News – Page 129
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NewsCovid-19 pandemic accelerates ‘slow burn of digitalisation’ in insurance by tapping data
In a recent webinar, BGC’s managing director discussed how data can change the insurance industry
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NewsArgo Group and ACORD Solutions Group partner to enable automated data extraction and processing of insurance documents
ACORD Data Standards are widely used throughout the insurance industry, accounting for half of global gross written premium.
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NewsQIC Group appoints new CEO for Oman Qatar Insurance Company to drive forward strategic developments
This step comes in line with QIC Group’s consistent strategic approach that aims to focus on identifying local talent and empowering them to spearhead key developments within the QIC Group
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NewsQBE joins the UN-Convened Net-Zero Asset Owner Alliance
The UN-convened Net-Zero Asset Owner Alliance is an international group of institutional investors who are committed to transitioning their investment portfolios to net-zero greenhouse gas emissions by 2050.
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NewsElectric vehicle prices are main barrier to PM’s green ambitions
Insurer LV= advocates the use of ‘fiscal incentives’ to encourage drivers to switch to electric vehicles
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NewsMetLife Foundation provides $4 million in grants to support ongoing covid-19 relief efforts
“The pandemic has compounded housing and food insecurity in our communities and continues to have an outsized impact on small businesses,” said Mike Zarcone, head of Corporate Affairs and Sustainability for MetLife and Chairman of MetLife Foundation.
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NewsPartnerRe reports third quarter and nine month 2020 Results
PartnerRe today reported net income available to common shareholder of $206 million for the third quarter of 2020
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NewsCrawford and Company actively seek ‘bolt-on’ acquisitions
Its overall aim is to create long-term value for its shareholders
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NewsIndia’s insurance platform Turtlemint raises $30 million
Only a fraction of India’s 1.3 billion people currently have access to insurance. Insurance products had reached less than 3% of the population as of 2017, according to rating agency ICRA.
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NewsEnstar to sell Starstone Lloyd’s managing agency to newly formed venture Inigo
Enstar, Stone Point and Dowling funds will receive $30 million of consideration from the sale of SUL in the form of Inigo shares upon closing.
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NewsIota considered the strongest hurricane in history to hit Nicaragua, government says
More than 400,000 people in Nicaragua were affected by the storm as it made landfall near Haulover, Tuesday as a Category 4 storm with maximum sustained winds near 155 mph, according to the NHC.
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NewsRe/insurers recognise the importance of ESG strategies but struggling to implement them: AM Best
A proper understanding and integration of environmental, social and governance (ESG) factors is increasingly critical to the long-term viability of re/insurance companies, according to research by AM Best.
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NewsCameroon Re, new reinsurance company
The project to set up a Cameroonian reinsurance company, initiated in 2019, has been finalised
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NewsConvex secures another $1bn of equity capital
Convex Group has secured commitments for an additional $1 billion of equity capital, subject to the requisite regulatory approvals
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NewsZurich puts environmental and social goals at heart of impact investment strategy
Zurich becomes first large institutional investor to prioritise the environmental and social goals of its impact investment portfolio
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NewsNew digital car insurance in the UAE rewards motorists for driving safely
UAE drivers can now win rewards such as free meals, discounted hotel stays and gym membership for driving safetly.
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NewsSouth African court rules insurer Santam should pay hotel group’s virus-related claim
Globally, firms like Ma-Afrika, forced to close under coronavirus restrictions, have been fighting the rejection of claims made under business interruption policies. In South Africa, insurers say these policies did not apply to government lockdowns.
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NewsInsurers are trying to escape COVID-19 liability, watchdog tells UK Supreme Court
Tuesday’s hearing focused on how insurance law clauses, such as a so-called “but for” test, disease, composite peril, prevention of access and trends, should be applied in the case.
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NewsPartnership to build Bermudian talent in re/insurance
Albert Benchimol, chief executive officer of Axis Capital and chairman of Abir, said: “Abir member companies serve global communities, while being committed to building their talent pipeline of new re/insurance leaders in Bermuda.
