American Club sees positive 2021 P&I renewal period

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Premium attributable to renewing P&I entries for 2021 increased in cash terms by about 5%, a rise conforming with that ordered by the board in November. However, taking into account increases in deductibles and changes to other insurance conditions, the overall premium increase, as if expiring terms had applied, was closer to 7.5%, the American Club said.

Tonnage in the club’s mutual P&I class increased by about 5% annually to approximately 18 million gross tons overall. Its FD&D entries rose by about 14% to 12.2 million gross tons. There was also an increase in daily tonnage on risk in regard

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Broker Azure Risk expands into Hong Kong market

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Azure Risk has launched its Hong Kong operations with the appointment of Anmol Sawlani as director.

Sawlani will bring with him a team of experienced professionals who will provide wide-ranging multi-line insurance and technology expertise to drive Azure Risk’s agile digital transport and logistics insurance platform, Catalyst.

With over 15 years of insurance experience, Sawlani was most recently director and chief executive of System (Far East) Insurance Brokers Ltd. (SFE). He began his insurance career in Hong Kong with Metropolitan Life Insurance.

According to Azure Risk, Sawlani’s understanding of customer preferences, combined with his claims management experience, complements the firm’s

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Where SMEs want Investors to put their money

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The 2021 Visa Back to Business study of Small and Medium Enterprises (SMEs) has revealed the major pain points for the world’s small businesses when it comes to payments – and highlights those areas where SMEs want change.

Where SMEs want Investors to put their money

Although Visa’s study doesn’t state this implicitly, it’s clear SMEs are looking for more support with the costs of accepting payments – and a reduction in the complexity of technology upgrades.

The payments industry has long accepted the importance of SMEs, which make up more than 90 percent of the world’s business landscape and

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Digital and Card Payments Yearbooks Interview: European Payments

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Amid rising hype about mobile wallets, P2P FinTech challengers and QR-code payments, this year’s Digital and Card Payments Yearbooks show a card segment in robust health, with business growing strongly. James Wood, Managing Editor, Payments Cards and Mobile interviews Horst Forster, Research Director at Payments Cards and Mobile.

Digital and Card Payments Yearbooks Interview: European Payments in 2021

Horst Forster is a European payments expert with decades of experience in payments consulting and financial technology research. He runs PCM’s Digital and Card Payments Yearbooks, as well as working on bespoke consulting projects for clients. We spoke to him

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