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Parametric cover gains ground in hard market

Agents and Brokers, Catastrophes, Current Issue, Cyber Risks, Emerging Risks, Insurance-linked Securities, P/C Insurers, Property, Reinsurance, Risk Management, Technology Asia-Pacific & Australasia, United Kingdom Arthur J. Gallagher & Co., Axa, Swiss Re

MEP amendments to PSR APP fraud liability regime ‘undermine effective fraud prevention’

Copenhagen Economics and the Computer & Communications Industry Association (CCIA Europe) have revealed flaws in the European Parliament’s unprecedented extension of liability beyond payments services providers (PSPs) to online platforms and electronic communication service providers, such as telecom operators, who would also have to refund victims of impersonation fraud.