In the news today: Land expropriation won’t hamper investment levels, South Korea’s ICONLOOP promises to offer insurance products based on forecasts of future risks, and NAICOM cancels insurance industry recapitalisation in Nigeria

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S&P Global says land expropriation won’t harm investment

The ratings agency says the policy of expropriating land without compensation won’t hurt investment in South Africa, but might “force some businesses to reconsider investing in the country”.  READ MORE

ICONLOOP promises insurance based on forecasts of future risks

South Korea’s ICONLOOP has launched a disease prediction beta on the blockchain, promising a service that will offer insurance products based on forecasts of future risks, rather than current subscription data.  READ MORE

NAICOM cancels insurance industry recapitalisation in Nigeria

Nigeria’s National Industry Commission (NAICOM) has withdrawn its tier-based solvency capital policy for insurance companies in Nigeria. The policy was challenged in a class action suit brought by some shareholders of Nigerian insurance companies.  READ MORE

The EU endorses Britain’s Brexit agreement

All 27 EU leaders signed off on the controversial agreement on Sunday, but the UK parliament has yet to vote.  READ MORE

Elon Musk: Tesla was “staring death in the face” earlier this year

Tesla posted a quarterly profit in October, but the company was “within single-digit weeks” of dying earlier this year, Elon Musk said on Sunday.  READ MORE