All News articles – Page 17
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Perth Hills bushfires declared a catastrophe
Bushfires in the north-east Perth Hills region have so far destroyed 81 homes, with insurers receiving over 270 claims worth $40m
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Reinsurer secured pandemic protection before Covid-19 crisis
The world was caught unprepared by the Covid-19 pandemic, however a Bermudian-based reinsurer secured some pandemic coverage protection only weeks before the coronavirus health emergency unfolded.
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Dubai Insurance Co. has numbers to back its return to growth
Its general insurance lines could see gains from an upcoming economy upturn
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Hard market is ‘biggest opportunity we have’ – McGill and Partners
The broker’s head of structured solutions admits that he lives ‘on tension and strain in the market’ in order to drive product innovation
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Irish High Court rules against insurer FBD in Covid-linked BI claims case
The ruling could impact claims made by around 1,000 Irish pubs and restaurants
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Why UAE economy is positioned for strong post-COVID transformation?
The UAE economy poised for a fast recovery from the impact of COVID-19 and an overall transformation, according to the Institute International Finance.
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Blaser launches new global specialty insurer
Mosaic, which will target complex risks and use cutting-edge technology to maximise efficiency, is basing its head office and an underwriting operation on the island.
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The Hartford announces Q4, 2020 financial results and 2021 Outlook
“We have been through one of the most turbulent years in recent history, which was shaped by the COVID-19 pandemic, the economic shutdown, social unrest and a significant number of catastrophe events. Despite these challenges we delivered strong core earnings of $2.1 billion, or $5.78 per diluted share, and a ...
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Talanx generates solid net income of EUR 673 million in 2020 despite coronavirus pandemic
Coronavirus claims expenses totaling EUR 1.5 billion were incurred in the industrial insurance and reinsurance and Retail Germany areas in particular. Without these claims resulting from the historic global pandemic the Talanx Group would have exceeded last year’s record results.
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Global commercial insurance Pricing up 22% in Q4 - Marsh
Although the global index increased 22%, the index shows that price increases may be starting to plateau for some lines of insurance in certain geographies.
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Ardonagh snaps up Lloyd’s professional indemnity broker
Although the transaction is still subject to regulatory approval, on completion it will see the broker become part of the wider Ardonagh Advisory platform
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Briefing: Risk registers need a revamp to be ready for a working world post-Covid-19
Insurance needs to play a bigger role in responding to risk flexibly moving forward
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Insurance sector is in ‘a digital arms race’ – Salesforce
The industry needs to get better at using data for cross-selling and upselling opportunities, according to expert panel
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Swiss Re and Diameter Health join forces for breakthrough in digital health data
Swiss Re and Diameter Health join forces to offer first-ever scalable solution to use electronic clinical health data for life insurance underwriting.
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Pandemic’s second wave threatens to derail Dubai’s tourism surge
Dubai, one of the few destinations open to international travellers since July, has yet to impose the toughest restrictions after record daily infections in the UAE, in the hope that vaccinations will spare a repeat of last year’s lockdown.
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Ping An Insurance annual profit drops for first time since 2008
The insurer reported a 4.2% drop in annual net profit, in part due to a slowdown in agent sales.
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Vaccination delay could cost EU economy 90 bln euros - Allianz study
The EU faces a potential 90 billion euro ($108.19 billion) hit to its economy this year unless it catches up with the pace of COVID-19 vaccinations in other regions, a study showed on Wednesday.
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Cyber insurers see ‘strong growth’ for coverage after spate of online scams amid lockdown
Despite this, insurers must have adequate capacity to cover evolving cyber fraud
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AM Best: UK Commercial Property Insurers Looking Beyond Difficult 2020
Disputes around non-damage business interruption (BI) cover, which made 2020 a difficult year for U.K. commercial property insurers, should subside in 2021.