1 minute read
Global News
1 USA
Bloomberg Intelligence (BI)
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A new report from Bloomberg
Intelligence 5th line down, add a space between 2021.A spike in mortality rates in Q1 is the root cause of loss, with the US hit the hardest and the UK and Canada trailing behind. 2 BERLIN
wefox makes every employee a shareholder
Europe’s biggest and fastest
growing insurtech, wefox made every employee a shareholder to thank them for their hard work in the expansion of the company. The move followed a record $650m funding round.
UK
No more price walking
The UK’s Financial Conduct
Authority has banned the practice of price walking for policies up for renewal from January 2022 in a landmark move.
LITHUANIA
AI RegTech introduced
The Bank of Lithuania has introduced a regtech solution to boost AML (anti money laundering) practices by providing new monitoring and analysis services.
5 CHINA
Accenture study reveals customer impact on sector
An Accenture insurance
consumer study found that 20% of consumers in mainland China intend to switch insurers in the next 12 months, a statistic that, if true, would significantly impact the region’s CAGR.
