All COVID-19 articles
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NewsEvolving black swans are making the industry nervous
Past industry action has demonstrated that insurance companies take these risks ‘very much in their stride’ - Accenture
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Covid-19 pandemic exacerbates fine art insurance’s hard market conditions
The art sector is heavily reliant on social contact, so the uncertainty of the coronavirus lockdowns have created added risks and challenges from pushing sales online
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What COVID-19 taught us about supply chain risks
News reports of supply chain disruption increased by almost 2000% following the start of the pandemic
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Allianz Insurance sees 5.6% drop in GWP due to Covid-19 impact
The insurer says the total impact of coronavirus-related business interruption claims is £175m, net of reinsurance
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Covid-driven digital shift opens door of opportunity for new brokers
The Covid-19 pandemic has fast-tracked the use of digital solutions in broking. Insurance Times explores how digital shifts during the pandemic has opened up the market for new broker opportunities
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More than a fifth of adults trust insurance firms less because of Covid-19
To rectify the negativity surrounding the business interruption test case and the resulting impact on trust in the sector, ‘there is clearly work to be done at an industry level’ says Sicsic Advisory MD
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D&O protection gap grows as rates soar
Escalating premiums and lack of capacity could see firms refusing to purchase or reducing cover, leaving senior professionals on the hook for claims
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Mental health: The next crisis
Tackling mental health is not just the right thing to do, but an essential exercise in risk management, according to International SOS’ Dr Rodrigo Rodriguez-Fernandez.
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Covid-19 impact on insurance recruitment revealed
Recruitment stats confirm economic impact of pandemic past year, but more optimistic picture painted for 2021
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Onslaught of Covid claims expected to hit CMCs as 70% see claims registered
Research by broker Gallagher also predicts the pandemic claims uptick will cause a 40% rise in litigation compared to previous years
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UnitedHealth profit slumps as COVID-19 costs mount
Their profits in the fourth quarter was also impacted by a recovery in demand for healthcare services.
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Supreme Court dismisses insurers’ appeals in BI test case ruling
Around 370,000 policyholders are set to benefit from the judgment
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Trust in travel insurers drops due to Covid-19 pandemic
Meanwhile motor claims reduced by 48% in Q2 2020
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Lloyd’s and Parsyl launch insurance initiative for distribution of COVID-19 vaccines
Public-private collaboration, including 14 global (re)insurers, addresses critical risks faced by COVID19 vaccines and other health commodities during distribution.
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Covid-19 pandemic exacerbates opioid crisis as claims surge again
With the Covid-19 pandemic still ongoing, there has been a surge in claims for opioids. Sedgwick’s senior medical officer tells Insurance Times why the situation has worsened and what the loss adjustor has been doing to tackle it
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Lloyd’s and Parsyl launch insurance initiative for distribution of COVID-19 vaccines
Ben Hubbard, CEO, Parsyl said: “By unleashing the power of data, we’re addressing a critical insurance gap when the world needs it most.”
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Aon Report highlights a path toward “The New Better” in wake of COVID-19 Pandemic
Aon has published a global report, ”Helping organisations Chart a Course to the New Better,” which presents research, regional findings and trends on how organisations have responded to the novel coronavirus (COVID-19) pandemic to date and are adapting to prepare for other emerging long-tail risks.
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EG: More than 50% of workers say working from home has negatively impacted their mental health
The results of the EG mental health survey launched in September 2020 underlines the importance of the office and the return to the workplace for individual wellbeing.
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Over half of insurance staff want to remain home working post pandemic - KPMG
Financial services employees under the age of 30 are the most keen to continue working from home on a permanent basis
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Lloyd’s pandemic losses worse than predicted, says chairman Carnegie-Brown
The insurance market previous estimated losses would be around the $107bn mark, but has revised that figure upwards
