Willis Towers Watson to fully acquire Indian business

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Willis Towers Watson (WTW) has signed an agreement to acquire the remaining 51% shares of Willis Towers Watson India, giving it full ownership of the joint venture.

The global brokerage currently owns 49% of WTW India, with the remainder held by Anemone Holdings and Rohit Jain.

This comes after the Indian government approved regulatory changes, allowing WTW to take full ownership of the company.

“As one of the world’s largest and fastest growing economies, with an expected 17% growth rate in the non-life insurance market over the next five years, we see rising demand and opportunities for cyber, health and

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CNA Financial discloses third-quarter 2021 numbers

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Chicago-headquartered commercial property and casualty (P&C) insurance group CNA Financial has published its third-quarter financial results, which chair and chief executive Dino Robusto considers “very strong”.

According to the major US insurer, which is also present in Canada and Europe, its net income for the period amounted to US$256 million (approx. SG$344.93 million). The figure represents an increase from 2020’s US$213 million. Core income, meanwhile, stood at US$237 million – also higher than the US$193 million core income posted in the same quarter last year.  

CNA’s core income or loss is calculated by excluding from net income or loss the

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Card versus digital wallet Super-App: which one wins?

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Digital wallets are expanding their functionality and credit cards are going to have to evolve to compete.

As digitisation gathers pace, mobile devices with digital wallets linked directly to bank accounts are challenging cards as the world’s favourite way to pay – Tommy Sveum, Product Manager, TietoEVRY, Card Issuing, Card and Account Product Management, looks at the implications for card infrastructure inside issuing banks.

According to WorldPay, digital wallets and account-to-account payments – solutions that can bypass card rails entirely – are predicted[1] to account for around 48% of all electronic transactions by 2026.

Furthermore, as growth in credit card

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Implants, AI and the no-cash gen

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A new report, The European Payments Landscape in 2030: Implants, embedded ethics and a ‘post-payments’ world, examines the potential issues and innovations that may emerge in the next decade of payments.

Marqeta partnered with Consult Hyperion to conduct a series of workshops with 12 industry luminaries. Led by acclaimed author, advisor and commentator on digital financial services, Dave Birch, the workshops delved into a range of issues to gain expert opinion on where the market is heading – from the possibility of new and emerging payment methods through to ethics and regulation.

It suggests that innovations in AI

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