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PERILS has released a detailed industry exposure database (IED) for Indonesia, the Philippines and Thailand in its first foray into the Southeast Asian region.
According to the international catastrophe insurance data firm, its IED is the first one of its kind for the three countries. The database contains market-wide property sums insured exposed to earthquake, tropical cyclone (typhoon) and flood for each territory. The sums insured information is broken down by CRESTA zone, property line of business and coverage type (building, contents and business interruption).
For the three emerging markets, PERILS applied a different approach in sourcing data. Following industry
MAS director Ravi Menon announced the plans to create such a platform in a speech at the Singapore Fintech Festival last December.
The call-for-proposal period opened on March 15 and will last until April 26. Interested parties are required to express their interest via email until March 29.
According to the alliance’s statement, the platform will improve patient experience and enhance operational efficiency. It aligns with the nation’s move towards a digital, innovation-driven economy that would bring wider benefits to Singaporeans.
The platform aims to enable convenient access to patient’s insurance policy details, faster claims processing, seamless authorisation of data
A little over a year ago, rumours started circulating in the press, in which people speculated about the merger of paydirekt and Giropay.
The Kwitt service, according to the rumours, was also to be merged with the other payment services for P2P payments.
The aim being “to merge the currently existing payment methods paydirekt, Giropay and Kwitt under one brand”, wrote the “Handelsblatt” with reference to the German Banking Industry, the joint interest group of the German banking associations.
So today’s news was not really surprising. Banks and savings banks will