San Francisco Fed leader Daly likely not major player in SVB saga, officials say

San Francisco Fed leader Daly likely not major player in SVB saga, officials say

San Francisco Fed President Mary Daly, who has been criticized for experiencing the second-largest bank failure in U.S. history in her district, would not normally have been a key figure in the supervision of Silicon Valley banks. , several former and current Fed officials told CNBC. . The highly centralized design of the Fed’s oversight…

Finland cleared to join Nato as Turkish parliament backs accession

Finland cleared to join Nato as Turkish parliament backs accession

Finland has cleared the last major hurdle to try to join NATO after the Turkish parliament approved the joining of the Nordic countries to the Western Military Alliance. The General Assembly, which is dominated by a coalition led by President Recep Tayyip Erdogan’s ruling Justice and Development Party, voted just before midnight on Thursday to…

What does the metaverse mean for insurers? | Insurance Blog

What does the metaverse mean for insurers? | Insurance Blog

The Metaverse is a buzzing concept all over the world and its applications are being imagined in every industry. However, until recently, the actual emergence of the Metaverse and its implications for the future were unknown. The newly released Insurance Tech Vision for 2022 contains valuable and timely insights for insurers not only defining the…

China’s banking troubles not the same as Silicon Valley Bank: economist

China’s banking troubles not the same as Silicon Valley Bank: economist

The offices of Silicon Valley Bank in Tempe, Arizona on March 14, 2023. – In hindsight, before last week’s epic collapse of Silicon Valley banks, there were warning signs that not only investors but bank regulators missed. Why the oversight failed remains a hot question among banking experts, with some focusing on the weakness of…

Donald Trump indicted on criminal charges in New York

Donald Trump indicted on criminal charges in New York

Donald Trump has been indicted after years of investigation by Manhattan prosecutors led to the first criminal charges against a former U.S. president in the history of the country. “President Trump has been indicted. He has not committed any crimes. said in a statement. The district attorney’s office confirmed the indictment, said it remained sealed,…

Putting agents first in embedded insurance | Insurance Blog

Putting agents first in embedded insurance | Insurance Blog

Product design, including technology and architectural features, lays the foundation for a carrier’s success in the embedded insurance space, and strategic use of agents dramatically increases the likelihood of embedded product success. increase. We believe agents can play a key role in embedded insurance sales, drive sales, and capture cross-sell and up-sell opportunities. In my…

How insurers can channel the power of Web3 | Insurance Blog

How insurers can channel the power of Web3 | Insurance Blog

As technology bridges the gap between reality and virtuality, it’s more important than ever for operators to consider how their customers’ needs (and their ability to meet them) evolve. The recent Accenture Insurance Technology Vision 2022 outlines how the metaverse continuum will impact the industry over the next decade. One of the key trends that…

How to address the urgent insurance workforce gap with technology | Insurance Blog

How to address the urgent insurance workforce gap with technology | Insurance Blog

The insurance industry is experiencing a growing talent shortage. While this challenge has been anticipated, much of the discussion on solutions is often generalized to the entire workforce. But not every job will be impacted in the same way. As insurers grow, some functions will need more support, while others will be better primed to…

Switzerland to revive talks with EU on forging closer ties

Switzerland to revive talks with EU on forging closer ties

Switzerland has announced plans to resume diplomatic talks with the EU after a two-year hiatus that cast doubt on its future economic and political relationship with the EU. Bern said it was allowing diplomats to prepare formal negotiating powers to resume negotiations this summer on a deal that could stabilize trade ties in exchange for…