Keep up with what has been happening this week in our latest actuary news round-up…

Insurance industry may not be able to protect against cyber attacks

CyberCube conducted a range of interviews where senior insurance professionals have said that the dependence on online technology across the world has grown to the point that it might surpass the insurance industry’s ability to fully protect against cyber attacks.

Nearly a third of life insurance cases face delays in the past 12 months

New research amongst probate lawyers from Direct Line Life Insurance have found that 31 per cent of cases in the last 12 months face delays when closing an estate; this is due to many reasons however the top reason being that one or more of the listed beneficiaries could not be found.

US stock market falls after President tests positive for Covid-19

US stock futures fell this morning almost immediately after President Donald Trump announced on twitter that he and the first lady have tested positive for coronavirus with some going down by slightly over 2%.

Deloitte to set new boardroom racial diversity targets

Companies such as Aviva, Deloitte and Microsoft’s UK business will set new ethnicity targets for their executive teams and boardroom to try and improve the slow progress in improving racial diversity across British businesses.

Global Fintech platform receives EMI licence in UK

Global financial technology platform, Nium, has announced that is has received the Electronic Money Institution (EMI) licence from the FCA in order to be able to issue e-money and digital payment services in the UK.

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