All Global Reinsurance articles in Online – Page 163
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NewsSwiss Re Institute estimates global insured catastrophe losses of USD 31 billion in first half of 2020, mostly from secondary perils
Global economic losses from natural catastrophes and man-made disasters in the first half of 2020 were USD 75 billion, according to Swiss Re Institute’s preliminary sigma estimates.
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NewsLloyd’s Lab selects ten new InsurTechs for fifth cohort focused on COVID-19 risks
More than 140 applications were received from across the world for the fifth cohort of the Lloyd’s Lab, which begins 7 September 2020.
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NewsSCOR collaborates with Verisk to develop the EHR Triage Engine for the US Life Underwriting Market
In an era of increased amounts of electronic data and competitive advantages of fast underwriting decisions, SCOR recently partnered with Verisk, a leading data analytics provider, to develop a new tool that helps Life insurers to fast track applications, by using data from consumer-authorised electronic health records (EHRs). ...
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NewsInsurers shine spotlight on shipping container loss incidents
The extent and pace of growth in container volumes have put strains on a wide range of operational procedures
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People & OpinionCharles Taylor Welcomes Arjun Ramdas as Chief Executive Officer of InsureTech
Charles Taylor, the leading provider of services and technology solutions to the global insurance market, has today announced that Arjun Ramdas will join the firm as Chief Executive Officer of Charles Taylor InsureTech, effective September 2nd
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Global MattersGuy Carpenter Report: Which Types of Carriers and Reinsurance Coverages are Most Impacted by COVID-19?
As the COVID-19 situation is changing on a daily basis, the impact to the insurance and reinsurance markets is not yet fully known.
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NewsFINEOS Acquires Limelight Health
FINEOS, the global market leader in core systems for life, accident and health insurance, has entered into an agreement to acquire Limelight Health, a leading North American provider of quoting, rating and underwriting solutions for group and voluntary employee benefits, for $75M US.
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NewsAPAC commercial insurance pricing up 31% in Q2
COVID-19 related losses among the factors driving up insurance pricing - Marsh
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People & OpinionChubb Appoints Paul Krump Vice Chairman, Global Underwriting and Claims
The appointment is effective September 1, and Mr. Krump will report jointly to Evan G. Greenberg, Chairman and Chief Executive Officer, and to John Keogh, Executive Vice Chairman and Chief Operating Officer.
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NewsGlobal Commercial insurance pricing up 19% in Q2 - Marsh
The increase is the largest since the index was launched in 2012 and reflects increased loss experience
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NewsMonsoon floods inflict $20 billion of damage in July
Much of the physical damage to property, infrastructure and agriculture is expected to be uninsured - Impact Forecasting
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NewsIrish regulator mirrors FCA by publishing supervisory framework to clarify Covid BI claims
The Central Bank of Ireland ‘expects firms to adopt a customer first approach to the resolution of business interruption issues’
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NewsQBE’s data-driven approach to bushfire recovery
A smart use of data analytics and the development of new technology has overhauled QBE’s catastrophe recovery process, enabling the insurer to deliver its most efficient and localised response to customers impacted by natural disasters.
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NewsAM Best Comments on Port Explosion in Beirut
AM Best is monitoring the situation in Beirut, Lebanon, following the devastating explosion at the city’s port on Tuesday, 4 August. The cause of the explosion, which resulted in many casualties and considerable damage is still under investigation. As the situation is unfolding, the likely effect on the local insurance ...
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Global MattersCOVID-19 brings intangible assets into full focus - Lloyd’s publishes report today in collaboration with KPMG
Intangible assets are an increasing proportion of companies’ balance sheets, already accounting for as much as 85% of the total business value across industries according to estimates. With the acceleration of digital business models, amplified by COVID-19, this value could now increase much further, becoming a major blind-spot for firms ...
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NewsBeirut port disaster loss to impact global insurers
Observers are drawing comparisons with the 2015 explosion in the Chinese port of Tianjin, which highlighted accumulation exposures in ports - AM Best
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NewsGRS appoints Chris Heywood as Chief Systems Architect
Global Risk Solutions, Inc., a leading provider of a diverse range of claims adjusting and environmental risk management solutions, is continuing to expand and deepen its technology capabilities with the hire of Chris Heywood as Chief Systems Architect.
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NewsEverest Re Group Reports Second Quarter 2020 Results
Everest Re Group today reported that for the three months ended June 30, 2020, net income was $190.9 million, or $4.77 per diluted common share, compared to net income of $332.9 million, or $8.15 per diluted common share, for the three months ended June 30, 2019.
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NewsCovid-19 pandemic impacts AXA’s underlying earnings
Despite the Covid-19 pandemic AXA said its “well positioned” as a group and remains resilient in these challenging circumstances
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NewsMunich Re posts good Q2 result despite high losses from COVID-19
Munich Re generated a profit of €579m (993m) in Q2 2020, and €800m (1,626m) in Q1-2. Business development was encouraging, with the exception of the drag on profit due to COVID-19-related losses totalling around €700m in Q2 and some €1.5bn in Q1-2 2020.
