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Insurance Business
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- 133Across rebrands as WealthStage ad platform for finance▼FYI: 33Across becomes WealthStage, an ad platform for banks and trading apps: Lenders, brokers and insurers get an AI en
Ad-tech company 33Across has rebranded as WealthStage, repositioning itself as an advertising platform for banks, lenders, brokers, insurers and trading apps. The new business centres on an AI engine that scores household wealth, aiming to target financial products as an estimated $124 trillion passes between generations by 2048. Industry observers are asking which data feeds the engine and what parts of the business remain under the 33Across name.
- 2Lockton warns climate losses widening global insurance gap▼Lockton claims insurance gap worsening due to climate change losses
Insurance broker Lockton says the gap between climate-related losses and insured amounts is worsening, as extreme weather events drive up damages faster than coverage expands. The warning highlights growing exposure for businesses and households worldwide, and renewed pressure on insurers and governments to close the protection shortfall.
- 3EU Unveils Climate Insurance Plan To Close Protection Gap▼EU Climate Insurance Plan Takes Aim At Protection Gap
The European Union is developing a climate insurance plan aimed at narrowing the protection gap — the share of climate-related losses not covered by insurance. As extreme weather events increase across Europe, growing numbers of homes and businesses face uninsured damage. Officials hope the plan will expand coverage and improve resilience, though details of how it would work remain to be set out.