Insurers and other sectors to be spared from security review of some cross-border data

Published on September 29, 2023
China yesterday proposed relaxing some rules concerning the transfer of data abroad in a move likely to bring some relief to foreign and Chinese companies in the country who trade overseas, reported
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Life insurance premium income hits the brakes in August

September 29, 2023
China's insurance industry chalked up premium income of CNY3.87tn in the first eight months of this year, according to statistics released by the National Administration of Financial Regulation

US SCS insured losses exceed $50bn for the first time: Gallagher Re’s Bowen

September 29, 2023
According to reinsurance broker Gallagher Re’s Chief Science Officer, Steve Bowen, 2023 has officially crossed the $50 billion insured loss threshold for US severe convective storm (SCS) activity for the first time on record, based on either a nominal or adjusted basis.Bowen warns that losses from SCS activity will keep rising.He explained that so far there have been 17 individual billion-dollar i