Crawford & Company launches Japan desk in Thailand

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Crawford & Company has launched a dedicated Japan desk in Bangkok, to support the growing presence of Japanese firms in Thailand and the rest of the Southeast Asian region.

The Japan desk will be led by Tetsuya Fujita, director of the company’s Japanese Business Unit, a statement from Crawford said. The facility will help Japanese businesses in the region to access the full range of Crawford’s claims management services for large and complex risks, including property, business interruption, construction, liability and cyber.

The move, Crawford said, demonstrates its steadfast commitment to meeting the needs of its customers, through its “One

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Willis Towers Watson initiates insurance programme for coral reef

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The Mesoamerican Barrier Reef System is listed as critically endangered by the International Union for Conservation of Nature’s Red List of Ecosystems. The reef system is home to 65 species of coral and more than 500 species of fish along with many other protected species. Coastal wetlands, mangrove forests and seagrass beds also protect against storms and coastal erosion.

Thanks to the effects of climate change and other stressors, the risk of hurricane impact leading to irreversible coral degradation and mortality has grown.

“Early action to clean up the reef and jump-start regeneration and recovery is critical to reducing the

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Banks should seize the opportunity to serve SMEs better

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Small and Medium Enterprises (SMEs) are the backbone of Europe’s economy. European Union[1] data shows that SMEs account for 99% of all businesses by number across the bloc, while in major markets such as Germany, SMEs can account for up to 82% of all economic value created.

Banks should seize the opportunity to serve SMEs better

In a new white paper, Johan Strand, Chief Financial Officer at Zimpler, argues that SMEs need better payment services as they recover from the pandemic.

Europe’s banks should seize this opportunity to improve their payment services, cement relationships with SMEs and grow revenues.

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Virtual cards to provide catalyst for commercial card spending

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An impressive €42.7 billion was spent on European virtual commercial cards in 2019, accounting for 12% of total commercial card spending, according to RBR. Virtual card expenditure in the region increased at an average of 32% per year between 2016 and 2019.

Virtual commercial cards are digital card numbers generated centrally or instantly issued, which are distinct from tokenised versions of plastic cards in mobile wallets. They are offered primarily by specialists, but increasingly also by traditional bank issuers.

Cards are widely used for booking flights and procurement

The study reveals that cards associated with travel represented 83% of

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