#Active Capital Reinsurance

[aalawsng]

REGISTRATION REQUIREMENTS FOR AN INSURANCE BROKERING COMPANY

Registration with the Corporate Affairs Commission as a Limited Liability Company with Five (5) million Share Capital. 

Registration of the individual broker with the Nigerian Council of Registered Insurance Brokers (NCRIB)

Requirements for NCRIB Registration     

Copies of forms CO2 & CO7 stating that the Chief Executive Officer is a director with at least 25% equity shares in the Company.

Certificate of Incorporation.

Professional Indemnity Cover (any one loss 10m)

Memorandum & Articles of Association

Operations Manual of the Company

5-year Business Plan

Affidavit that: a) The Company has a Clients' Account b) The Company does not have more than 10% interest in a loss adjusting firm or Reinsurance Company

Application Fee N50, 000 payable on submission of application forms

The statutory fees are as follows

REGISTRATION FEE - N500, 000BUILDING LEVY - N200, 000PRE-INDUCTION TRAINING - N50, 000COMPULSORY LEVY - N50, 000ASSOCIATESHIP ADMISSION - N50, 000INDUCTION FEE - N30, 000

TOTAL:  N880, 000

Requirements for Individual Registration

Duly completed and signed Application Form (TO BE PROPOSED BY TWO ACIB OR FCIB HOLDERS)

Copies of all Credentials

Detailed Curriculum Vitae

Letter of Resignation from previous employer

Letter of Acceptance of Resignation from previous employer

Letter of Appointment from current employer

CEO must be a director in the broking outfit

CEO must be an insurance professional (Associate of the Chartered Insurance Institute of Nigeria) with at least 5 years post-qualification experience, two of which must be in a broking firm at senior management level.

Application for license as an Insurance Agent 

Registration with the National Insurance Commission (NAICOM)

Kindly note that: the application for registration/ renewal as an Insurance Broker under the Insurance Acts 2003 is made by the Chief Executive on behalf of the applicant organization. The application is made by filling NAICOM’s Form 20.

In addition, NAICOM carries out registration only twice a year. The first cycle commences in March and ends in May with the issuance of the license/ operating certificate while the second cycle commences in August and ends in October.

Submission of anti-money laundering registration in addition to NAICOM registration. This new guideline, provided in November, 2022 aims to ensure due diligence before licensing insurance institutions that may finance terrorism and proliferation of weapons of mass destruction. The requirements for this additional registration includes:

Completed and personally signed BOs Declaration Form (Appendix A) 

Notarised statement of net worth for all Beneficial Owners. 

Completed and personally signed (Politically Exposed Persons) Declaration Form 

Anti-Money Laundering, Combating The Financing Of Terrorism And Countring Proliferation Financing Of Weapons Of Mass Destruction In Financial Institutions  (AML/ CFT/ CPF) Compliance policy, which shall at a minimum cover: 

i. Compliance Unit/ Department structure; 

ii. Designation and status of a compliance officer; 

iii. Employee screening and monitoring; 

iv. Customer identification and verification; 

v. Customer due diligence measures;

vi. ML /TF /PF Risk Assessment; 

vii. AML/ CFT/ CPF Training of the board, executive/ senior management, and other employees; 

viii. Independent assessment of the AML/ CFT/ CPF Programme; 

ix. Record Keeping, Suspicious transaction monitoring and reporting. 

x. Oversight functions over Compliance activities.

[b2bbusiness]

Unveiling the Curaçao Insurance Market: A Blend of Local Needs and Global Reach

A Well-Regulated Environment

The Central Bank of Curaçao and St. Maarten (CBCS) acts as the guardian of the insurance industry, ensuring stability and consumer protection. The CBCS enforces a robust regulatory framework, granting licenses to insurers and reinsurers, and overseeing their operations. This focus on compliance fosters trust and attracts international participants to the market.

Local and International Insurers

Curaçao's insurance market comprises a blend of local and international insurance companies. Local insurers cater to the specific needs of the island's population, offering property & casualty, health, and motor insurance. International insurers, on the other hand, leverage Curaçao's favorable regulatory environment to establish a presence in the region. They often specialize in niche areas like marine, aviation, and specialty risk insurance.

A Diverse Product Portfolio

The Curaçao insurance market offers a wide range of insurance products to cater to various requirements. Here's a glimpse into some key areas:

Property & Casualty Insurance: This is a fundamental insurance category, safeguarding homes, businesses, and belongings from unforeseen events like fire, theft, and natural disasters.

Motor Insurance: Mandatory for all vehicles on the road, motor insurance provides financial protection against accidents, covering third-party liability and potential damage to one's own vehicle.

Health Insurance: Curaçao offers various health insurance plans, ranging from basic coverage to comprehensive options. These plans help individuals Curacao Insurance Market manage medical expenses and ensure access to quality healthcare.

Life Insurance: Life insurance provides financial security for beneficiaries in the event of the policyholder's death. It can be a valuable tool for estate planning and ensuring loved ones' financial well-being.

Marine Insurance: Given Curaçao's maritime history and thriving shipping industry, marine insurance plays a crucial role. It protects vessels, cargo, and operators from financial losses arising from maritime perils.

Aviation Insurance: Curaçao's growing aviation sector necessitates robust aviation insurance solutions. These plans offer coverage for airplanes, helicopters, and related activities, mitigating risks associated with flight operations.

Capitalizing on Strategic Advantages

Curaçao's insurance market thrives due to several strategic advantages:

Favorable Regulation: The CBCS's well-defined framework fosters a business-friendly environment, attracting foreign insurers and reinsurers.

Political and Economic Stability: Curaçao's political stability and growing economy create a fertile ground for the insurance industry.

Multilingual Workforce: The island's multilingual workforce allows insurers to cater to a diverse clientele and operate seamlessly in the international market.

Advanced Infrastructure: Curaçao boasts a well-developed communication and technology infrastructure, supporting efficient insurance operations.

Looking Ahead: A Promising Future

The Curaçao insurance market is poised for continued growth. As the island's economy diversifies and the tourism sector flourishes, the demand for insurance products is expected to rise. Additionally, Curaçao's strategic location and commitment to regulatory excellence position it as a hub for international insurance and reinsurance activities.

Buy the Full Report for More Insights into the Curacao Insurance Market Forecast

Download a Free Report Sample

[laxmipriyaa]

Understanding the Dynamics of Financial Services: A Catalyst for Economic Growth

Financial services form the bedrock of modern economies, encompassing a vast array of activities that facilitate economic transactions, manage risks, and allocate capital efficiently. From traditional banking to innovative fintech solutions, these services play a pivotal role in shaping global economic landscapes and empowering individuals and businesses worldwide.

Evolution and Historical Context

The roots of financial services can be traced back to ancient civilizations where rudimentary forms of banking and lending emerged alongside early trade practices. Over millennia, these financial activities evolved in tandem with societal and technological advancements. The establishment of formal banking institutions during the Renaissance and the subsequent growth of stock exchanges in the 17th and 18th centuries marked significant milestones in the development of modern financial systems.

The 20th century witnessed unprecedented growth in financial services, driven by technological innovations such as computers, telecommunications, and electronic trading platforms. These advancements democratized access to financial products and services, fostering global trade and economic integration. Today, the rise of fintech has ushered in a new era of innovation, leveraging technologies like blockchain, artificial intelligence, and machine learning to enhance operational efficiency, security, and customer experience.

Importance and Functions

Financial services serve several crucial functions essential for economic stability and growth:

Capital Allocation: Financial institutions, including banks and investment firms, facilitate the flow of capital from savers to borrowers. This process enables businesses to fund expansions, innovate, and create employment opportunities, thereby driving economic growth and productivity.

Risk Management: Insurance companies and financial intermediaries offer products and services designed to mitigate various risks faced by individuals and businesses. These include life insurance, health coverage, property insurance, and hedging instruments against market volatility. Effective risk management enhances economic resilience and stability.

Facilitating Transactions: Banks and payment processors enable seamless domestic and international transactions through services such as wire transfers, electronic payments, and trade finance. These services support global supply chains, facilitate cross-border investments, and promote economic interconnectedness.

Wealth Management: Wealth managers and financial advisors provide personalized strategies for individuals and families to manage, preserve, and grow their wealth. Services include investment planning, retirement savings, estate management, and tax optimization, ensuring long-term financial security and prosperity.

Promoting Financial Inclusion: Financial services expand access to banking, credit, and investment opportunities to underserved communities and individuals. Initiatives like microfinance, mobile banking, and digital payment solutions empower unbanked populations to participate in the formal economy, fostering inclusive growth and reducing income inequality.

Key Components and Innovations

Financial services encompass a diverse range of activities offered by traditional institutions and fintech disruptors:

Banking Services: Retail banking (savings accounts, loans, mortgages), corporate banking (business loans, trade finance), and investment banking (underwriting, mergers & acquisitions).

Investment Services: Asset management, brokerage services, mutual funds, exchange-traded funds (ETFs), and retirement planning solutions.

Insurance Services: Life insurance, health insurance, property & casualty insurance, reinsurance, and annuities.

Fintech Innovations: Digital banking platforms, peer-to-peer lending, robo-advisors for investment management, blockchain-based cryptocurrencies, and mobile payment solutions.

Conclusion

In conclusion, financial services are indispensable drivers of economic growth and development, providing essential tools for capital formation, risk management, and financial inclusion. As technology continues to reshape the financial landscape, stakeholders must navigate regulatory challenges, cybersecurity threats, and evolving consumer expectations. By embracing digital transformation, fostering innovation, and maintaining robust regulatory frameworks, the financial services industry can harness its potential to drive sustainable economic growth and prosperity globally. With a commitment to innovation and inclusivity, financial services will continue to play a pivotal role in shaping the future of global economies.

[reinsurancenews1]

Fundamental Global Is Driving The Acceleration of FG Re As Its Capacity Expands

Fundamental Global Inc., resulting from the merger of FG Financial Group, Inc. and FG Group Holdings Inc., is poised to drive growth in its reinsurance business, FG Reinsurance (FG Re).

Kyle Cerminara, CEO of the newly formed Fundamental Global company, and Tom Heise, CEO of FG Reinsurance, Ltd., foresee substantial expansion in the reinsurance sector.

As previously reported on the merger announcement, the combined entity will possess assets totaling over $110 million and achieve an annual revenue exceeding $65 million. Additionally, expense savings are anticipated to surpass $3 million in the first year post-merger, with further savings targeted in the subsequent 12-24 months.

FG Reinsurance Ltd. (FG Re) operates as a Cayman Island Class B (iii) Insurer, specializing in underwriting opportunistic collateralized and loss-capped reinsurance opportunities. Engaging in the global reinsurance market through the Funds at Lloyd’s approach, FG Re writes traditional reinsurance contracts and industry-loss warranties (ILWs).

Following the merger, concerted efforts will be directed toward expanding the FG Re reinsurance business. Cerminara and Heise conveyed to Reinsurance News their belief in the opportune timing of this strategic move.

Cerminara asserted, “By merging our two companies, we can expedite FG Re’s strategy to align our capital with desirable risk in a challenging reinsurance market.” Heise expressed satisfaction with the transaction, noting the immediate capacity increase that allows for deeper participation in the reinsurance market and brings additional scale to the business.

The increased capacity comes at an advantageous juncture, with reinsurance rates remaining high and capacity constrained in specific market segments. This indicates continued profitability in underwriting opportunities, contingent upon loss activity, and offers avenues for margin and growth for FG Re.

Cerminara further emphasized, “This transaction positively impacts each of our three drivers of profit – underwriting, fee, and investment income. We believe this transaction will create both immediate and long-term value for our shareholders.”

[shivwebsindia]

What are the growth opportunities in different sectors of Banking and Finance?

Introduction:

The banking and finance sector is a dynamic and multifaceted industry that plays a crucial role in the global economy. As technology advances, regulatory landscapes evolve, and economic conditions change, various segments within this sector offer diverse growth opportunities. In this comprehensive exploration, we will delve into the growth opportunities across different sectors of banking and finance, examining the trends and factors contributing to expansion.

1. Retail Banking:

Overview:

Retail banking focuses on providing financial services to individuals and small businesses. This sector encompasses services such as savings and checking accounts, loans, mortgages, and credit cards.

Growth Opportunities:

Digital Transformation: The integration of digital technologies allows retail banks to offer innovative products and services, enhancing customer experience and expanding their reach.

Financial Inclusion: Targeting underserved markets and promoting financial literacy can open up new customer segments, fostering growth in emerging economies.

2. Corporate Banking:

Overview:

Corporate banking serves larger businesses and institutions, providing a range of financial services such as lending, treasury management, and advisory services.

Growth Opportunities:

Globalization: Supporting businesses in their international ventures by offering cross-border financing and risk management services.

Economic Advisory: As businesses seek strategic financial advice, corporate banks can expand by providing specialized advisory services to navigate complex economic landscapes.

3. Investment Banking:

Overview:

Investment banking involves facilitating capital raising, mergers and acquisitions, and other financial transactions for corporations, governments, and other entities.

Growth Opportunities:

Mergers and Acquisitions (M&A): Increased M&A activity presents opportunities for investment banks to facilitate deals and provide advisory services.

Technology Investment: Investing in technology to improve efficiency and analytics capabilities, enabling better decision-making for clients.

4. Asset Management:

Overview:

Asset management involves managing investment portfolios for individuals, institutions, and pension funds to achieve specific financial goals.

Growth Opportunities:

Esg Investing: The growing focus on and governance (ESG) investing provides an avenue for asset managers to develop sustainable and socially responsible investment products.

Robo-Advisory: Utilizing technology to provide automated investment advice appeals to a broader market, especially tech-savvy investors.

5. Fintech and Digital Banking:

Overview:

Fintech and digital banking represent the intersection of finance and technology, offering innovative solutions in areas such as payments, lending, and personal finance.

Growth Opportunities:

Blockchain and Cryptocurrencies: Exploring opportunities in blockchain technology and digital currencies can revolutionize traditional financial services.

Open Banking: Collaborating with traditional banks to provide services through open banking platforms, fostering innovation and competition.

6. Insurance Sector:

Overview:

The insurance sector covers a wide range of services, including life insurance, property and casualty insurance, and reinsurance.

Growth Opportunities:

Insurtech Integration: Embracing technology for claims processing, underwriting, and risk assessment to improve operational efficiency.

Emerging Markets: Expanding into untapped markets, especially in developing regions where insurance penetration is relatively low.

7. Regulatory and Compliance Services:

Overview:

With the ever-changing regulatory landscape, there is a growing demand for services that help financial institutions stay compliant with various regulations.

Growth Opportunities:

RegTech Adoption: Utilizing regulatory technology to automate compliance processes, reducing costs and enhancing efficiency.

Cybersecurity Services: As cyber threats become more sophisticated, there is a rising need for cybersecurity services to protect financial institutions and their clients.

8. Real Estate Finance:

Overview:

Real estate finance involves providing funding for property development, mortgages, and real estate investment trusts (REITs).

Growth Opportunities:

Green Financing: Supporting sustainable and environmentally friendly real estate projects through green financing initiatives.

Technology Integration: Employing technology for property valuation, risk assessment, and mortgage processing to streamline operations.

9. Wealth Management:

Overview:

Wealth management caters to high-net-worth individuals, offering personalized investment and financial planning services.

Growth Opportunities:

Personalized Advisory Services: Providing tailored investment strategies and financial planning to meet the unique needs of affluent clients.

Family Office Services: Expanding into family office services, which include comprehensive financial management for high-net-worth families.

10. Microfinance and Inclusive Banking:

Overview:

Microfinance focuses on providing financial services to individuals and small businesses in underserved and economically disadvantaged communities.

Growth Opportunities:

Technological Inclusion: Leveraging digital platforms to reach unbanked populations and provide them with essential financial services.

Partnerships with NGOs: Collaborating with non-governmental organizations to extend financial inclusion initiatives in developing regions.

Conclusion:

The banking and finance sector is a vast and dynamic industry with growth opportunities spanning various segments. Embracing technological advancements, catering to evolving customer needs, and navigating regulatory changes are key factors that contribute to sustained growth. As the industry continues to evolve, professionals and organizations within banking and finance must stay agile, innovative, and adaptable to capitalize on the myriad opportunities that lie ahead. Whether in retail banking, investment banking, fintech, or other areas, the future of banking and finance is shaped by those who are proactive in embracing change and leveraging emerging trends.

[efrost]

Life Reinsurance Market to Witness Excellent Revenue Growth Owing to Rapid Increase in Demand

Latest business intelligence report released on Global Life Reinsurance Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand Life Reinsurance market outlook. List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis are Swiss Re Ltd. (Switzerland)

Munich Reinsurance Company (Germany)

Hannover Ruck S.E (Germany)

SCOR S.E. (France)

Berkshire Hathaway Inc. (United States)

Lloyd’s (United Kingdom)

China Reinsurance (Group) Corporation (China)

Reinsurance Group of America Inc. (United States)

Great West Lifeco (Canada)

Korean Reinsurance Company (South Korea)

The global reinsurer market seeing strong growth in FY 2019, which is near about USD ~ 625 billion. In FY 2019, the traditional reinsurance market is increased by 9% from the previous year. the major reasons behind the high growth is lower catastrophe activity across the globe, an increase in investment from various companies. The traditional capital is driven by premium growth, an unusually favorable condition for investment. Because of all these operating performances, this market is growing at a good rate. As the global reinsurance market is seeing an increasing number of market developments and innovations across the globe. The leading companies are operating in this industry are focusing on various market growth initiatives such as mergers and acquisitions, collaboration, new product launch, and others. Through these kinds of initiatives, the players are focusing on capturing major market share. Key Market Trends: Handling Profitable Pressure Because of Low-Interest Rate Environment

Rapid Development of New Technologies Such as Big Data, Blockchain, AI, and Others.

Opportunities: Increase Awareness Among End Users Market Growth Drivers: Growing Demand Across the North America Region Across the Globe in Terms of Premium Volume, And Is Expected to Continue High Growth. Because Of the Increasing Presence of Insurance Tech in this Industry. Challenges: Lack of Awareness Among Asia Pacific Regions The Global Life Reinsurance Market segments and Market Data Break Down by Application (Institutional User Clients, Individual Users Clients), Sales Channels (Direct, Broker), Form (Traditional Reinsurance, Alternative Reinsurance), Asset Composition (Debt Securities, Equity Securities, Non- Negotiable Loans, Others)

Presented By

AMA Research & Media LLP

[sanemyamen]

Life Reinsurance Market Analysis, Size, Growth, Competitive Strategies, and Worldwide Demand

Advance Market Analytics released a new market study on Global Life Reinsurance Market Research report which presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates for Global Life Reinsurance Forecast till 2027*.

The global reinsurer market seeing strong growth in FY 2019, which is near about USD ~ 625 billion. In FY 2019, the traditional reinsurance market is increased by 9% from the previous year. the major reasons behind the high growth is lower catastrophe activity across the globe, an increase in investment from various companies. The traditional capital is driven by premium growth, an unusually favorable condition for investment. Because of all these operating performances, this market is growing at a good rate. As the global reinsurance market is seeing an increasing number of market developments and innovations across the globe. The leading companies are operating in this industry are focusing on various market growth initiatives such as mergers and acquisitions, collaboration, new product launch, and others. Through these kinds of initiatives, the players are focusing on capturing major market share.

Key Players included in the Research Coverage of Life Reinsurance Market are Swiss Re Ltd. (Switzerland),Munich Reinsurance Company (Germany),Hannover Ruck S.E (Germany),SCOR S.E. (France),Berkshire Hathaway Inc. (United States),Lloyd’s (United Kingdom),China Reinsurance (Group) Corporation (China),Reinsurance Group of America Inc. (United States),Great West Lifeco (Canada),Korean Reinsurance Company (South Korea)

What's Trending in Market: Handling Profitable Pressure Because of Low-Interest Rate Environment

Rapid Development of New Technologies Such as Big Data, Blockchain, AI, and Others.

Challenges: Lack of Awareness Among Asia Pacific Regions

Opportunities: Increase Awareness Among End Users

Market Growth Drivers: Growing Demand Across the North America Region Across the Globe in Terms of Premium Volume, And Is Expected to Continue High Growth. Because Of the Increasing Presence of Insurance Tech in this Industry.

The Global Life Reinsurance Market segments and Market Data Break Down by Application (Institutional User Clients, Individual Users Clients), Sales Channels (Direct, Broker), Form (Traditional Reinsurance, Alternative Reinsurance), Asset Composition (Debt Securities, Equity Securities, Non- Negotiable Loans, Others)

To comprehend Global Life Reinsurance market dynamics in the world mainly, the worldwide Life Reinsurance market is analyzed across major global regions. AMA also provides customized specific regional and country-level reports for the following areas. • North America: United States, Canada, and Mexico. • South & Central America: Argentina, Chile, Colombia and Brazil. • Middle East & Africa: Saudi Arabia, United Arab Emirates, Israel, Turkey, Egypt and South Africa. • Europe: United Kingdom, France, Italy, Germany, Spain, Belgium, Netherlands and Russia. • Asia-Pacific: India, China, Japan, South Korea, Indonesia, Malaysia, Singapore, and Australia. Presented By

AMA Research & Media LLP

[petnews2day]

Early indications suggest shift in cat bond market momentum: Aon Securities

New Post has been published on https://petn.ws/FRVqg

Early indications suggest shift in cat bond market momentum: Aon Securities

Activity in the catastrophe bond market during the first quarter of 2023 suggests that sponsors have built on the orderly year-end renewal, with initial indications pointing to a shift in momentum across the market, according to Aon Securities, the insurance-linked securities (ILS), catastrophe bond and capital markets arm of the insurance and reinsurance broker.In terms […]

See full article at https://petn.ws/FRVqg #CatsNews

[onlinemexicaninsurance]

Insurance and Reinsurance Law Review: Mexico

Insurance and reinsurance law in Mexico is an ever-evolving field of law. With the emergence of new technologies and changing regulations, understanding this area of law can be a daunting task. This blog will provide an overview of the most important aspects of insurance and reinsurance law in Mexico, from the regulatory framework to the types of policies available to the key challenges and opportunities in the industry. 

Regulatory Framework

Mexico's insurance and reinsurance industry is regulated by the National Commission of Insurance and Bonds (Comisión Nacional de Seguros y Fianzas, or CNFS). The CNFS is responsible for ensuring that companies operating in this sector comply with all applicable regulations, as well as supervising and regulating the activities of these entities.

Insurance and reinsurance companies in Mexico must obtain a license from the CNFS to operate. They are also subject to periodic inspections and must maintain certain capital requirements as set out by the CNFS. Companies must also comply with solvency standards established by the CNFS, including limits on investment activities, provisions for losses and claims, and the issuance of annual financial statements.

In addition, all insurance contracts must be registered with the CNFS and have a valid policy number issued by them. Furthermore, the CNFS regulates the terms and conditions of all insurance and reinsurance contracts, including the pricing of premiums and the types of benefits that can be provided.

The CNFS is also responsible for investigating complaints and imposing penalties on insurance companies that violate their regulations. It is also authorized to suspend or revoke an insurer's license if it finds evidence of fraud or other misconduct.

Finally, the CNFS works closely with other government entities to promote consumer protection and combat fraudulent activities. It has established numerous programs to educate consumers about their rights and responsibilities when it comes to purchasing insurance products in Mexico.

Products Available

When it comes to insurance and reinsurance products in Mexico, there is a vast array of options available for customers. Depending on their needs, individuals and businesses can choose from several different coverage plans, including auto insurance, home and condo insurance, boat insurance, global health insurance, accident & illness travel medical insurance, Mexico registered auto insurance, Mexico condo insurance, Mexico watercraft, air evacuation, and Global life insurance.

Auto insurance in Mexico is required by law and offers coverage for physical damages and third-party liability in case of an accident. Home and condo insurance can cover things like fire and theft, while boat insurance is necessary for vessels traveling and navigating in Mexico waters. Global health insurance is perfect for travelers visiting Mexico for a short period of time, as this insurance provides coverage for hospital expenses and medical treatments in case of an emergency.

Accident & illness travel medical insurance covers hospital bills incurred due to sickness or injury during a trip abroad. Mexico-registered auto insurance is specifically designed to cover vehicles registered in Mexico and is an essential product for anyone owning a vehicle in the country. Mexico condo insurance covers damages or losses to a condominium unit caused by fire, lightning, windstorms, hail, water escape, vandalism, and other risks.

Mexico watercraft policies are designed for motorized boats used for recreational purposes and can cover things such as theft and collisions. Air evacuation insurance can be invaluable in a medical emergency requiring the individual to be transported via air ambulance back to their home country. Global life insurance provides coverage in case of death or terminal illness and can provide peace of mind to individuals and families living abroad.

When choosing an insurance or reinsurance product in Mexico, it is important to do research to determine which plan best fits your individual needs. It is also essential to ensure that the coverage chosen is up-to-date with current regulations in the country. By being informed and aware of the various types of insurance and reinsurance products available in Mexico, customers can ensure they have the proper protection in place for themselves or their businesses.

Key Challenges and Opportunities

The insurance and reinsurance industry in Mexico is highly regulated by the Mexican government and continues to undergo reforms and updates. As a result, it can be difficult for international insurers and reinsurers to navigate the complex regulatory environment, which can create challenges in the market. Additionally, the increasing number of natural disasters in Mexico presents another major challenge that insurers and reinsurers must address.

However, there are also many opportunities in the and reinsurance market. The growing population, increased access to technology, and increased demand for coverage all present opportunities for growth in the market. Additionally, the Mexican government has taken steps to reduce corruption and increase transparency in the insurance and reinsurance sector, creating a more welcoming environment for international players. Finally, there is potential for expansion in the Mexican reinsurance market, which is still relatively underdeveloped compared to other markets.

In conclusion, Mexico's insurance and reinsurance industry presents challenges and opportunities for those looking to enter or expand their presence in the market. With a robust regulatory framework in place and numerous avenues for growth, the future of the Mexican insurance and reinsurance market looks bright.

Conclusion and Future Outlook

The Mexican insurance and reinsurance industry is an integral part of the country's economy and will continue to be for years to come. Despite the challenges that have arisen post-COVID, the market remains positive and is expected to continue to grow in the coming years.

[juanantonionino]

Active Capital Reinsurance Panama | Comprehending and Contrasting Life Insurance Policy Quotes

For many people they have some problem in choosing what type of life insurance. they are going to purchase. Part of the reason is they do not know just how much does life insurance policy expense. Obtaining insured can be a complicated undertaking if you do not know exactly how to start. Beginning with life insurance quotes would be an excellent start. In this manner you can understand and contrast life insurance estimates you have actually collected. What most individuals do is to find out or recognize what is the typical price or price and then get some quotes. These quotations that you might gather from amongst the many life insurance policy companies will be really valuable.

  Once you have currently collected the quotations from a multitude or numbers of insurers, you can conveniently compare their quotes. Every insurance company has their very own collection of policies and also guidelines in underwriting life insurance. Most of these life insurance quotes can be obtain from among the lots of insurance companies on the web. These firms have their online websites where you can simply search for their sites and also make use of these tools and also resources absolutely free.

ACTIVE CAPITAL REINSURANCE

Often it's as very easy as entering your zip code and you get started. Most of these large insurer websites have these tools and also sources which are really handy and can provide you lots of circumstances. You can make theoretical scenarios to get different quotes to compare and also make the very best decision feasible. What you need here some personal details to keyed right into the system and also it will determine for you how much the typical cost or expense to you is.

  Very first point you require to do after you enter the postal code is to understand the insurance coverage quantity you like to buy. Whether it would 250,000, 500,000 one million or even more dollars, you need to get in the amount in the box supplied. Choosing the right amount to be guaranteed should be considered appropriately as well as think what suffices for your household and also organisation must you unexpected die. The guideline is you need and amount that amounts 7 to 10 times of your annual gross income. The idea below is ensure that when you are no more there to offer form them they can at the very least maintain their monetary way of living.

ACTIVE CAPITAL

The next thing you require to offer is some personal info to be able to determine what your predicted monthly costs will be. Right here you require to enter your day of birth or age, sex, height and also weight ratio, your first as well as last name, and address. You might also require to enter your phone number and mobile phone and your e-mail address as well. Several of these brokers and insurance companies additionally require to know if you wish to get some newsletters. In some cases these are beneficial as it provides you even more information as well as suggestions on exactly how you go about your life insurance quotes online.

Another aspect that they constantly would like to know is if you are a smoker for the twelve months or have ever before smoked. They will certainly additionally ask information regarding your health. Health details like if you have or have dealt with diabetes, cancer, heart disease, high blood pressure (hypertension), stress and anxiety and anxiety, bronchial asthma, alcohol and or substance abuse, or any type of similar conditions ought to be supplied. Some life insurance business would additionally ask if you have any type of convictions for driving intoxicated (DUI) or similar convictions.

  However you need to beware when offering all these information as some negative apples in the market are simply passion in your email address as well as some individual details. So constantly bear in mind to obtain these life insurance estimates from a trustworthy and highly rank life insurance policy firms or insurance companies. The life insurance prices quote that you received from these questions will certainly be extremely practical in contrasting them and picking the kind of life insurance plan insurance coverage that matches your needs.

[activecapital]

active capital reinsurance | Helpful Information On Getting Credit Score Life Insurance Policy

Credit score life insurance policy is among the most misconstrued personal financing items. The type of insurance coverage offered to debtors by creditors vary from the common credit history life and sickness or mishap cover to such insignificant agreements such as life occasions. A lot of these coverage policies are generally overpriced and also supply considerable revenues for companies and sales money companies.

  Making use of cover as a form of security for a car loan is not truly a bad choice. Both the debtor and also the financial institution might take advantage of eliminating the threat of special needs or fatality from the equation. If the reduction in risk is an element in supplying a lowered interest rate maybe a great deal. The problem develops, nonetheless, when the lender causes a consumer to acquire an insurance coverage item not to decrease risk but as an extra source of income.

active capital

Coverage prices are generally set by the aggressive market, which are inclined to hold rates of interest down for the notified consumer who does a little comparison shopping. Car insurance coverage firms, as an example, are extremely competitive and also the rate of interest are rarely managed. Although when it come to an application for a development there could be no competition at the sale factor of the cover.

  The lender could be the only useful resource. The only competitors is generally in between insurance coverage firms to see that can charge the maximum payment as well as pay the maximum commission to the creditor for offering the cover. This usually pressures rate of interest to rise rather than down and has actually been described as reverse competition.

  In the 1950s as consumer credit report was quickly broadening as well as lots of states had extremely strict usury regulations both vendors and also lending institutions began to depend on compensations from cover premiums to cushion completion profits. Many started to offer extreme protection and almost all charged outrageous premiums, with fifty percent being paid to the lender or its police officers, directors, or employees as commissions for writing the cover. Additionally, the premium was included in the overdue equilibrium of the sale cost.

active re

A person ought to buy credit scores insurance policy based upon the kind of deals he performs, his individual circumstances and also the sort of protection in consideration. The very first concern one requires to address before composing his mind from whom to purchase protection from is whether he needs life coverage at all. If one already has insurance coverage in ample total up to cover his needs, after that he does not require additional coverage.

  Life insurance coverage is recommended when there rely whose demands must be provided for after a person dies. Furthermore, a person must secure protection if he has a commitment to a co-signer that he will pay up his component of a specific obligation dead or to life. Furthermore, an individual can take out insurance coverage if he owns residential or commercial property which he wishes to entrust to another person when he dies.

[grbizm]

Active Capital Reinsurance, Reinsuring the lives!

Active Capital Reinsurance, Reinsuring the lives!

Active Capital Reinsurance ( Active RE ) is continuing to expand globally and diversify their business in spite the challenges of the corona virus pandemic. Juan Antonio Nino Pulgar, the CEO of Active RE, said that the company had to face great obstacles in the past, and it has proved that with resilience and determination any hurdle can be overcome. Most countries were facing strict mobility…

[activecapitalreinsurance]

Ideal Car Insurer - How to Find One | Juan Antonio Nino

Coming across the most effective automobile insurer often can be based on opportunity or your good luck. The insurance protection used by most business is really felt as quite weak by a bulk of customers and only a handful of companies can drop in line with the customer requires. So it is always much better to try to find some highests in an insurance company prior to you get your vehicle insurance policy.

Juan Antonio Nino

The price of insurance policy is not very significant or the sole reason for an excellent coverage, yet it can not be over-ruled when selecting the very best reduced car insurance policy supplier. There'll always be a base rate that you obtain priced estimate throughout numerous insurance companies so it is simply a matter of choosing the lowest one. Always make a study of your choice with the details of each type of policy as in some cases the most affordable quotes do not always convert into the most effective protection.

  Picking an on-line insurance provider when getting insurance coverage is an excellent suggestion but you have to not go with online companies which are still in their plant phase. If the business has actually been in business for a minimum of three years or more, the much better insurance advice you'll be able to gain access to for your queries and additionally accumulate even more info about their efficiency, performance history etc as you will certainly understand exactly how quick they can process the rules in times of demand. The best car insurer would certainly leave no stone unturned to work with a consumer's case

ACTIVE CAPITAL REINSURANCE PANAMA

One excellent aspect is that you'll be able to find an insurance policy company with bad records rather easily, particularly if you do your study online and also contrast online providers.This is a key thing to try to find when trying to establish a connection as a plan holder with the best car insurer. It is most likely that you intend to stay away from companies that have negative records from customers and guard dog online forums. Also you can examine a possible business's credentials for honoring insurance claims versus the Bbb data source.

And also last but not least, beware of those business that can only supply 3rd party protection as well as is not valuable if you are keen on getting full coverage for your automobile which only the most effective automobile insurance provider can offer you!

[juanantonionino2-blog]

Insurance policy Representatives - How Does Yours Step Up? | Active Capital Reinsurance Panama

Insurance representatives can be a few of the most essential individuals you'll ever collaborate with. They will certainly assist you shield your residential property, your assets and your finances. The job of an insurance agent has the possible to save you from monetary destroy.

Active Capital Reinsurance Panama

You could undergo your whole lifetime and not require the services of an attorney. You can live as well as die and not need to utilize an accountant. However you can not stay in "the real life" without insurance coverage agents.

 Yet keep in mind ... it's YOUR duty to learn which coverages are right for you.

 Have you ever heard a story from a buddy or relative who submitted an insurance policy claim, just to learn that the protection their representative assured was not there? I listen to those stories ALL THE TIME, and also at the WORST POSSIBLE TIME ... AT ASSERTS TIME!

 I began my insurance coverage career as a representative in 1973. I maintained my representative licenses active till 1992 when I came to be an insurance coverage adjuster. During that amount of time, I sold virtually every sort of insurance policy conceivable. That provided me a deepness of experience in insurance policy sales. But every one of that experience did not make me a professional in insurance coverage. I learned threat evaluation as well as sales methods. But I do not think that I ever before had one minutes' training in how to manage a claim. When my customers had a claim, I provided the business's contact number and told them to call it in. We sometimes completed an Acord type, which is a conventional market form for filing a claim. That was all we did.

Juan Antonio Nino

The best representative is an individual who has hang around researching insurance, not an individual who is an expert in sales. The largest percent of insurance coverage agents of all types are sales individuals, not insurance specialists. Your agent may or may not be a professional in insurance coverage. You'll need to merely ask your representative what his education degree is.

 There are a great deal of schools that use levels in insurance today. In our area, the University of Georgia uses degrees in Risk Management and also Insurance Coverage. It's a quite well-respected program.

 Representatives can additionally end up being professionals in insurance by experiencing proceeding education and learning, such as the Certified Property Casualty Expert (CPCU) education and learning program. Life insurance representatives can accomplish the Licensed Life Underwriter (CLU) specialist classification. There are other classifications readily available to representatives, however those 2 are the most extensively accepted curricula.

 Representatives in the majority of states also need to finish a state-required variety of Continuing Education hrs yearly in order to keep their insurance coverage licenses. If they don't finish the hrs, the state cancels their licenses.

 A representative has a responsibility to you, called the "fiduciary task." That means that he should keep your economic wellness first in his top priorities. If a representative sells you an insurance coverage due to the fact that it has a greater payment than another plan, he has breached his fiduciary responsibility to you.

 Agents normally lug a sort of responsibility insurance policy called "Mistakes and Noninclusions" liability insurance. Mistakes and also omssions (E&O) is the insurance coverage that covers the agent's company, or the agent separately, in case a client holds the agent in charge of a service he supplied, or fell short to offer, that did not have the anticipated or guaranteed results. This shields agents and also their clerical staff from responsibility due to negligent acts, errors as well as omissions while conducting their organisation. It will safeguard the agent from issues like the following examples:

 1. loss of client information. The agent merely sheds your data, physically or online.

 2. system or software program failure. Computer at the representative's workplace collisions as well as all information is lost.

 3. irresponsible oversell. The representative sells you insurance coverage you do not need, or offers you insurance coverage limitations greater than required.

 4. claims of non-performance. This is a broad category however needs to be. This could consist of fees that an agent did not offer the appropriate policy, or the proper quantity of coverage.

 The number 4 instance above is one of the most common and most unsafe for representatives. Right here's why.

 People today have multiple insurance policy exposures, like:

 auto physical damages

 car liability

 without insurance or underinsured drivers direct exposures

 property owner physical damages

 home owner obligation

 excess liability

 businessowner physical damage

 businessowner liability

 home-based companies

 life insurance needs

 medical insurance needs

 impairment insurance policy requires

 Any type of among the direct exposures listed above can impact any of the others. They are elaborately woven with each other in each of our lives.

 Any representative doing service in the contemporary globe ought to do an insurance evaluation of any prospect's present insurance as well as his future insurance demands. To stop working to do so is an invite for a suit.

 What does this mean to you?

 First: If your agent makes promises to you about protection, as well as your insurance claim obtains denied, you can make a case against the representative's Mistakes and Noninclusions Liability plan. You may need to obtain a lawyer involved, yet that only boosts the possibility that your refuted case will certainly earn money.

 Next: In my never-to-be-humble viewpoint, ALL representatives marketing ANY kind of insurance must carry out an Insurance coverage Requirements Evaluation for the possibility BEFORE offering the plan. Furthermore, I believe that a representative ought to very carefully clarify the searchings for of the Insurance policy Requirements Analysis to the possibility BEFORE marketing the policy. As soon as the description is total, the agent ought to call for the possibility to accept the plans that are marketed, as well as approve the plans and insurance coverages that are not offered. "Authorizing off" simply means that the possibility mentions that the agent has actually discussed all coverages, as well as he either approves or turns down any kind of given coverage.

 Both celebrations. the representative as well as the policyholder ... advantage in this deal. The insurance policy holder has a full explanation of the plan he's purchasing and its partnership to all his other insurance. The agent sells the right protection, and also considerably decreases the risk of a suit or claim against his E&O protection for selling the wrong protection.

 Here's what an insurance policy analysis procedure need to look like.

 1. Personal Information Collection: get as much details about the insured as well as his member of the family as feasible.

 2. Obtain Duplicates of Existing Plans: the representative needs to actually check out the existing policies.

 3. Analyze Insurance Needs: determine the proper protections needed and the proper plan limits.

 4. Referrals: what need to be acquired as well as prices.

 5. Application and also Sign-off Evaluation: fill out the application and have the insured validate the analysis form.

 6. Provide the Plan: An agent should supply the policy in person and describe it again, not simply send you a duplicate in the mail.

 Also after all of the training and also education that any type of insurance coverage agent acquires, the representative is still not an expert in exactly how to handle an insurance case. I have actually had great deals of people tell me that they were going to get their representative to help them with their case. Later, they determined that the representative didn't know a lot more regarding the claims procedure than they did. As I composed earlier, agents can become experts, but their knowledge is usually in the sales and needs evaluation locations of insurance policy ... not cases. For most representatives, finding out the insurance claims process would certainly be a waste of their time, given that the majority of representatives are not accredited to take care of claims.

 Certain ... some representatives will be given a tiny claims negotiation authority by the business they work for. Some representatives will certainly be able to resolve cases approximately regarding $5,000.00, and afterwards only in the property side of the claim ... such as a small water loss or a theft. Yet, generally, the insurer concentrates claims managing with the insurance claims staff members and also independent insurance claims adjusters.

 One of the most vital approaches you must draw from this post are:

 1. Meeting EVERY insurance policy representative to learn their level of knowledge. Just do business with one of the most certified, educated as well as experienced agents. Let the unskilled agents practice on people who do not care concerning protecting themselves the right ways.

 2. Do not always chase after the most affordable costs. You get what you spend for. You 'd be much better served to pay a higher costs if an extremely qualified representative takes care of you. You do not drive the least expensive cars and truck you can locate, do you?

 3. Never ever be hesitant to call the Division of Insurance policy of your state if you have troubles with your representative. Representatives are regulated for a factor.

[alexsmitposts]

The Great Reset is Here: Follow the Money The top-down reorganization of the world economy by a cabal of technocratic corporativists, led by the group around the Davos World Economic Forum– the so-called Great Reset or UN Agenda 2030– is no future proposal. It is well into actualization as the world remains in insane lockdown for a virus. The hottest investment area since onset of the coronavirus global lockdowns is something called ESG investing. This highly subjective and very controlled game is dramatically shifting global capital flows into a select group of “approved” corporate stocks and bonds. Notably it advances the dystopian UN Agenda 2030 or the WEF Great Reset agenda. The development is one of the most dangerous and least understood shifts in at least the past century. The UN “sustainable economy” agenda is being realized quietly by the very same global banks which have created the financial crises in 2008. This time they are preparing the Klaus Schwab WEF Great Reset by steering hundreds of billions and soon trillions in investment to their hand-picked “woke” companies, and away from the “not woke” such as oil and gas companies or coal. What the bankers and giant investment funds like BlackRock have done is to create a new investment infrastructure that picks “winners” or “losers” for investment according to how serious that company is about ESG—Environment, Social values and Governance. For example a company gets positive ratings for the seriousness of its hiring gender diverse management and employees, or takes measures to eliminate their carbon “footprint” by making their energy sources green or sustainable to use the UN term. How corporations contribute to a global sustainable governance is the most vague of the ESG, and could include anything from corporate donations to Black Lives Matter to supporting UN agencies such as WHO. The crucial central goal of ESG strategists is to create a shift to inefficient and costly alternative energy, the Zero Carbon promised utopia. It is being driven by the world’s major financial institutions and central banks. They have created a dazzling array of organizations to drive their green investing agenda. In 2013, well before the coronavirus, the major Wall Street bank, Morgan Stanley, created its own Institute for Sustainable Investing. This was soon expanded in 2015 when Morgan Stanley joined the Steering Committee of the Partnership for Carbon Accounting Financials (PCAF). On its website the they state, “PCAF is based upon the Paris Climate Agreement’s position that the global community should strive to limit global warming to 1.5°C above pre-industrial levels and that society should decarbonize and reach net zero emissions by 2050.” By 2020 the PCAF had more than 100 banks and financial institutions including ABN Amro, Nat West, Lloyds Bank, Barcylays, Bank of America, Citi Group, CIBC, Danske Bank and others. Several of the PCAF member banks have been indicted in money laundering cases. Now they sense a new role as virtue-models to change the world economy, if we are to believe the rhetoric. Notably, former Bank of England Governor, Mark Carney is an “Observer” or consultant to the PCAF. In August 2020 the PCAF published a draft standard outlining a proposed approach for global carbon accounting. This means the bankers are creating their own accounting rules for how to rate or value a company’s carbon footprint or green profile. The Central Role of Mark Carney Mark Carney is at the center of reorganizing world finance to back the UN 2030 green agenda behind the WEF Davos Great Reset, where he is a member of the Board of Trustees. He also is Adviser to the UN Secretary General as United Nations Special Envoy for Climate Action. He has described the PCAF plan as follows: “To achieve net zero we need a whole economy transition – every company, every bank, every insurer and investor will have to adjust their business models, develop credible plans for the transition and implement them. For financial firms, that means reviewing more than the emissions generated by their own business activity. They must measure and report the emissions generated by the companies they invest in and lend to. PCAF’s work to standardise the approach to measuring financed emissions is an important step to ensuring that every financial decision takes climate change into account.” As Governor of the Bank of England Carney played a key role getting world central banks behind the Green Agenda of the UN 2030 scheme. The major central banks of the world, through their umbrella Bank for International Settlements (BIS) in Basle, created a key part of the growing global infrastructure that is steering investment flows to “sustainable” companies and away from those like oil and gas companies it deems “unsustainable.” When then-Bank of England Governor Mark Carney was head of the BIS’ Financial Stability Board (FSB) he established something called Task-force on Climate-related Financial Disclosure (TCFD) in 2015. The central bankers of the FSB nominated 31 people to form the TCFD. Chaired by billionaire Michael Bloomberg, it included in addition to BlackRock, JP MorganChase; Barclays Bank; HSBC; Swiss Re, the world’s second largest reinsurance; China’s ICBC bank; Tata Steel, ENI oil, Dow Chemical, mining giant BHP and David Blood of Al Gore’s Generation Investment LLC. Anne Finucane, the Vice Chair of the Bank of America, a member of both the PCAF and the TCFD, noted, “we are committed to ensuring that climate-related risks and opportunities are properly managed within our business and that we are working with governments and markets to accelerate the changes required… climate change presents risks to the business community, and it is important for companies to articulate how these risks are being managed.” The Bank of America vice chair describes how they assess risks in its real estate loan portfolio by assessing, “acute physical risk analysis on a sample portfolio of Bank of America residential mortgages across the US Each property was given a score based on the level of risk associated with 12 potential hazards: tornado, earthquake, tropical cyclone, hailstorm, wildfire, river flood, flash flood, coastal flood, lightning, tsunami, volcano, and winter storm.” As well, the banks’ investment “risk” in oil and gas as well as other industrial sectors is reviewed using the criteria of Carney’s TCFD. All risks are defined as related to CO2, despite the fact there is no conclusive scientific proof that manmade CO2 emission is about to destroy our planet by global warming. Rather evidence of solar activity suggests we are entering an unstable cooling period, Grand Solar Minimum. That’s of no concern to the financial interests who stand to reap trillions in the coming decade. Another key part of the financial preparation for the Great Reset, the fundamental transformation from a high-energy intensity economy to a low and economically inefficient one, is the Sustainability Accounting Standards Board (SASB). SASB says it “provides a clear set of standards for reporting sustainability information across a wide range of issues… “ This sounds reassuring until we look at who makes up the members of the SASB that will give the Climate-friendly Imprimatur. Members include, in addition to the world’s largest fund manager, BlackRock (more than $7 trillion under management), also Vanguard Funds, Fidelity Investments, Goldman Sachs, State Street Global, Carlyle Group, Rockefeller Capital Management, and numerous major banks such as Bank of America and UBS. Many of these are responsible for the 2008 global financial collapse. What is this framework group doing? According to their website, “Since 2011, we have has been working towards an ambitious goal of developing and maintaining sustainability accounting standards for 77 industries.” Where this is all going is to create a web of globally-based financial entities who control combined wealth including insurance and pension funds into what they claim to be worth $100 trillion. They are setting the rules and will define a company or even a country by the degree of carbon emission they create. If you are clean and green, you potentially get investment. If you are deemed a carbon polluter as the oil, gas and coal industries are deemed today, the global capital flows will disinvest or avoid funding you. The immediate target of this financial cabal is the backbone of the world economy, the oil and gas industry along with coal. Hydrocarbons Under Attack The immediate target of this financial cartel is the backbone of the world economy, the oil, coal and natural gas sector. Oil industry analysts predict that over the next five years or less investment flows into the world’s largest energy sector will fall dramatically. “Given how central the energy transition will be to every company’s growth prospects, we are asking companies to disclose a plan for how their business model will be compatible with a net zero economy,” BlackRock’s chairman and CEO Larry Fink wrote in his 2021 letter to CEOs. Blackrock is the world’s largest investment group with over $7 trillion to invest. Another BlackRock officer told a recent energy conference, “where BlackRock goes, others will follow.” “To continue to attract capital, portfolios have to be built around core advantaged assets – low-cost, long-life, low carbon-intensive barrels,” said Andrew Latham, Vice President, Global Exploration at WoodMac, an energy consultancy. The Biden Administration is already making good on his pledge to phase out oil and gas by banning new leases in Federal lands and offshore and the Keystone XL oil pipeline. The oil and gas sector and its derivatives such as petrochemicals are at the heart of the world economy. The 50 largest oil and gas companies in the world, including both state-owned and publicly traded companies, recorded revenues of about $5.4 trillion in 2015. As a new Biden Administration pushes their ideological opposition to so-called fossil fuels, the world will see a precipitous decline in oil and gas investment. The role of the Davos globalists and the ESG financial players are out to guarantee that. And the losers will be us. Energy prices will skyrocket as they did during the recent Texas blizzards. The cost of electricity in industrial countries will become prohibitive for manufacturing industry. But rest well. This is all part of the ongoing Great Reset and its new doctrine of ESG investing. In 2010 the head of Working Group 3 of the UN Intergovernmental Panel on Climate Change, Dr Otmar Edenhofer, told an interviewer, “…one must say clearly that we redistribute de facto the world’s wealth by climate policy. One has to free oneself from the illusion that international climate policy is environmental policy. This has almost nothing to do with environmental policy anymore…” The WEF Great Reset is not simply a big idea of Klaus Schwab reflecting on the economic devastation of the coronavirus. It has been long planned by the money masters.

[bopinion]

2021 / 04

Aperçu of the Week:

"Choose only one master - nature." (Rembrandt)

Bad News of the Week:

Norway likes to be seen as an exemplary environmental nation: A 98 percent share of renewable energy sources in the electricity mix, Europe's highest electric vehicle rate, sovereign wealth fund investments in sustainability, etc. So all is well in the far north? Far from it!

In its latest round of drilling licenses, Norway has now distributed a whopping 61 new offshore oil and gas production permits. With the shoulder-shrugging justification that, after all, only about half of its offshore deposits have been developed. And it gets even "better": until February 23, the fossil companies of this world are invited to submit applications for 136 more permits. Putting on a clean slate for themselves while allowing others to destroy nature is Green Washing at its finest. Or, to put it more simply, this is just plain mendacious.

Another bad news goes along with this one. According to a panel of scientists at Canada's Simon Fraser University, the global population of sharks and rays has declined by more than 70 percent in the last 50 years. And more than three-quarters of their species are endangered and, in the case of the oceanic whitetip shark, the scalloped hammerhead shark and the great hammerhead shark, even acutely threatened with extinction.

Well, this is not only due to the extraction of raw materials on the high seas, but also to illegal targeted hunting (mostly just for the fins!) as well as the by-catch in the trawl nets of industrialized fishing that is broadly accepted. But these factors are also man made interventions in nature. And selfish. And short-sighted. And reckless. In short: human.

Good News of the Week:

When one thinks of natural disasters, the first things that come to mind are volcanic eruptions, earthquakes, tsunamis and hurricanes. Phenomena from which Germany is spared. Even in the context of man-made climate change, which undoubtedly has at least impact on the last, Germans are more familiar with these events from the foreign news than from personal experience on their own doorstep.

It is therefore surprising that Germany still ranks 18th in the Global Climate Risk Index, which covers the years 2000 to 2019. According to this analysis, more than 10,700 people died due to extreme weather events, primarily as a result of heat waves. Adjusted for purchasing power, the economic damage averaged the equivalent of 3.54 billion euros - annually!

At the top of the list are the usual suspects - Puerto Rico, Myanmar and Haiti. But the fact that Germany also ranks so high makes these terrible figures good news from a certain point of view. For as much as developing countries are affected by weather extremes, they have little factual ability to influence them. In contrast to the rich industrialized nation of Germany.

So it's good news that this topic remains on the agenda in Germany because it affects us. And that Munich Re, the world's largest reinsurer, comes from Germany. This should increase the motivation of decision-makers and voters to tackle the issue of climate change more actively. After all, it's not about interests "at the other end of the world," but literally about our own survival. And one's own wallet. And this argument still holds water, after all.

Personal happy Moment of the Week:

Last week I had a happy moment deja vu. Remember the so-called TikTok teens who colluded on the Internet to block a Trump rally with fake pre-orders? I had to think of that when now vast numbers of small investors speculated against hedge funds - an abscess of capitalism anyway - to prevent their absurd profit-taking on corporate losses. A wonderful example of "civil disobedience." And a wonderful example of what swarm intelligence can look like in the Internet age.... :-)

As I write this...

...I look a little sadly into the rain that is washing away the beautiful snow.