All News articles – Page 136
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NewsZurich launches dedicated Climate Change Resilience Service
Zurich today announced the launch of its Climate Change Resilience Services to help businesses better prepare for current and future risks associated with climate change.
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NewsChina’s general insurance industry growth to slow down in 2020 due to COVID-19, says GlobalData
The China’s general insurance industry is forecast to grow by 3.8% in 2020, compared to 5.7% registered in 2019, according to GlobalData, a leading data and analytics company.
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NewsPolicyholders need to home in on balance sheets to take advantage of test case verdict
Although claims preparations can now go ‘full steam ahead’ following the publication of the High Court’s ruling, projected profits and losses must be considered for quantum purposes
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NewsClimate change and ESG transforming mining risk
Mining companies must incorporate ESG, above all climate change into their risk mitigation strategies in order to survive in the future - WTW
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NewsCOVID-19: Mid-market firms hit by social engineering
Cybercriminals targeted businesses that remained open during lockdown, making them more susceptible to cyber attack
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NewsFrance is Next For Lemonade’s European Expansion
Lemonade plans to make its new multi-risk insurance available in France by the end of 2020, but French residents can already sign up for the waitlist now. This marks the third European country to get Lemonade, following the Netherlands’ launch earlier this year, and Germany in June 2019. Upon launch, ...
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NewsLloyd’s of London backs FCA BI test case ruling
Lloyd’s of London has welcomed the FCA test case ruling as it will “bring coverage clarity for many policyholders with certain non-damage business interruption cover extensions. This is according to a statement released by Lloyd’s.
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NewsMetLife Digital Accelerator Partners with 10 Startups to Develop Financial Wellness and Engagement Solutions
MetLife announced its third annual class of startups to participate in the MetLife Digital Accelerator powered by Techstars. The Accelerator supports MetLife’s strategic approach to technology and innovation by working with external partners to simplify and create differentiated experiences for our customers.
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NewsAXA XL Unveils Comprehensive Disaster Recovery Report by Cambridge Centre for Risk Studies
AXA XL, in collaboration with the Centre for Risk Studies (“CCRS”) at Cambridge Judge Business School, has released a comprehensive report demonstrating the impact that (re)insurance has on the speed and quality of recovery following natural disasters.
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NewsZego partners with Swedish e-scooter operator ahead of UK roll out
Zego has teamed up with a Swedish e-scooter operator as the insurtech gears up to roll out its rental vehicles in the UK. Brokered by Marsh, Zego will provide insurance for the Swedish e-scooter company’s UK fleet
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NewsCII urges industry to develop an approach to pandemics to avoid further test case scenarios
The professional body says that building trust across the industry is a ‘key concern’
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NewsDARAG announces transfer of reinsurance business with Axeria Re
DARAG, a leading legacy acquirer, today announced the conclusion of the transfer of reinsurance business with the Maltese reinsurer Axeria Re – part of the April Group – and the original insurer located in France. The transfer of reinsurance business delivers economic, operational and legal effect to Axeria Re. The ...
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NewsHigh Court rules in favour of FCA for majority of Covid-related BI wording interpretations
Policyholders who had business interruption (BI) claims linked to the coronavirus pandemic but rejected by insurers have today been vindicated, as the High Court has ruled in favour of the FCA’s interpretation of non-damage BI policy wordings across the majority of key contention areas.
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NewsInsurance lines in UK need to adapt as remote working is here to stay, says GlobalData
More than two thirds of small and mid-size enterprises (SMEs) in the UK expect that remote-working levels will be higher than before the COVID-19 period, which will have lasting consequences on the insurance industry.
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NewsInsurance industry must find ‘right’ capital management strategy to navigate losses
The insurance industry must find the “right” capital management strategy to navigate losses. One driver for this is social inflation, however the change in legal environment, different mindsets in juries, third party claims and medical advancements have all made claims increase.
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NewsCatalina appoints new CEOs to Swiss and Bermudian subsidiaries
Catalina Holdings (Bermuda) Ltd announces the appointment of Claudia Ingenhoven as CEO of Glacier Re, Catalina’s Swiss subsidiary, effective from 19th August 2020, and Sarah Ruberry as CEO of Catalina General, Catalina’s flagship Bermuda-based reinsurer, effective from early November. Claudia most recently served as Chief Financial Officer of iptiQ EMEA ...
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NewsBusiness interruption test case judgement will not be the ‘final word’
An appeal on the judgement delivered for the test case on non-damage business interruption (BI) policy wordings and their interpretation for Covid-19-related claims tomorrow is “inevitable” – Plexus Law partner Andrew Crocombe thinks that early 2021 is the more likely deadline for a “final word” on the matter, once the ...
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NewsAmazon prepares to enter motor insurance market
Amazon is preparing to enter the motorcycle and car insurance market. Its entry into the market will help shift consumer expectations about buying insurance products from non-traditional players.
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NewsSlovenian woman cuts off own hand in insurance fraud attempt
A 22-year-old Slovenian woman has been sentenced to two years in prison for cutting off her own hand with a circular saw in order to make fraudulent insurance claims amounting to €380,000, reported the Metro. Julija Adlesic was said to have staged the incident alongside three others – this includes ...
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NewsLloyd’s John Neal reflects on ‘huge impact’ of pandemic but commends market’s achievements
To return Lloyd’s of London to long-term, sustainable profitability, its good progress to date must be maintained. This was the message that Lloyd’s chief executive John Neal delivered during a virtual press briefing yesterday afternoon as he reflected on Lloyd’s progress, despite the “huge impact” that the pandemic has had ...
