12 October 2020
S&P Global Ratings has warned most reinsurers will find it challenging to transit to International Financial Reporting Standards 17, the new accounting rule that is set to come into force on January 1 2023...
05 October 2020
Infectious disease and pandemics have replaced climate change in a new survey of the most pressing global risks...
05 October 2020
The UK High Court has allowed a fast-track process for appeal applications that may be lodged following the business interruption test case that it decided last month...
05 October 2020
US-based broker Gallagher was forced to take its entire global systems offline as a precautionary measure after a ransomware attack last month...
05 October 2020
Chris Townsend will join Allianz in January, taking on the Board of Management role in charge of Global Insurance Lines, the insurer announced last week...
05 October 2020
The catastrophe bond market returned to strong growth last financial year despite some impact from the COVID-19 outbreak, Aon Securities says in an annual review of insurance-linked securities...
05 October 2020
Lloyd’s has launched a new business interruption policy which it says is the first off-the-shelf parametric IT downtime policy tailored towards SMEs...
28 September 2020
The UK Financial Conduct Authority expects new laws to ban pricing practices that disadvantage loyal customers will take effect next year as part of a proposed package of reforms...
28 September 2020
The coronavirus pandemic has highlighted the need for insurers to review enterprise risk management frameworks and guard against complacency, AM Best has warned...
28 September 2020
Price comparison websites will become even more popular in insurance as consumers look for savings wherever possible as economies enter recession amid the COVID-19 pandemic, GlobalData says...
28 September 2020
Just over half of global GDP, equal to $US41.7 trillion, is dependent on high-functioning biodiversity and ecosystem services such as pollination and climate regulation, the Swiss Re Institute’s new Biodiversity and Ecosystem Services Index reveals...
28 September 2020
Zurich will sponsor an eight-year reforestation project in Brazil to convert barren farmland back into native forest...
28 September 2020
Swiss Re has announced further changes to the legal entity structure of the group, with Swiss Reinsurance Company to be made the sole direct wholly owned operating subsidiary of the business...
21 September 2020
The Financial Conduct Authority has urged UK insurers to consider steps they can take to progress business interruption claims following a High Court test case judgment that it says backed policyholders “on the majority of key issues”...
21 September 2020
Hurricane Sally is likely to cause significant losses for the US National Flood Insurance Program after dumping torrential rain over Alabama and the Florida Panhandle, AM Best says...
21 September 2020
The merger of Aon and Willis Towers Watson is a “once-in-a-generation combination” that will create an entity with the skills and resources to meet clients’ rapidly complex needs in a post-COVID world...
21 September 2020
The post-COVID landscape could see increased collaboration among insurers, insurtechs and Big Tech, Capgemini says in a new study...
21 September 2020
Slight increases in demand are likely through January reinsurance renewals as insurers face heightened risk and volatility and pressure from rating agencies, Aon’s latest Reinsurance Market Outlook says...
21 September 2020
Zurich has expanded its natural hazards risk advisory service to include climate change to help businesses better prepare and support customers to become more sustainable...
21 September 2020
The property loss record for mining appears to be improving, Willis Towers Watson says, rebounding after a series of “disastrous losses” in the previous two years...