Carbon reducing technology creates new opportunities for insurers

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In addition to that, Swiss Re has become the first multinational company to introduce a triple-digit real internal carbon levy on direct and indirect operational emissions. The Carbon Steering Levy, which the firm says provides “a strong incentive to further reduce its operational emissions,” has been set as US$100 per ton CO2 as of 2021 and will gradually increase to US$200 per ton by 2030.

Swiss Re is leading by example as the world moves towards a low carbon footprint. By keeping global warming to well below 2˚C from pre-industrial levels, the target is to reduce greenhouse gas (GHG) emissions

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Sompo to offer cover for employees on “workations”

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Sompo Japan Insurance has introduced a product that provides coverage for people on “workations”, or the practice of combining remote work with leisure trips.

According to a report by Kyodo, the product comes in two variants – one that can be purchased by small and medium businesses and another for individuals. The policies cover medical expenses for accidents and injuries, as well as cover property from damage and theft when the employee is away from home.

The business version covers repair and data loss costs for any company-owned devices such as computers that have been loaned to their employees.

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Swiss Re gives rare honour to departing board chair

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Swiss Re shareholders elected a new board chairman at the company’s annual general meeting in Zurich last week. Sergio Ermotti was named chairman of the board, succeeding Walter B. Kielholz, who is retiring after 12 years in the position. The board also awarded the title of honourary chairman to Kielholz to recognise his service to the company. It was only the third time the title has been awarded in Swiss Re’s more than 150-year history.

“Since I first joined Swiss Re in 1989, our world, our society and our company have faced challenges and undergone changes. On each such occasion,

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Fileless malware attacks surge by 900%

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The latest Internet Security Report reveals that fileless malware and cryptominer attack rates grew by nearly 900% and 25% respectively, while unique ransomware payloads plummeted by 48% in 2020 compared to 2019.

The report also found that Q4 2020 brought a 41% increase in encrypted malware detections over the previous quarter and network attacks hit their highest levels since 2018.

The report, from WatchGuard Technologies, includes new insights based on endpoint threat intelligence following its acquisition of Panda Security in June 2020.

“The rise in sophisticated, evasive threat tactics last quarter and throughout 2020 showcases how vital it is

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