FWD Singapore to provide cover for passengers of ride-hailing service


FWD Singapore has partnered with Ryde Technologies, a home-grown mobility services firm, to provide free insurance coverage to ride-hailing passengers.

The coverage will provide a SG$10,000 payout per passenger in case of accidental death while on a Ryde trip. Other events covered are loss of identification documents such as passport or drivers licence, with a payout of up to SG$200, and disruption of the trip due to an accident requiring emergency assistance, with SG$20 of Ryde Wallet credits.

The offer is available until the end of June 2022.

“Digitalisation and innovative and intuitive customer experiences are always at the heart

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Ransomware group hits software provider


Cybersecurity firm ESET also revealed that victims of the attack were from at least 17 countries, including Canada, Argentina, Germany, Kenya, Mexico, South Africa, and the UK.

CBC News reported that the attack was carried out by the REvil gang, a Russian-speaking ransomware group. The group abused Kaseya’s network-management package as a conduit to spread the malware through cloud-service providers.

Threat intelligence firm Team Cymru also said that the timing of the ransomware attack to coincide with the 4th of July celebrations in the US was planned. Kaseya is based in Dublin, but has a US headquarters in Miami.


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Howden’s HX introduces insurance business intelligence platform


HX, the data analytics and advisory division of Howden Holdings, has announced the launch of NOVA, an insurance business intelligence platform that allows users to better understand the insurance market and its drivers.

NOVA combines unique data sets, including proprietary Howden pricing and placement information, loss trends, regulatory submissions and broader market financials, to give users an overview of the insurance market and competitive dynamics across business lines and regions, Howden said.

The platform will enable users to identify better market opportunities, anticipate trends, mitigate risk and make data-supported decisions. Users can also use the platform to evaluate portfolio performance

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Gallagher fully acquires Indian joint venture from Edelweiss


Prior to the transaction, Gallagher held 30{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} of the brokerage. It is headquartered in Mumbai, with branches in Delhi, Bangalore, and Kolkata.

The joint venture was formed in 2019, when Gallagher acquired a minority stake in Edelweiss’ broking business, expanding its access to international markets. This marked Gallagher’s first foray into India, which is among the fastest growing insurance markets globally.

According to Gallagher and Edelweiss, the acquisition will integrate EGIBL more deeply with Gallagher’s global operations, and help scale up the business significantly. It will also give clients access to a larger suite of insurance products and services.


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