News – Page 134
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NewsMunich Re posts quarterly result of approx. €200m
In the third quarter, Munich Re registered COVID-19-related losses totalling about €800m in reinsurance. The losses were attributable to various business lines, such as insurance for major events and other property-casualty lines, and the life and health business.
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NewsFord and Verisk collaborate to offer telematics data to insurers
Verisk, a data analytics provider, announced that Ford Motor Company has joined the Verisk Data Exchange™. Owners of eligible Ford and Lincoln vehicles will soon have easy access to usage-based insurance programs from the many U.S. auto insurers that connect to the Exchange—including three of the ten largest U.S. carriers.
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NewsInsurtech Honcho takes on the Big Apple
Honcho is one of two UK insurtechs to be selected by the US based accelerator
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NewsInsurance sector ‘unprepared’ for pandemic – Convex’s Stephen Catlin
The Convex chairman and chief exec questions how the insurance industry can help at a time when government resources are overstretched and the pandemic ongoing
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NewsColdplay bassist and others have called on the government to back an insurance scheme for the events sector
Coldplay bassist Guy Berryman and ex-Dragon’s Den star Sarah Willingham have called on the government to back an insurance scheme for the events sector, similar to one already up-and-running for film and TV production. Business heavyweights including Links of London founder John Ayton and Notonthehighstreet founder Holly Tucker have signed ...
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NewsCombined Insurance launches new online accident product
Combined Insurance, a Chubb company, announced today the launch of a new online accident insurance product for individuals and families. The new digital offering comes at a critical time when more people need access to extra insurance coverage, and the ability to shop and purchase in a virtual and safe ...
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NewsLiberty Mutual Selects CoreLogic for Deployment of New Property Estimation Platform
CoreLogic today announced that Liberty Mutual Insurance, a global leader in the property and casualty insurance market, has selected CoreLogic for deploying a next-generation, cloud-based property estimation platform to further position itself as a leader in the property insurance market. “To continue to meet customer expectations well into the future, ...
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People & OpinionSandra Wijnberg joins Hippo’s board of directors
Hippo, the high-growth insurtech group, announced today that Sandra Wijnberg has joined its board of directors as an independent director and will serve as its audit chair. Ms. Wijnberg brings experience in insurance, private equity and board governance to Hippo. She currently serves as audit committee chair of Automatic Data ...
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NewsAM Best’s Insurance Market Briefing - MENA to Examine Current Trends and Their Future Impact
AM Best’s annual Insurance Market Briefing - MENA will be held as a complimentary webinar on 3 November 2020, at 14:00 hours, Gulf Standard Time (GST), to discuss the (re)insurance markets of the region.
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NewsMAPFRE and Paris-based startup Shift Technology come together to create state-if-the-art claims solution
The Spanish insurer is designing a new claims process supported by claims automation technology from the recognised AI startup.
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NewsBoE: Climate disclosures will become mandatory
Setting out pathways to mandatory TCFD disclosures should be a “priority” for public authorities, according to the Bank of England
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NewsWide area damage principle is key to quantifying BI claims
An uptick in COVID-related BI claims is expected following the UK FCA test case, primarily from the hospitality sector
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NewsCOVID-19 a “wake-up call”
Pandemic highlights the ”staggering potential” for uninsurable systemic risks, according to re/insurer Munich Re
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NewsApril Queensland hailstorm claims reach A$604m
The largest hail impact was recorded in Rockhampton and Yeppoon, where the storms caused extensive damage
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NewsTerrorism pools focus on systemic risk
New and emerging threats in the terrorism landscape, including the emerging CBRN threat and hostile cyber, were discussed during the virtual event
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NewsBerkshire Hathaway Specialty Insurance Introduces D&O Liability and Professional Indemnity Policies in Dubai
Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has finalized proprietary Directors & Officers (D&O) Liability and Professional Indemnity (PI) policy wordings for customers in the UAE and throughout the Middle East.
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NewsReuters: Telefonica to team up with Allianz for €5 billion investment in Germany: Expansion
Spanish telecom giant Telefonica is readying an alliance with the private equity arm of German insurer Allianz to finance a 5 billion euro infrastructure investment in Germany, Spanish newspaper Expansion said on Monday.
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NewsUK: Telematics policies fall in lockdown
A perfect storm of cancelled driving tests, the challenges of black box installation during lockdown and a push by pay-as-you-drive providers meant that telematics providers were arguably worse affected by Covid-19 measures.
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People & OpinionTony Rooke joins Willis Towers Watson’s Climate and Resilience Hub as Director of Climate Transition Risk
Willis Towers Watson has announced the appointment of Tony Rooke as Director of Climate Transition Risk in the organisation’s Climate and Resilience Hub (CRH). With many Government’s announcing net-zero carbon targets to align with the Paris Agreement, and financial regulators and investors demanding more climate disclosures, companies need strategic advice ...
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NewsAsia Pacific health care benefit cost increases expected to jump by 8.5% in 2021, Willis Towers Watson survey finds
Employer-sponsored health care benefit costs are expected to increase by 8.5% in Asia Pacific (APAC) in 2021 following a year in which the COVID-19 pandemic has had a significant impact on health care utilisation and overall costs, according to a survey of medical insurers by Willis Towers Watson (NASDAQ: WLTW), ...
