FM Global launches interactive global earthquake map

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FM Global said that unlike other earthquake hazard maps that show only the ground shaking for a fixed return time, its Worldwide Earthquake Map directly incorporates soil effects and building structural performance to map the return times of ground motions that will damage weak buildings. This, it added, allows organizations to consistently compare earthquake risk across the globe.

The data used in the Worldwide Earthquake Map is a result of FM Global’s long-standing partnership with the Global Earthquake Model (GEM) Foundation. The insurer also works with the China Earthquake Administration and the US Geological Survey.

Due to the wealth of

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Howden Specialty grows Asia natural resources team

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Howden Specialty has appointed Surya Wijaya as divisional director, expanding its natural resources division in Asia-Pacific. He is based in Singapore and reports to Matt Savitt, head of natural resources, Asia-Pacific.

According to Howden Specialty, the move will further bolster its capabilities across the power and energy sectors both regionally and globally.

Wijaya has held roles at Aon, JLT and Marsh JLT Specialty over the past eight years, having moved to insurance from the banking industry. His most recent role was head of downstream for Willis Singapore, where he was responsible for handling a number of major energy accounts in

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Willis Towers Watson introduces newest version of DataValidator

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Willis Towers Watson has announced the launch of an updated version of its DataValidator technology, which helps property-casualty and life insurers to use their data more efficiently by validating, cleansing and transforming data for use in financial modelling and reporting processes.

“Timely access to good quality data continues to be one of the most difficult challenges facing the insurance sector due to struggles with legacy systems and the demands of IFRS 17 and other fast-evolving regulatory timetables,” Willis Towers Watson said.

Enhanced features of DataValidator 2.2 include:

  • Improved performance: Processing speed is now between three and 20 times faster.
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Consumer appetite for digital payments takes off

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As we know, when the world went into pandemic lockdown in 2020, consumers shifted their spending habits to embrace contactless and digital payments and online shopping.

Consumer appetite for digital payments takes off

As stores closed and social distancing took hold, retailers worldwide moved their businesses online, embraced e-commerce and explored the potential of new ways to pay.

More than a year later, research from Mastercard shows that the adoption of new payment technologies is rising, and consumer appetite for new, fast and flexible digital experiences continues to grow.

The Mastercard New Payments Index, conducted across 18 markets around

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