Brokers chose Belgium to prepare for Brexit

In getting ready for Brexit, Belgium has emerged as the preferred location for an EU entity so that London brokers are able to continue to support their European clients

Telephone sales could be more lucrative than online

People would pay more for insurance over the phone if it was easier, shows a new survey

Insurers face high losses as High Court rules in favour of small businesses

Small companies in the UK will receive payouts on insurance claims during Covid-19 pandemic; and Munich Re stops selling pandemic business coverage after losses

Lloyd’s strives to ensure better cover for customers amidst Covid-19 claims losses

The insurance syndicate is facing £5 billion in Covid-related claims, but believes that the impact on individuals and businesses is the larger issue that needs to be addressed

The growth of subscription insurance

Robyn Bainbridge explores how subscription-based insurance is being adopted in today’s market, why it has such a big pull factor, and how this latest trend is likely to develop

Covid-19 accelerates a new way of doing business

A new report published by credit ratings agency AM Best reasons that Covid-19 may accelerate some long-awaited changes to the way business is transacted in the London insurance market

Will Covid-19 impact consumer trust in travel insurance?

New findings from the Chartered Insurance Institute (CII) suggest that while consumer and SME satisfaction with insurance was up at the beginning of 2020, Covid-19 may have changed that

Zurich pays out £4.5 million for Covid-19

Insurer Zurich has paid out over £4.5 million in protection claims related to Covid-19, as these claims soar by £14 million year-on-year

Saudi insurers report profit increase

Listed insurance companies in Saudi Arabia have bucked the global economic trend to report a significant leap in profits

NAIC adopts AI principles

The National Association of Insurance Commissioners (NAIC) has announced that it will be adopting guiding principles on artificial intelligence (AI) to ensure responsible implementation of AI-based systems

New partnership in Philippines set to address US$4.2 million insurance gap

Igloo, the Union Bank of the Philippines (Union Bank) and Akulaku have struck up a partnership, enabling them to offer microinsurance policies to the region

Zego becomes first insurer to partner with e-scooter company

Insurtech Zego has become the first insurer to announce a partnership with an e-scooter company for the UK’s first e-scooter trial, which highlights the greater potential for insurtechs in this…

Mercer Marsh Benefits Singapore joins forces with Aviva for mental health plan

Employee benefits consultancy company Mercer Marsh Benefits Singapore and insurer Aviva Singapore have joined forces to provide a new mental wellness plan

Swiss Re Institute estimates global insured catastrophe losses of US$31 billion

Global insured catastrophe losses are expected at US$31 billion in the first half of 2020, mostly from secondary perils, according to global re/insurer Swiss Re

Manulife Hong Kong reports growth despite Covid-19

Insurer Manulife in Hong Kong has announced its financial results for Q2 2020 and despite the pandemic, the company reported growth of eight per cent in core earnings