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International

Global premium hits record $7.9 trillion

19 October 2020

The value of global insurance premium stood at an all-time high of $US5.6 trillion at the end of last year after annual growth of 3.2%, Aon’s latest Insurance Risk Study says...

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AM Best backs case for pandemic risk backstop

19 October 2020

Proposed public-private partnerships are warranted for the “disastrous effects” on businesses of COVID-19, given the systemic risks posed by the pandemic, ratings company AM Best says...

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Hurricane Delta insured losses may reach $4 billion

19 October 2020

Hurricane Delta insured losses may reach $US1-3 billion after it made landfall in an area still recovering from Hurricane Laura six weeks earlier, catastrophe risk modelling firm AIR Worldwide says...

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Insurers face ‘digital reckoning’ after lagging on innovation

19 October 2020

Insurers have no choice but to upgrade their public digital experience or undermine customer loyalty as the COVID-19 pandemic presents a watershed moment for the industry, new research from consultancy Bain & Company says...

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Lloyd’s urges industry to build ‘simpler’ products

19 October 2020

Lloyd’s wants the industry to make insurance products less complex and provide customers with greater certainty...

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Swiss Re sets up insurance JV with Daimler

19 October 2020

Swiss Re has teamed up with Daimler Insurance Services – which is owned by German auto giant Daimler Group – to set up an automotive and mobility insurance joint venture...

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Lloyd’s donates to 197 charities worldwide

19 October 2020

Lloyd’s says it has donated £12 million to 197 charities worldwide since March...

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