All News articles – Page 128
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NewsHard market to prompt captive growth
Firming commercial insurance prices and impacts from COVID-19 could present opportunities for the captive insurance segment - AM Best
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NewsHiscox ups Covid reserving in face of ‘largest insured loss in history’
Hiscox revised its reserving upwards alongside taking into account potential business interruption payouts; the insurer believes its exposure to Covid-related BI claims could be between £10m and £250m
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NewsLancashire falls to $23m H1 loss as Covid-19 claims hit hard
The insurer increased its loss estimate for Covid-19 to $42m
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NewsNat cats cost global economy $75 billion in 1H 2020
Insurers paid out $30+ billion due to natural catastrophes in the first six months of the year
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NewsEmerging markets face “unparalleled” civil unrest
In India and Hong Kong, pre-existing grievances centre around political rights are likely to inflame protests - Verisk Maplecroft
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NewsFintech Baloon raises 1.8 million euros to accelerate its deployment in Africa
Baloon, leader in digital brokerage in French-speaking Africa, today announces a new round of funding of 1.8 million euros with its historical investors to support its development in the 3 new countries where it has launched. Created in 2017, Baloon develops personal insurance in French-speaking Africa through digital. By surfing ...
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NewsFirms must change cyber security approach
The traditional approach to cyber security must be replaced by something that is more user-centric - Aon and CyberCube
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NewsLloyd’s calls for industry and government collaboration to mitigate future systemic risks post-Covid19
Lloyd’s of London is calling for close collaboration between insurers, brokers, customers, the global industry and government in designing cover for future systemic risks, which it says are complex.
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NewsCovid-19 is the ‘watershed moment’ to improve cyber insurance penetration
Swiss Re detailed the recent history of the cyber insurance market during its virtual media day last week, highlighting how the coronavirus crisis has affected the market and how the pandemic could aid the product’s penetration…
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NewsTotus Re bags 30 sign ups since mid-May
The open collective is now looking for others that are interested in the model to join the conversation
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NewsUS riots a “catastrophe” event - PCS
The riots have become the first PCS-designated riot catastrophe event covering more than one state
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NewsUK Pandemic Re group appoints Amber Rudd
Jon Dye, chairman of ABI and CEO of Allianz Insurance, has also agreed to join the UK Pandemic Re Steering Group
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NewsBriefing: Aon, Marsh, reinsurers - they will greatly benefit in the post-covid world
Shutdown risk will be a defining feature in companies risk mitigation planning - and insurers, reinsurers and brokers will take advantage
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NewsWide area damage test could be insurers’ ace for refusing coronavirus BI claims
Professional services firm Marsh explores whether this argument could ‘extinguish Covid-19 claims recovery’
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NewsTaking a fresh approach with Charles Taylor InsureTech
GR spoke to chief commercial officer Tony Russell to see how the world of insurtech is changing, and how his business is tearing up the rulebook
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NewsSenior level decisions amid Covid-19 could spark fresh class action
Marsh discussed some exclusions that may arise and legal issues during its briefing on the pandemic last week
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NewsWorking from home hard to implement for some businesses during Covid-19
In a briefing last week, Marsh also revealed the four areas that businesses should prioritise during this global outbreak including regular communication with staff
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NewsGuy Carpenter and RiskGenius announce collaboration to revolutionize silent cyber analysis
Guy Carpenter announced today that it has entered into a strategic relationship with RiskGenius, to revolutionise the detection and qualitative analysis of silent cyber exposure across various lines of business.
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NewsCovered California releases the first national projection of the coronavirus (covid-19) pandemic’s cost to millions of Americans with employer or individual insurance coverage
Covered California on Monday released the first national projection of health care costs due to the coronavirus (COVID-19) pandemic. The analysis estimates the projected costs for 170 million Americans in the commercial market — which includes the individual, small-group and large-group markets — for testing, treatment and care specifically related ...
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NewsInsured property market loss from Storm Ciara estimated at €1.5bn
Claims data from affected insurers shows that Germany was the country most impacted
