All COVID-19 articles – Page 2
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News
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
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News
MetLife Foundation provides $4 million in grants to support ongoing covid-19 relief efforts
“The pandemic has compounded housing and food insecurity in our communities and continues to have an outsized impact on small businesses,” said Mike Zarcone, head of Corporate Affairs and Sustainability for MetLife and Chairman of MetLife Foundation.
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News
Insurer BI premiums insufficient for COVID losses - study
The pandemic exposed a massive protection gap in the area of business continuity risk, according to the Geneva Association and University of St Gallen
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Features
Covid-19 evolves role of the broker in insurance – Novidea
Technology now has a a bigger place in the market and this could free up time for brokers to look at more complex tasks
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News
Royal Gazette: Bermuda must work as hard to retain its existing jobs, employees and companies
Thanks to new statistics, it is possible to better gauge just how damaging the Covid-19 lockdown was to the Bermuda economy and what the prospects for economic recovery are.
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News
Digital adoption rises nearly 20% for Insurance claims, J.D. Power Finds
Insurance claimants’ use of digital technologies continues a rapid march forward. That’s the lesson property and casualty (P&C) insurers are learning as claimants have ramped up use of digital channels throughout the claims process during the pandemic. According to the inaugural J.D. Power U.S. Claims Digital Experience Study,SM released today, ...
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News
Political violence cover sees uptick in demand following Covid-19 pandemic – Talbot Underwriting
Businesses may be left under-prepared and under-insured as the lines are blurred for what constitutes a riot, protect, political violence or war
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Analysis
Briefing: A bright future, or momentary relief for the motor market?
The impact of the nationwide lockdown earlier in the year is expected to help the UK motor market return to profit once again in 2021, but with underlying problems still dogging the market, this is only anticipated to offer temporary respite for motor insurers By insight editor Matt Scott
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News
COVID-19 a “wake-up call”
Pandemic highlights the ”staggering potential” for uninsurable systemic risks, according to re/insurer Munich Re
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News
Lloyd’s announces charitable donations of £15 million in response to COVID-19
In response to the spread of COVID-19 globally, in March Lloyd’s committed to a £15m package of support for charitable organisations responding to the pandemic. To date 197 charities worldwide have received donations from Lloyd’s totalling £12 million, helping to support a wide range of organisations and ...
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News
Covid-19 to drive Lloyd's workplace innovation - John Neal
Neal said that Lloyd’s transformation is about reducing cost of doing business
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News
FERMA’s Wegener predicts “new era for risk management”
Dirk Wegener said the COVID-crisis has demonstrated the value of the risk profession - FERMA Seminar 2020
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Analysis
Opportunity for specific Covid-19 cover as SMEs fear business losses says data analytics firm
Commercial insurers may be affected as business owners could have a reduced budget for insurance if they are struggling for custom amid coronavirus recession
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Analysis
Swiss Re: Re/insurance in the Middle East and Pakistan: annual outlook and review 2020
Coronavirus has transformed the outlook for the economies and insurance industry in the Middle East and Pakistan, with recession expected this year. We expect the economic recovery to start in mid-2021, although downside risks include a resurgence in COVID-19 cases, new government lockdown measures, lower-for-longer oil prices and a low ...
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News
Allianz: How Covid-19 is changing claims trends and risk exposures for companies and their insurers
The Covid-19 pandemic is one of the largest economic loss events in history for companies and insurers alike. However, it’s not only the magnitude of the impact which is unprecedented. Claims trends and risk exposures are likely to evolve in both the mid- and long-term as a result of the ...
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News
Briefing: Covid-19 is making things complicated for personal lines insurers
Consumers are craving simple products in the wake of the Covid-19 pandemic, but at the same time they want products that are adjustable and tailored to their needs. This means insurers need to find the right balance when designing their products, but that is easier said than done By insight ...
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News
COVID-19 Adds to Challenges for Bahrain’s Fragmented Insurance Market
COVID-19-driven financial market volatility is expected to negatively impact solvency levels of Bahraini insurers this year, according to a new AM Best special report, adding to the challenges faced by the kingdom’s (re)insurance sector — the smallest among the Gulf Cooperation Council (GCC) countries.
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News
EC3 Brokers calls on government to become ‘insurer of last resort’ for live events
The broker has called on the government to become the insurer of last resort for the sports and entertainment industry and warns of the potential ’carnage’ on the UK’s economy if these venues cannot get the insurance they need to operate
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News
Bupa Global launches new Executive Wellbeing Index
Today Bupa Global has launched its Executive Wellbeing Index, the first report of its kind to look at the impact of the coronavirus pandemic on global business leaders and wealth creators who will shape the post-COVID world. The new research, commissioned among almost 2,000 high net worth individuals (HNWIs) and ...
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News
Best’s Market Segment Report: MENA Reinsurers Strive to Adapt to Testing Conditions
Regional reinsurers operating in the Middle East and North Africa (MENA) are no strangers to challenging operating conditions. In recent years, the region’s reinsurance market has been characterised by competitive pricing pressures, overcapacity and increased incidence of large losses.