28 September 2020
Price comparison websites will become even more popular in insurance as consumers look for savings wherever possible as economies enter recession amid the COVID-19 pandemic, GlobalData says...
28 September 2020
Just over half of global GDP, equal to $US41.7 trillion, is dependent on high-functioning biodiversity and ecosystem services such as pollination and climate regulation, the Swiss Re Institute’s new Biodiversity and Ecosystem Services Index reveals...
28 September 2020
Zurich will sponsor an eight-year reforestation project in Brazil to convert barren farmland back into native forest...
28 September 2020
Swiss Re has announced further changes to the legal entity structure of the group, with Swiss Reinsurance Company to be made the sole direct wholly owned operating subsidiary of the business...
21 September 2020
The Financial Conduct Authority has urged UK insurers to consider steps they can take to progress business interruption claims following a High Court test case judgment that it says backed policyholders “on the majority of key issues”...
21 September 2020
Hurricane Sally is likely to cause significant losses for the US National Flood Insurance Program after dumping torrential rain over Alabama and the Florida Panhandle, AM Best says...
21 September 2020
The merger of Aon and Willis Towers Watson is a “once-in-a-generation combination” that will create an entity with the skills and resources to meet clients’ rapidly complex needs in a post-COVID world...
21 September 2020
The post-COVID landscape could see increased collaboration among insurers, insurtechs and Big Tech, Capgemini says in a new study...
21 September 2020
Slight increases in demand are likely through January reinsurance renewals as insurers face heightened risk and volatility and pressure from rating agencies, Aon’s latest Reinsurance Market Outlook says...
21 September 2020
Zurich has expanded its natural hazards risk advisory service to include climate change to help businesses better prepare and support customers to become more sustainable...
21 September 2020
The property loss record for mining appears to be improving, Willis Towers Watson says, rebounding after a series of “disastrous losses” in the previous two years...
21 September 2020
Swiss Re has introduced a triple-digit internal carbon levy of $US100 per tonne of carbon dioxide to support transition to a low-carbon economy and net-zero emissions in its operations by 2030...
14 September 2020
Moody’s has cut the reinsurance sector outlook to negative from stable despite the best pricing environment in over a decade, as the industry faces low interest rates and uncertainty around ultimate pandemic-related losses...
14 September 2020
The judgment on the UK’s COVID-19 business interruption test case should be handed down tomorrow...
14 September 2020
Lloyd’s sank into a pre-tax loss of £438 million for the six months to June, as £2.4 billion in pandemic claims after reinsurance recoveries took a toll on earnings...
14 September 2020
Swiss Re has forecast prices will continue to rise in the next renewals season as adverse risk and interest rate trends are exacerbated by the coronavirus pandemic...
14 September 2020
Munich Re says state-backed pools should be created to cover future pandemics and says more focus is needed on other major risks such as cyber threats and climate change...
14 September 2020
A police officer and an employee at a claims management firm featured among 107,000 fraudulent insurance claims detected in the UK last year...
14 September 2020
Global insurance premium growth will be flat “at best” as nearly every country in the world experiences economic recession or decline caused by the COVID-19 pandemic, the New York-based Insurance Information Institute says...
14 September 2020
Nine tropical cyclones made landfall in August, leaving a trail of damages in the region of at least $US20 billion ($27 billion), according to Aon’s latest monthly Global Catastrophe Recap report...