All COVID-19 articles – Page 4
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Analysis
Brightside’s Derek Henry on the future of personal lines
The Covid-19 pandemic has created some big challenges for the insurance market, not least for those involved in the business interruption and event cancellation markets. In the personal lines market, however, things have been a bit more nuanced and Derek Henry, managing director of broking at Brightside, says this has ...
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News
Fitch Special Report: APAC Insurance Regulators’ Response During Coronavirus Crisis
Fitch Ratings believes the prompt response by most insurance regulators across the APAC region will help insurers weather some of their key business risks during the coronavirus crisis. Some insurers’ capitalisation, earnings and liquidity positions could come under pressure from the financial-market disruption and economic strain caused by the pandemic.
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News
Data leaks surge almost 500% during pandemic
12 billion records were exposed in the first half of 2020. More than the total number of records leaked during the whole of 2019
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Viewpoints
Briefing: Covid-19 - a ‘manageable’ global catastrophe?
A newfound wind of confidence is in the air. The catastrophic, game-changing event to end all events – namely Covid-19 – has now been relegated to a “manageable” loss. That seems to be the growing consensus among analysts and industry consultants.
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News
Chief ‘flexibility’ officer: COVID-19 forcing CFOs to become ‘change agents’ and ‘strategists’
According to a recent survey by Grant Thornton LLP, COVID-19 has forced chief financial officers (CFOs) to become “change agents” and “strategists” — while still overseeing their day-to-day finance responsibilities.
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Analysis
COVID-19: Political and economic outlook deteriorates
The COVID-19 pandemic’s economic and social impacts are driving significant shifts in global political risk - Marsh JLT Specialty
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Viewpoints
Risk managers must heed COVID supply chain lessons
Among the key lessons from the crisis, RQA Group says there will be a move towards shorter, more localised supply chains and less reliance on the Far East
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Analysis
FCA investigates 165 Covid-19 scams
The data collection exercise further revealed that the types of scams that have been popular during the Covid-19 pandemic are typically communicated using emails, phone calls, text messages, letters and social media.
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News
ICA launches BI test case in NSW Supreme Court
Outcome will be used to determine complaints arising from COVID-19 related business interruption claims
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News
Willis Research Network partners with Metabiota to expand pandemic risk expertise
The partnership will leverage Metabiota’s epidemiological data analytics capabilities to improve understanding of pandemic risk, build better pandemic risk models, and support mitigation and risk transfer decision making for increased resilience.
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News
1 In 4 Gen Z Employees Have Sought Mental Health Help Since Beginning of Pandemic
New MetLife report finds virtual fatigue, financial stressors and stigmas around getting employer-offered help as top reasons employees – younger workers, especially – are struggling with mental health
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News
China’s economic recovery makes it attractive but presents challenges to foreign insurers, says GlobalData
China has emerged as the first country globally to post positive economic growth during the COVID-19 pandemic. The country is also expected to witness continued expansion of life and non-life insurance making it an attractive market for foreign insurers.
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News
QBE gives back over £10 million to motor fleet customers affected by lockdown
QBE has rebated £10.6 million in motor premiums to date to their motor fleet customers who have taken vehicles out of service during the Covid-19 pandemic.
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Analysis
Insurers unable to hide behind parametric insurance small print, says FloodFlash’s Adam Rimmer
Although many organisations had a form of business interruption insurance within their commercial cover prior to the Covid-19 pandemic, FloodFlash co-founder Adam Rimmer tells Insurance Times how a parametric insurance model would have been the better option for this type of insurance, as ’there’s no small print for the insurer ...
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Features
Asian economies contract post COVID-19
Trade credit insurer Atradius has analysed the impact of the coronavirus pandemic on five Asian markets - India, Japan, Indonesia, Thailand and Vietnam - revealing economic contraction, sharp swings in export rates and a rise in business insolvencies.
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News
More woes for travel insurers and customers as Covid corridor to France shuts
Those travelling from France and a series of other countries will have to quarantine upon returning to the UK
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Analysis
Back to office transitions bring new risks and lessons to the insurance industry
Next month marks the return to offices for most staff in the insurance industry, but as the UK unwinds from lockdown, what risks should brokers be aware of in a post-pandemic world and will office life ever look the same again? Insurance Times investigates
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News
Business owners can sue insurer over COVID-19 losses: US judge
A federal judge in Missouri said on Wednesday that a group of hair salons and restaurants can sue their insurance carrier for business interruption losses caused by the coronavirus pandemic, which they say caused a “direct physical loss” to their premises.
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News
QBE reveals $335m Covid-19 hit in half year results
QBE has taken a $335m underwriting hit as a result of the Covid-19 pandemic over the course of the first six months of 2020.
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News
Lloyd’s Lab selects ten new InsurTechs for fifth cohort focused on COVID-19 risks
More than 140 applications were received from across the world for the fifth cohort of the Lloyd’s Lab, which begins 7 September 2020.