In the news today: Activists believe South African pension funds have a legal obligation to account for the financial effects of climate change, a crop insurance platform allows farmers to insure products against price volatility, and Bitcoin disrupts France’s life insurance market

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Activists want pension funds to factor in climate change

Pension funds in South Africa have a legal obligation to account for the financial effects of climate change on their investments, say activists Just Share and ClientEarth.  READ MORE

Crop insurance platform launched

A British-based start-up, underwritten by Lloyd’s of London syndicate Ascot, allows farmers (including South Africans) to insure their produce against price volatility.  READ MORE

Bitcoin disrupts France’s life insurance market

France’s National Assembly has voted to allow insurance companies to include cryptocurrencies in life insurance contracts.  READ MORE

Uber “depends heavily” on insurance

The ridesharing pioneer has insurance reserves of close to $3 billion set aside, according to regulatory filings made in preparation for its planned IPO.  READ MORE

Middle class struggles threaten global economy

According to the Organisation for Economic Co-operation and Development, the middle class is being eroded, fuelling rising economic and political instability.  READ MORE