News – Page 153
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NewsLockton to Roll Out CyberCube’s Broking Manager
Lockton, the world’s largest independent broker, is rolling out CyberCube’s Broking Manager, the cyber risks analytics platform for insurance intermediaries. The business has over 100 offices in over 125 countries. CyberCube has designed and tailored Broking Manager specifically to the needs of the insurance broking community. It offers a streamlined ...
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ViewpointsLloyd’s sets out recommendations for building simpler insurance products in response to COVID-19
Lloyd’s today published a new report, Building simpler insurance products to better protect customers, which sets out a number of ways the global insurance industry could remove complexity and provide enhanced coverage clarity for their customers.
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NewsFERMA: Trust with insurers has been eroded
Service quality and relationships are being deteriorated as the commercial insurance market hardens, say panellists
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NewsFirst Spanish Insurer uses AI to assess vehicle damage
For the first time, an insurer in Spain – Admiral Seguros, the Spanish subsidiary of global insurer Admiral - is using Artificial Intelligence (AI) to create damage valuations and to generate an offer of immediate payment on damaged vehicles. To do this, Admiral Seguros is using an AI solution, ...
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NewsFERMA’s Wegener predicts “new era for risk management”
Dirk Wegener said the COVID-crisis has demonstrated the value of the risk profession - FERMA Seminar 2020
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NewsMental health: QBE research reveals employee mistrust
One in four UK employees are hiding mental health challenges from their employers, finds QBE
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NewsInsurance industry takes ‘more holistic view’ to preservation of the building versus life
Using timber within construction is a greener solution for the environment, despite it being combustible and - in turn - higher risk. However, since the insurance industry is now taking a ’more holistic view’, should it also start thinking ‘out of the box’ to address these risks?
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NewsMost insurance CFOs planning to automate 5-20% of finance controls – EY
Automating financial controls could save insurers money and make room for more complex tasks, says EY
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NewsInsured loss from Delta projected to run at $2billion
Storm-weary coastal Louisiana residents who fled from the path of Hurricane Delta in recent days streamed back to their homes on Sunday to face cleanup and repairs from the second hurricane to batter their state over the past six weeks. Insured losses from Delta were projected to run to $2 ...
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NewsReuters: As the world races into vaccine trials, insurers remain unfazed
The world is racing towards a vaccine in record time, stirring public concerns about safety to the extent that nine leading developers have felt compelled to issue a pledge to uphold scientific standards and testing rigour. Yet, while more than 40 experimental COVID-19 vaccines are being tested on humans, the ...
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NewsArgoGlobal announces agreement on RITC transaction with RiverStone
ArgoGlobal, the Lloyd’s insurer and member of Argo Group, today announced a reinsurance-to-close (RITC) transaction with legacy specialist RiverStone. Upon completion of the transaction, RiverStone will undertake an RITC of ArgoGlobal’s Syndicate 1200 for 2017 and prior years with net technical provisions of £356 million.
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NewsSwiss Re and Daimler launch new company Movinx to transform automotive and mobility insurance business
Swiss Re and Daimler Insurance Services have entered into a strategic partnership for automotive and mobility insurance and launched a new company called Movinx. Both shareholders of the 50/50 joint venture will leverage their complementary expertise to establish a new business model. The aim is to develop fully digital automotive ...
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People & OpinionChubb appoints Nandini Mani to lead claims for international general insurance business
Chubb announced today that Nandini Mani has been appointed Executive Vice President, Claims for Overseas General Insurance, the company’s international general insurance business in 51 countries and territories.
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NewsZurich expands corporate travel insurance proposition
Zurich is expanding its business travel product and services. The enhanced offering includes a larger international servicing network, broader insurance coverage and new capabilities to support travelers and risk managers through technology.
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AnalysisSwiss Re: Re/insurance in the Middle East and Pakistan: annual outlook and review 2020
Coronavirus has transformed the outlook for the economies and insurance industry in the Middle East and Pakistan, with recession expected this year. We expect the economic recovery to start in mid-2021, although downside risks include a resurgence in COVID-19 cases, new government lockdown measures, lower-for-longer oil prices and a low ...
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NewsUnited States Olympic and Paralympic Committee (USOPC) suing insurers for holding up Nassar settlement talks
The United States Olympic and Paralympic Committee (USOPC) said on Friday it has filed a lawsuit against its insurance providers for failing to fulfill obligations in reaching a settlement with survivors of the Larry Nassar sexual abuse scandal. The USOPC is suing 11 insurers, including units of Chubb Ltd and ...
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NewsHurricane Delta weakens after churning into storm-battered Louisiana
Hurricane Delta weakened steadily on Friday after churning into a corner of southwestern Louisiana repeatedly battered by storms this year, sending residents scurrying out of harm’s way and disrupting Gulf Coast energy production.
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NewsBeazley launches international cyber & breach response broker portal
Specialist insurer Beazley has launched a cyber & breach response portal containing an all-encompassing set of resources designed to help broker partners and coverholders stay informed and educated on the constantly evolving cyber risk landscape. Once registered, brokers will have unlimited access to a vast suite of information – from ...
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People & OpinionCII appoints Aon UK chief executive as new president
At the professional body’s annual general meeting today, the CII also confirmed a new deputy president
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NewsInsurers need to ‘get to grips’ with timber to progress construction’s net zero targets
Brokers can play a key role as educators to support the construction sector to use more timber in a bid to reduce carbon emissions
