Insurance software company offers data model through ACORD

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“Morning Data has long been a vocal supporter and advocate of the ACORD Data Standards,” said Chris Newman, managing director – global at ACORD. “This donation offers a useful extension to the existing ACORD Reference Architecture, expanding its applicability to brokers and MGAs in particular. Mapping the data model to ACORD’s Global Reinsurance & Large Commercial (GRLC) Messaging Standards will provide a more holistic solution for our global community.”

The ACORD Reference Architecture provides an enterprise architecture framework for the insurance industry. It includes business processes, product models, development frameworks, information models, data models, and capability models that help organisations

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IA to hold flagship Asian Insurance Forum

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The Insurance Authority (IA) is holding its flagship Asian Insurance Forum (AIF) on December 7, 2021, with the theme of “Opportunities and Challenges in the Post-pandemic New Normal”.

AIF 2021, which is open to members of the insurance profession and the public to join virtually, will cover various contemporary topics such as the Guangdong-Hong Kong-Macao Greater Bay Area, the dual circulation economic strategy, climate change and green finance, Fintech development, and the regulatory outlook.

Four packed panels will include financial regulators, C-suite executives, academic experts, venture capitalists and professional service providers.

“Our insurance industry has shown staunch commitment,

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Ominous warning for European retailers facing a 350% increase in fraud

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As the holiday shopping season hits full stride, e-commerce retailers across Europe face a new era of fraud and malicious attacks spurred by a COVID-inspired transformation in e-commerce and a 350% increase in fraudulent online orders, according to fresh data.

Signifyd says in a new report that retailers can expect a more perilous fraud landscape through the holiday shopping season and beyond. The heightened threat is thanks in part to the growing sophistication and diversification of organised fraudster rings.

The State of E-commerce Fraud in Europe report  further reveals:

  • A 350% increase in fraud pressure by mid-2021, as measured
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Digital commerce in Latin America expand 37%

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Latin America’s digital commerce market is expected to grow by 37% by the end of 2021 and expand at a double-digit pace across the region through 2025.

Some of LatAm’s current powerhouse countries such as Brazil and Mexico are expected to grow steadily at about 30% per year, and newly emerging markets including Bolivia, Guatemala, Paraguay and Peru expected to grow even faster, above 40% and going as high as 80% each year.

This rapid acceleration is mainly driven by the widespread adoption of new payment methods such as digital wallets and Pix, the Brazilian instant-payments system, as found in

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