In the news today: Coinbase is in talks to launch its own insurance company, Japan Post Insurance admits mismanaging over 90 000 policies and credit risk to increase in second half of 2019

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Coinbase is in talks to launch its own insurance company

Cryptocurrency exchange Coinbase is in talks to set up its own regulated insurance company with the help of insurance broker giant Aon, industry sources told CoinDesk. READ MORE

Japan Post Insurance admits mismanaging over 90 000 policies, including duplicate premium payments

Japan Post Insurance Co. has admitted mismanagement in connection with more than 90,000 insurance policies, the biggest scandal for the country’s dominant postal group since its privatisation in 2007.  READ MORE

Economic and governance risks to the MENA Region

Exogenous factors, such as geo-economic division, climate change and technological threats all pose a particular risk to MENA, but so, too, do hazards that are more regional in nature. According to respondents in the Middle East and North Africa to the World Economic Forum’s Executive Opinion Survey, the top two risks across the region for doing business are “energy price shock” and “unemployment or underemployment.”  READ MORE

Swiss Re announces suspension of ReAssure’s IPO due to market conditions

Swiss Re announces the suspension of its previously communicated plans for an initial public offering (IPO) of ReAssure. This action is in response to the heightened caution and weaker underlying demand in the UK primary market from large institutional investors.  READ MORE

Credit risk to increase in second half of 2019

2018 saw a significant increase in the number and value of credit insurance claims in South Africa year-on-year. In 2019, credit risk is expected to remain relatively unchanged with a possible slight improvement, says Paul Jooste, Director at Prestige Credit Insurance Consultants, a trade credit specialist broker.  READ MORE