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Plan to ease the pension pressure By DONG MEI | China Daily | Updated: 2021-01-18 08:19 SHI YU/CHINA DAILY China aims to develop the world's largest multilayered system China's pension system has been continuously developed since its launch in 1951, with a focus mainly on public pensions. Through seven decades of development, China has made impressive strides in retirement payments, with a public pension coverage of almost 960 million people in 2019. However, the size of the pension in China is still relatively small, mainly due to a lack of a private pensio...

CME Group (NASDAQ: CME), the world's leading and most diverse derivatives marketplace, and IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, today announced that

(Photo credit: Shashank457/CC license) ZAGREB, Dec 5 (Hina) – As in June, in its latest report of December 4, Fitch Ratings affirmed Croatia’s long-term foreign-currency issuer default rating (IDR) at BBB-, assessing the outlook as stable. In its June report, the agency said it expected the Croatian economy to contract by 8.4% this year while in its latest report it forecasts a GDP drop of 9%. Despite better-than-expected tourism results, the worsened forecast for GDP decline is due to a deteriorated epidemiological situation, which has resulted in a drop in household consumption and se...

Argo Group International Holdings Ltd.: Argo Group Announces Sale of its Italian Business Argo Group International Holdings, Ltd. (NYSE: ARGO), an underwriter of specialty insurance products, today announced an agreement to sell its Italian operations, ArgoGlobal Assicurazioni S.p.A ("AGA") to Perfuturo Capital AG ("Perfuturo"), a Swiss Holding Company. Perfuturo is fully owned by Philantra Holding AG a green, technology and renewable energy specialist. Closing of the transaction is subject to regulatory approval and is expected to occur in early 2021. "We are confident that Perfuturo's exper...

Deutsche Rück Licences Kovrr's Financial Cyber Risk Quantification Platform Deutsche Rück is implementing an innovative approach developed by Kovrr to validate their cyber risk modeling Kovrr, a cyber risk modeling company, today announced that they will collaborate with Deutsche Rück, an international reinsurer and leading reinsurer in Germany, to support Deutsche Rück's own cyber risk modeling by implementing the Kovrr platform to validate analyses. Kovrr's solution provides (re)insurers fully optimized models built bottom-up, utilizing data that closely corresponds to risk composition ...