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No mercy for the Orcs: An imaginary claim report for the fantasy movie “The Hobbit”


But Allianz experts Dr. Nils Möckelmann, consultant for special claims, and Andreas Hufgard, major claims regulator, quickly realized: “As the liability insurer of the Dwarves or the wizard Gandalf, we could easily deny cover, since the injuries and deaths were clearly intentional.” But who wants to get into an argument with a bunch of heavily armed Dwarves? Or with one of the most powerful wizards in Middle Earth? On we present the imaginary claim report for the movie. Part one: Liability losses. The second report on property da... Read More »

Dutch economic contraction slows


Slight export growth 'The contraction of the economy will further decrease in the second quarter and the slight growth in exports is very encouraging. The fact that both the French and the German economies have seen renewed growth is good for the prospects of the Dutch export sector,' the Minister said. 'For the economy to fully recover, the government needs to continue its politics of reform that will strengthen the economy and balance public finances.' According to Statistics Netherlands the economy contracted by 0.2% in this year’s sec... Read More »

Eurozone recovering faster than expected


Finland and Germany recorded the highest growth of 0.7 percent. However, there was also good news for Portugal, which, despite recent social unrest and political turmoil over its bailout programme, saw its economy grow by 1.1 percent. Meanwhile, France recorded a 0.5 percent growth rate, which will dampen concerns that the country's economy will remain stagnant in 2013. The statistics indicate that the European economy is recovering faster than expected and could post an overall growth rate for 2013. In May, the EU executive forecast that... Read More »

New UK GAAP: an up-to-date review for accountants and finance professionals


London (August 12, 2013) — As the transition date for the new UK GAAP is less than five months away, Wolters Kluwer Tax & Accounting has published a review of the new UK GAAP for accountants and finance professionals. The key expert on financial reporting standards at Wolters Kluwer is Julia Penny, chair of ICAEW's national Technical Advisory Committee and a member of the Technical Strategy Board of the Institute and of the Financial Reporting Faculty Board, and an ICAEW Council member. Julia is available for comment on UK GAAP, IFRS ... Read More »

Allianz Colombia – A little money – a big impact


Allianz SE Munich, Aug 14, 2013 After entering the market in 1999, Allianz Colombia has made a name for itself in the conventional insurance business over the past 14 years. In addition to traditional life and P&C insurance, Allianz Colombia now offers microinsurance products. The aim: Every citizen should be able to protect himself against risks regardless of his financial circumstances. Term Life & Maternity microinsurance is one of three microinsurance products that Allianz Colombia launched on the market in 2012. For the equiva... Read More »

CCH launches annual Australia and New Zealand Corporate Reporting and Compliance Survey – Benchmarks and Trends


Sydney (August 07, 2013) — CCH, a Wolters Kluwer business and global leader in tax, accounting and audit information, software and services for professionals announces today the launch of its annual Australia and New Zealand survey for Corporate Reporting and Compliance. The annual survey will benchmark the volume of stakeholders required to meet current compliance requirements, the automation and integration of technology into the compliance role, confidence and expertise in meeting compliance needs and future trend projections in the year ... Read More »

More shadow than sunshine – Findings of the GfK Consumer Climate Europe for the second quarter of 2013


Discussions in the European Union (EU) continued to be dominated by the financial crisis in the second quarter of 2013. As a result, the start of Croatia’s EU membership on 1 July was almost disregarded. The debates are increasingly focusing on the matter of how the immense debt mountains can be reduced. On this issue, there have so far been two rather different, irreconcilable opinions. On the one hand, Germany and other Northern European countries are arguing for a continued stringent austerity and consolidation course. On the other, Southern... Read More »

President Bill Clinton sees impact of ‘Banking on Change’ Programme in Tanzania


Barclays made the Clinton Global Initiative (CGI) Commitment to Action when launching Banking on Change at the CGI Annual Meeting in New York in 2009. The commitment was to improve the quality of life for poor people by enhancing, innovating and accelerating sustained access to savings and other financial services. Banking on Change is the world’s first savings-led microfinance programme that combines the deep understanding of two leading NGOs with the financial expertise of a global bank to encourage extremely poor people to begin their pat... Read More »

The Netherlands, human rights an important issue for the World Bank


‘The World Bank has extensive internal monitoring mechanisms in place to ensure that human rights are upheld,’ the minister said. ‘The report by HRW makes clear that these paper mechanisms are not always adequate in practice. The World Bank is currently revising its internal monitoring practices. The Netherlands is engaged in a dialogue with the Bank on this issue in its role as a shareholder. The recommendations contained in the HRW report are in line with our efforts on this front.’ In late 2012 the Netherlands facilitated a dialogue with ... Read More »

GSK launches $50 million venture capital fund to invest in pioneering bioelectronic medicines and technologies


GlaxoSmithKline today announced the launch of Action Potential Venture Capital (APVC) Limited, a new $50 million strategic venture capital fund that will invest in companies that pioneer bioelectronic medicines and technologies. The fund’s first investment will be in SetPoint Medical, a California company considered a trailblazer in creating implantable devices to treat inflammatory diseases. The fund complements the work of GSK’s Bioelectronics R&D unit, which was established in 2012 after a two-year effort to seek out and engage the mo... Read More »

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