insuranceNEWS.com.au https://www.insurancenews.com.au/ General insurance and financial services news from Australia and around the world en-au admin@insurancenews.com.au Copyright 2020 Insurance will outperform with V-shaped recovery: Swiss Re https://www.insurancenews.com.au/international/insurance-will-outperform-with-v-shaped-recovery-swiss-re https://www.insurancenews.com.au/international/insurance-will-outperform-with-v-shaped-recovery-swiss-re Global insurance premium volumes will recover to pre COVID-19 crisis levels next year, underpinned by a strong rebound in China and other emerging economies, Swiss Re says...

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UK action on loyalty penalties 'benefitting millions' https://www.insurancenews.com.au/international/uk-action-on-loyalty-penalties-benefitting-millions https://www.insurancenews.com.au/international/uk-action-on-loyalty-penalties-benefitting-millions UK insurers and brokers say industry action to prevent loyal customers being disadvantaged by renewal pricing increases is delivering improved results for long-term policyholders...

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Chubb wants government-backed BI 'before the next pandemic' https://www.insurancenews.com.au/international/chubb-wants-government-backed-bi-before-the-next-pandemic https://www.insurancenews.com.au/international/chubb-wants-government-backed-bi-before-the-next-pandemic Global insurer Chubb wants a business interruption facility backed by US Government reinsurance that would be similar to terrorism measures introduced after the 9/11 attacks...

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June weather pushes up global catastrophes bill https://www.insurancenews.com.au/international/june-weather-pushes-up-global-catastrophes-bill https://www.insurancenews.com.au/international/june-weather-pushes-up-global-catastrophes-bill A June 13 hailstorm in the Calgary metro region is one of Canada’s most expensive thunderstorm-related events on record, Aon’s Global Catastrophe Recap report says...

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Chubb flags $2 billion hit from virus claims https://www.insurancenews.com.au/international/chubb-flags-2-billion-hit-from-virus-claims https://www.insurancenews.com.au/international/chubb-flags-2-billion-hit-from-virus-claims Chubb has warned of a $US1.37 billion hit in pre-tax pandemic losses ahead of the release of its second quarter financial results later this month on July 28...

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