Allianz Australia Insurance and AWP fined $16.8 million for false or misleading statements

The matter was prosecuted by the Commonwealth Director of Public Prosecutions after investigation and referral by the Australia Securities & Investments Commission (ASIC)

Travellers warned of strike disruption at major European airports

A workers’ strike at Munich Airport, one of Germany’s busiest, began on Thursday, resulting in most flights that day being cancelled

WeatherPromise partners with JetBlue Vacations

Parametric insurance provider WeatherPromise has partnered with JetBlue Vacations to offer coverage to travellers

Aviation industry doubles down on cybersecurity

SITA’s latest Air Transport IT Insights report reveals growing focus on cybersecurity, biometrics, and sustainability to future-proof air travel

Most financial services firms lack clear AI strategy

Less than half (43%) of financial services firms have developed a clear artificial intelligence (AI) strategy, according to a survey from Forvis Mazars

Rapidly growing cyber market presents range of issues for insurers, says GlobalData

The speed at which cyber insurance is growing as a product means insurers are cautious not to overexpose themselves in a particularly risky line