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Akinova, a company that has created a platform for the transfer and trading of insurance and reinsurance risks, has become the first to receive an Insurance Marketplace Provider licence in Bermuda. Akinova had previously become the first company to be authorised for an insurance regulatory sandbox licence from the Bermuda Monetary Authority (BMA). Now, that’s…
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An excerpt from Becoming a Doctors’ Doctor: A Memoir. After about six months of my residency in internal medicine, I began to feel something was missing, though at the time I couldn’t quite put my finger on it. Then, after a series of general medicine rotations, I started an elective in gastroenterology. This was a…
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Vesttoo, which uses proprietary artificial intelligence and machine learning solutions to help companies assess and transfer risks to the capital markets, has published mortality risk models and forecasts for the U.S. including COVID-19 impacts, and offers the resulting index for mortality risk transfer transactions. Vesttoo aims to help risk bearers better forecast and price long-tail…
Read MoreLook around, and you may notice more people donning two masks rather than just one. Slipping an extra mask over a primary face covering may be a tough sell for those of us who find masks a nuisance. But experts say doubling up can be a wise move. Raina MacIntyre, a biosecurity expert at the…
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Arbol, Inc., the marketplace technology provider that supports parametric risk transfer or weather insurance and utilises smart contracts, has raised a $7 million Series A funding round to help grow its business. Arbol said that the Series A was oversubscribed and completed at much higher valuation from its initial seed funding round. The seed investors,…
Read MoreThe Beatles told us that “money can’t buy you love.” And recent academic studies have suggested that while modest wealth might increase our happiness, riches beyond a certain point don’t matter. However, new research is taking aim at that notion. A study out of the University of Pennsylvania’s Wharton School finds that wealth has a…
Read MoreSome letters and packages soon will be more expensive to mail. Starting on Jan. 24, rates are increasing for 10 types of deliveries the U.S. Postal Service makes. Let’s start with some good news, though. The price of mailing a 1-ounce letter with a first-class Forever stamp is not budging, at least for now. That…
Read MoreIt was fascinating to watch Treasury-secretary designate Janet Yellen and several Republican members of the Senate Finance Committee dance their delicate deficit dance at Yellen’s…
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Inflows to the insurance-linked securities (ILS) asset class are expected to rise over the coming months, as investor appetite increases, according to Fabrice Rossary, the Chief Investment Officer of SCOR Investment Partners. Alongside this, the ILS fund market has been working to improve the quality of the portfolios of risk it offers to investors, Rossary…
Read MoreThis story originally appeared on SmartAsset.com. According to the U.S. Census Bureau, almost 20 million renters allocate at least 30% of their household income towards rent, indicating that they are housing cost-burdened. This can be especially true in larger cities, where the cost of living is higher. And if time is money, then many Americans…
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