Summary: The pace of change in the global insurance industry is accelerating more quickly than could have been envisaged. It is difficult to imagine a world without the Internet or mobile devices. They have become core elements of our lifestyle and have brought a high degree of disruption to virtually every area of business. The financial services (FS) industry is no exception; the digital revolution is transforming the way customers access financial products and services. Al
Early forecasts from meteorologists suggest the 2016 Atlantic hurricane season will be more active than normal, partly because of the expected end of the El Niño weather pattern in the next few months. Weather forecasters have linked the El Niño phenomenon, which is a warming of the water in the central Pacific Ocean, to weak hurricane seasons in the Atlantic. The current El Niño, which started early last year, was the strongest since 1997 and is expected to end in the late s
Panama papers: Breadth of global tax avoidance gives jolt to political landscape A leak of 11.5 million records from Mossack Fonseca, a Panama-based law firm specialising in establishing offshore accounts, has roiled the global political and economic elite and thrust the issue of global tax avoidance to the centre of public debate. Politicians, sports stars, filmmakers and wealthy businessmen have become embroiled in a scandal which shows no sign of abating as more stories ar
The 2016 Atlantic tropical storm and hurricane season is forecast to produce 12 named storms, 6 hurricanes and 2 major hurricanes, by Tropical Storm Risk, figures that are 20% below the long-term average and 15% below the recent 2006-15 average.
The reason for yet another below average prediction of hurricane activity for the Atlantic and Caribbean basin is an expectation that sea surface temperatures will be cooler in the North Atlantic and Caribbean, which is expected to