28 June 2021
The Risk and Insurance Management Society has joined a coalition including movie companies and hospitality groups that is campaigning for a US Government-backed business interruption insurance program...
28 June 2021
The Prince of Wales says the insurance industry is “exceptionally well placed to appreciate the impact of a changing climate” and has a “unique and deep understanding of the evolving impacts and risks”...
28 June 2021
London-headquartered specialist underwriting agency CFC says its CFC Syndicate 1988 has incepted and started trading in the Lloyd’s market...
21 June 2021
UK business interruption settlements for COVID-19 related claims have reached £467.3 million, the Financial Conduct Authority says in its latest monthly update...
21 June 2021
Axa France has offered a €300 million settlement over business interruption cover to 15,000 restaurant owners affected by COVID-related trading restrictions “in the context of continuing judicial uncertainty”...
21 June 2021
A rise in ransomware claims has led to a doubling in US cyber premiums in five years while the margin for this cover “largely eroded,” Aon says...
21 June 2021
Weather forecasts indicate another above-normal North Atlantic hurricane season this year after a bumper 2020, risk modelling firm RMS says...
21 June 2021
The COVID-19 pandemic accelerated global merger and acquisition activity among broking groups last year but the sector remains relatively fragmented, UK-based consultancy Insuramore says...
21 June 2021
The highest May temperature ever recorded was clocked last month in Naryan-Mar, Russia, which is located in the Arctic Circle, as a number of climate records were broken, Aon’s latest Global Catastrophe Recap says...
21 June 2021
The global insurance protection gap for health, mortality and natural catastrophe risks has reached a new high of $US1.4 trillion amid the pandemic crisis, Swiss Re says...
21 June 2021
The insurance industry globally will likely incur about $US15-20 billion in cumulative costs to make the transition to IFRS 17, a new accounting rule that comes into effect on January 1 2023, according to a survey of 312 insurers by Willis Towers Watson...
21 June 2021
A specialised cargo insurance product launched in April by Aon for global COVID-19 vaccine shipments is a game changer for the insurance industry, according to GlobalData...
07 June 2021
A change in UK regulation around so-called “loyalty penalties” will most impact price comparison websites and encourage them to pair with insurtechs to innovate benefits beyond price, GlobalData says...
07 June 2021
Allianz has outlined further measures to hasten its withdrawal from thermal coal activity for a faster reduction of greenhouse gas emissions over the next ten years...
07 June 2021
Reinsurance broker Guy Carpenter has released its annual cyclone briefing for the Western North Pacific region, predicting the area can expect a “very active” storm season...
07 June 2021
Europe’s mutual sector has demonstrated the sustainability of its model amid an increasingly challenging operating environment, according to a new report from AM Best...
07 June 2021
Small businesses in the UK are borrowing more to pay for business insurance, premium funding company Premium Credit says...
31 May 2021
UK insurers will be banned from penalising loyal home and motor customers through their pricing practices in measures the regulator estimates will save consumers £4.2 billion over 10 years...
31 May 2021
The organisers of Dive In, the insurance industry’s long-running festival for diversity and inclusion, are planning a hybrid format combining both virtual and physical events this year, to be held September 21-23 across the world...
31 May 2021
Florida insurer profitability has continued to decline despite no hurricanes making landfall in the state during the past two years, and with a more active season looming, AM Best says...