Hong Kong-based insurtech CoverGo expands to the Americas

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CoverGo, a Hong Kong-based insurance technology firm, has announced that it will be expanding to the USA, Canada and Latin America.

The firm provides a no-code software development platform for the insurance industry, helping insurers streamline their processes, from building products to managing claims. Its subscription revenue has risen by over 400% since January, CoverGo said.

To aid its international expansion efforts, CoverGo has appointed DP88 as strategic advisor, which will help CoverGo secure initial funding for expansion and build relationships with key partners and investors for the upcoming equity fundraising round.

“Insurance companies realise now more than ever that

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Marsh McLennan founds Cyber Risk Analytics Center

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Marsh McLennan has announced the launch of its Cyber Risk Analytics Center, an enterprise-wide resource that combines the cyber risk data, analytics and mitigation expertise of its Marsh, Guy Carpenter, Mercer, and Oliver Wyman businesses to provide clients with a comprehensive view of their cyber threats, the effectiveness of their existing and future controls, and the economic impact of their risk.

“Cyber attacks routinely cause millions of dollars in loss to our clients and billions of dollars in loss to the global economy every year,” said John Doyle, president and CEO of Marsh and vice chair at Marsh McLennan. “It

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CBDC and Big Tech present opportunity for banks to embrace crypto

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Cypherium and Boston Consulting Group (BCG) have released a joint white paper finding that banks should potentially embrace crypto payments amid the emergence of Central Bank Digital Currencies (CBDCs) and evolving competition from Big Tech companies.

As other private-sector payment solutions are ready to take on the e-commerce sector; and with CBDC development well underway, global payment infrastructure looks set for a potentially significant evolution.

According to the Cypherium-BCG research paper, commercial banks have an opportunity to place themselves in a position of greater trust to take over the distribution function of money by increasingly embracing digital assets.

The

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Kroll bolsters APAC cyber risk practice with new hires

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Kroll has expanded its cyber risk business in Asia-Pacific with four new hires, serving the markets of Hong Kong, Singapore, Australia, Japan, India, Thailand, Malaysia, Indonesia and the Philippines.

Gerallt Owen joined the company as managing director, based in Singapore. A veteran of the legal profession and former senior equity partner with leading international law firms, Owen will bring a legal and business perspective to complement Kroll APAC’s technical capabilities, the company said. This is amid increased demand for assistance in employee/fraud and internal company investigations, data and documentation disclosure to meet requests made by regulators, litigation support services, IT

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