All News articles – Page 3
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NewsPPPs needed to insure systemic risk
Future climate and systemic risks remain a key challenge - Insurance Development Forum
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Sompo International announces partnership with Flock
This partnership supports the future of unmanned aviation by increasing the availability of critical insurance needed for emerging use-cases, like drone cargo deliveries, flying taxi passenger flights and drone swarm shows.
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Insurers complicit in ransomware rise - warning
Insurers are inadvertently funding organised crime by covering ransom payments, says former NCSC chief
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Covid-19 impact on insurance recruitment revealed
Recruitment stats confirm economic impact of pandemic past year, but more optimistic picture painted for 2021
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FloodFlash pays Storm Christoph catastrophe claim in 9 hours 44 minutes
It means that policyholders can be paid their claim on the same day
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Lloyd’s offers AI-enabled reputational risk cover
A group of Lloyd’s insurers are providing artificial intelligence-enabled tools to help policyholders control their corporate brand and reputation more effectively.
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Zurich warns of ‘double disaster’ as Storm Christoph batters England and Wales amid pandemic
Storm Christoph has raged through England and Wales, adding further strain on the UK as it battles the ongoing coronavirus pandemic. Some insurance industry experts, however, have stepped in to offer support, advice and a solution
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Onslaught of Covid claims expected to hit CMCs as 70% see claims registered
Research by broker Gallagher also predicts the pandemic claims uptick will cause a 40% rise in litigation compared to previous years
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Aviva commercial lines MD to join Lloyd’s in newly created role
Lloyd’s of London has appointed Patrick Tiernan, currently Aviva’s managing director of UK commercial lines and global corporate and speciality, as its chief of markets – a newly created role.
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AkinovA becomes the first new regulated Insurance Marketplace for 150 Years
Bermuda has both the largest Insurance Linked Securities (ILS) and captive insurance sector globally and boasts one of the world’s largest reinsurance markets.
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Onus is on insurance industry to improve transparency and reduce expectation gap - CII
Expert panel says there are clear business benefits in ‘taking this bull by the horns’
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Climate change to transform renewable risk landscape
Renewable Energy Market Review January 2021 - The energy transition: risks and challenges
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UnitedHealth profit slumps as COVID-19 costs mount
Their profits in the fourth quarter was also impacted by a recovery in demand for healthcare services.
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US braces for Inauguration Day violence
The FBI warns of violence ahead of Joe Biden’s Presidential inauguration, but heightened security may defer the risk
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Briefing: Bitcoin … rat poison squared or exciting for insurance?
Bitcoin has enjoyed huge returns, making many rich. But can insurance help in this daring new world of cyrptocurrencies
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Quarter of a billion worth of claimant damages stuck in litigation process – Zurich
Road traffic accident claimants are having to wait for more than a year before being heard in court, finds the insurer’s analysis
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Group Ark Insurance has been assigned a financial strength rating of A (Excellent) by AM Best
AM Best said: “The ratings reflect Ark’s consolidated balance sheet strength, which AM Best categorises as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management, and are based on the group’s five-year business plan.
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Charles Taylor expands U.S. TPA and IMS through acquisition of Aegis Corporation
Aegis provides risk pools and self-insureds with customized insurance and claims management programs focused on the unique needs of public entities and municipal organisations.
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Bulgaria’s Power Distribution North signs 3.5 mln euro deal with Generali Insurance
Power Distribution North operates 26 power substations and power lines with a total length of over 43,000 km over a territory of nearly 30,000 sq m in northeastern Bulgaria.
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AnaCap makes growth investment in German insurance broker MRH Trowe
Mid-market private equity investor AnaCap Financial Partners (AnaCap) has made a significant growth investment into MRH Trowe (MRHT), an owner managed top-10 commercial lines insurance broker in Germany.
