Pandemic creates setback in Asian insurers’ new business growth

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The COVID-19 pandemic has had a mixed effect on the Asian life insurance industry, with embedded value growing by 13.2% to US$964 billion (SG$1.3 trillion) and value of new business falling by 19.2% to US$42.3 billion, according to a report by Milliman.

The markets of India and Japan led EV growth in the region, with increases of 26% and 24%, respectively. Several other markets also reported double-digit growth in EV.

One of the markets hit hardest by VNB decline was Hong Kong. According to the report, continued social unrest, restrictions on travel from mainland China, low interest rates and the

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Accurate Background signs up with Duck Creek Partner Ecosystem

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Duck Creek Technologies has announced that Accurate Background, a provider of compliance, background checks, drug and health screening, and Form I-9 verifications, has joined the Duck Creek Partner Ecosystem. Accurate Background provides a seamless integration that can connect Duck Creek customers with its complete portfolio of employment screening services.

“Insurers today need a fast and efficient screening process to ensure their producer and employee candidates meet all licensing, compliance and regulatory requirements,” said Dan Shoemaker, chief revenue officer for Accurate Background. “We help insurers effectively navigate the complexities of background screening, and we are excited to partner with Duck Creek

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US and European processors jostle for pole position in Europe

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The pace of evolution in Europe’s payment market is evident in all areas – including processors. Sweeping changes in consumer payment behaviour, merchant acceptance and democratisation of services have produced an environment very different to the one that existed a decade ago.

Digital & Payment Card Yearbooks: US and European processors jostle for pole position in Europe

Just as payment methods have evolved into more form factors, payment processing requirements of merchants have ramped up to the point where even processors are struggling to meet demand.

Merchant processing needs were straightforward in the past. Up to around 2009, most retailers

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bringing Swiss tradition to cryptocurrencies

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For centuries, elites across Europe and the world have flocked to Swiss banking as a safe haven for their assets.

Cryptocurrency in Switzerland

With the digital revolution continuing and cryptocurrencies gathering momentum, Switzerland is evolving its reputation for banking security and privacy in the digital environment.

As events show, however, the switch to digital is throwing up some age-old challenges both for Swiss regulators and crypto businesses – as well as underlining the importance of having the right protections in place.

Crypto-friendly Cantons

Famously divided into 26 “Cantons”, or municipal areas with wide-ranging autonomy, Switzerland is one of the world’s

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