All News articles – Page 154
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ViewpointsProgress on Europe’s pandemic insurance schemes could be rapid despite hurdles
Creating public-private pandemic insurance schemes in Europe will be tough, according to risk specialists, suggesting several years of work. But there are some encouraging signs that development could be quicker.
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People & OpinionSabre reveals new chairman
Sabre has announced that Andy Pomfret, currently the company’s senior independent director, has been selected to succeed Patrick Snowball as chairman.
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NewsNational Health Insurance Company, Daman’s Hamad Al Mehyas elevated to CEO
The National Health Insurance Company, Daman’s board of directors has announced the confirmation of Hamad Al Mehyas as the company’s Chief Executive Officer
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NewsOrigami Risk and LineSlip Join Forces to Help Risk Managers Track, Manage and Renew Worldwide Insurance Programmes
Origami Risk LLC and LineSlip Solutions, Inc. today announced they have formed an exclusive relationship that will enable Origami’s clients to readily access the critical information they need to manage their insurance programmes worldwide and effectively negotiate their commercial insurance coverages and renewals, even as market conditions evolve.
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FeaturesChartered Insurance Institute and university launch MBA in Islamic Finance
The Chartered Insurance Institute and Islamic Insurance Association of London have worked with the University of Bolton to launch an MBA in Islamic Finance (Executive).
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News1 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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NewsZurich partners with By Miles on five-year usage-based insurance proposition
The insurer has entered a five-year agreement for a usage-based insurance model with By Miles after observing a shift in consumers driving patterns during the pandemic and as lockdown unwinds.
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NewsSompo Global Risk, Marsh & McLennan Launch Commercial Real Estate Market Product
Marsh & McLennan Agency LLC (MMA) and Sompo Global Risk Solutions (GRS) have launched a new customizable insurance product designed to help commercial real estate owners control costs, streamline policy administration and address potential gaps in coverage.
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NewsARIG: Cessation of activities
The Extraordinary General Meeting (EGM) of Arab Insurance Group (ARIG), held on 13 August 2020, approved the decision of the Board of Directors to cease the company’s reinsurance activities.
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NewsTesla is to expand its insurance business in to China
Tesla is gradually starting to expand its insurance business outside of California — starting with a new business unit in China. Last year, Tesla launched its own insurance program, starting with availability in California, where the automaker claims up to 30% cheaper premiums than the competition. It’s Tesla’s second entry ...
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NewsChina’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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NewsInsurtech deals drop by 80% globally but Lloyd’s Lab still innovating
The total value of global startups and deals plummeted by 80% in 2020. However, Lloyd’s Lab demonstrates hope that there is still innovation in the sector, with the fifth insurtech cohort focusing on pandemic solutions for the insurance industry.
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NewsTeladoc’s $18.5B deal with Livongo may spur more digital health M&A
Teladoc Health Inc.’s $18.5 billion merger with Livongo Health Inc. is likely to spark further M&A activity in virtual care and telemedicine as the coronavirus pandemic continues to push patients and providers online.
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NewsJackson/Athene reinsurance deal weighs heavily on US life industry net premiums
Economic and operational challenges from COVID-19 did not represent the lone extraordinary item encountered by the U.S. life insurance industry in the second quarter. Statutory results for the period will also reflect the significant effects of a reinsurance agreement between Jackson National Life Insurance Co. and Athene Holding Ltd.’s Athene ...
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NewsInsurtech MGA Equipsme oversubscribed in crowdfunding during pandemic
The insurtech decided to crowdfund as it wanted control over its own destiny during the pandemic, and it has been oversubscribed in its crowdfunding and seen a surge in customers since March
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NewsAon urges the re/insurance industry to bring capital closer to clients’ needs as the firm launches its Virtual Reinsurance Renewal Season
Aon today launches its Virtual Reinsurance Renewal season, calling for the re/insurance industry to collaborate to bring capital closer to clients’ needs and drive growth across the global insurance ecosystem.
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NewsAllianz Benelux and Monument Re Announce Closed Book Portfolio Transaction
Allianz Benelux (Belgium) and Monument Re have agreed today to transfer a closed book of classical life retail insurances together with 4.500 mortgage loans to Monument Assurance Belgium (MAB) and to transfer the related operations within 18 months after regulatory approvals.
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NewsFrom Africa to America, businesses and insurers face survival showdowns
Businesses around the world, hamstrung by lockdowns, are facing often-existential showdowns with insurance companies that are reluctant to pay out on business interruption policy claims for a disaster unknown in living memory. The insurers say many such policies exclude pandemics, require physical damage on premises or do not apply to ...
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NewsQBE 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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NewsNexus combines acquired trade credit brokers under single Xenia brand
Xenia is aiming to become the world’s leading trade credit distributor
