Premier of Bermuda: ‘Global minimum tax is anti-competitive’

By |december 6th, 2019|Bermuda, Brexit, David Burt, FinTech, Insurance, News, tax havens|

Bermuda wants to leave behind its reputation as a tax haven to become a Fintech hub. In an interview with EURACTIV.com, the premier of the UK’s overseas territory, David Burt, said the island could come out of the EU’s 'grey list' of tax havens early next year. But he criticised a global minimum tax as he praised tax competition among countries.

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Should the EU embrace artificial intelligence, or fear it?

By |december 4th, 2019|artificial intelligence, data privacy, data protection, GDPR, Insurance, insurance company, News, Robots|

Advances in machine learning are progressing rapidly, and governments are struggling to keep up. The EU has emerged as the world’s regulator in this space, but some fear it's stifling European innovation.

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‘Risk data hub’ to enhance EU resilience to climate hazards

By |november 7th, 2018|big data, civil protection mechanism, climate adaptation, Climate Change, climate risk, flooding, floods, Insurance, natural disasters, News|

The European Commission is preparing to launch a “risk data hub” in the coming months that will help map out loss and damage from natural disasters such as floods, droughts, storms and other extreme weather events that are becoming more frequent with climate change.

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Formula One at risk from new EU insurance rules?

By |junij 4th, 2018|Formula One, Insurance, News|

Motorsport’s governing body, the FIA, is concerned that a European Commission update to rules on motor insurance could be “highly detrimental” to sports like Formula One, as it could leave race events dependent on the whims of insurance companies.

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Tech industry and consumer watchdogs at odds over robot liability

By |maj 7th, 2018|artificial intelligence, consumer protection, Elżbieta Bieńkowska, Holger Kunze, Insurance, liability, Mady Delvaux, Monique Goyens, News, robotics, Robots|

Tech industry groups and consumer watchdogs are at odds over whether the European Commission should overhaul the bloc’s legislation on product liability to cover robots and artificial intelligence.

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UK watchdog calls for finance pact with EU to avoid Brexit chaos

By |februar 6th, 2018|banking sector, Brexit, City of London, financial services, Insurance, News, trade|

British and European Union watchdogs could sign a pact to avoid Brexit disrupting trillions of pounds in cross-border financial contracts and undermine market stability, a top UK regulator said yesterday (5 February).

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EU guidelines would help cyber insurance industry, agency says

By |november 16th, 2017|certification, cyberattacks, Cybersecurity, ENISA, hacking, Insurance, insurance policy, News|

EU and national legislators should draft guidelines outlining what kind of damage from hacking should be covered under cyber insurance, the EU cybersecurity agency ENISA has said.

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Paris attracts biggest US insurer after Brexit

By |september 12th, 2017|banking, Brexit, brexodus, Chubb, Édouard Philippe, HSBC, Insurance, job loss, News|

America's largest general insurance provider announced it will move operations to France after the UK leaves the EU. EURACTIV’s partner La Tribune reports.

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Irish insurance companies raided by Commission officials

By |julij 5th, 2017|Cartels, Insurance, Ireland, Leo Varadkar, Margrethe Vestager, News|

European Commission competition officials on Tuesday (4 July) raided the offices of a number of companies that provide motor insurance in the Republic of Ireland, as part of an ongoing investigation into allegations of anti-competitive behaviour.

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Fifteen countries ask for EU legislation on data flows

By |maj 2nd, 2017|big data, cross-border data flows, data collection, data localisation, data ownership, free flow of data, Insurance, liability, News|

Ministers from 15 EU countries have asked the European Commission to focus on removing barriers to digital trade one week before the executive presents a mid-term review of its flagship Digital Single Market policies.

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