencies – What world leaders think of cryptocurrency

In recent months we have seen new heights in Bitcoin prices to $40,000-$50,000 per bitcoin, which has led to tremendous media coverage and growth in retail and institutional interest and investment such as PayPal and Elon Musk.

The recent BIS survey found that 86% of central banks are now exploring the benefits and drawbacks of a CBDC.

And about 60% of central banks

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COVID drives explosive market growth of digital identity

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COVID-driven acceleration of digital transformation has intensified the need for secure, reliable and trusted digital identity.

COVID drives explosive market growth of digital identity

Citizen and consumer embrace of “digital first” and “digital only” in the wake of pandemic safety concerns and restrictions has opened the floodgates of digitally enabled fraud.

Biometric face verification and liveness detection are being widely deployed to address this unprecedented digital security threat quickly becoming synonymous with secure remote digital onboarding, according to new research from Acuity Market Intelligence.

“Biometric face verification and liveness detection are critical components of remote digital onboarding solutions,” explains Maxine

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