01 June 2020
Insurers already embattled by high COVID-19 based payouts will come under further strain as 2020 progresses from economic recession, market volatility and natural catastrophe claims, says GlobalData...
25 May 2020
S&P has lowered its outlook on global reinsurers to negative from stable, saying COVID-19 has pushed the sector "farther out on thin ice"...
25 May 2020
The Association of British Insurers has warned hospitality trade groups that underwriters cannot afford to make "goodwill gesture" compensation payments outside policy terms for business interruption...
25 May 2020
The British Insurance Brokers' Association has slammed a "headline-grabbing" report by consultancy Mactavish which questions current remuneration structures...
25 May 2020
Forecasters at the US-based National Oceanic and Atmospheric Administration expect an “above normal” Atlantic hurricane season...
25 May 2020
Fear of a prolonged global recession has topped concerns in a World Economic Forum COVID-19 risk perception survey conducted in partnership with Marsh & McLennan and Zurich...
25 May 2020
Insurers will step up the use of drones, which proved to be a valuable tool in aiding the industry during the virus-imposed lockdown, London-based consultancy GlobalData says...
18 May 2020
Lloyd’s estimates global underwriting losses from COVID-19 will reach $US107 billion this year, making it the biggest claims year the industry has seen...
18 May 2020
The UK’s Financial Conduct Authority has outlined temporary measures for insurers to help their customers experiencing financial difficulty due to COVID-19, including premium reductions, discounts, waiving fees, and payment deferrals...
18 May 2020
The UK Government will temporarily guarantee trade credit insurance to assist businesses having trouble maintaining cover - part of its program to shore-up economic recovery prospects following impacts from coronavirus pandemic lockdowns...
18 May 2020
The UK Financial Conduct Authority is calling on brokers and insurance clients to provide information on issues they want a High Court business interruption test case to address...
18 May 2020
Berkshire Hathaway Specialty Insurance has added Defence Base Act insurance to its portfolio of products...
11 May 2020
US insurers and reinsurers writing business interruption cover could have their capital cut by as much as half if legislators impose policy changes on carriers that would see them forced to pay for two months of coronavirus-related claims, AM Best says...
11 May 2020
UK brokers have outlined a number of areas where the industry would need external support from insurers to help clients overcome the pandemic fallout...
11 May 2020
Zurich Insurance Group has created two new roles in its Commercial Insurance Underwriting unit, a move it says will deliver improved efficiency across the business...
11 May 2020
The COVID-19 pandemic will create unprecedented catastrophe losses for insurers, AIG says...
11 May 2020
Global investment in insurtechs fell 54% in the first quarter as reinsurer participation dropped, with the coronavirus pandemic being seen as the "likely culprit" behind fewer deals and a significantly lower overall amount raised...
11 May 2020
Munich Re has reported pandemic-related claims of €800 million pushed up its man-made loss bill to €973 million in the first quarter from €283 million a year earlier...
11 May 2020
German insurer Talanx says the coronavirus pandemic has hit its first-quarter underwriting and investment results, with lockdowns causing large numbers of business closures and cancelled insured events...
11 May 2020
A lack of insurance capacity for cryptoassets and blockchain is holding back these innovative industries, according to new US insurer Evertas...