Indian consumers increasingly buy insurance digitally

A survey by reinsurer Swiss Re highlighted an increasing trend among Indian consumers to buy insurance digitally, especially through payment apps

AXA Greece sold to Generali

Insurer AXA has entered into an agreement with Generali to sell its insurance operations in Greece

Insurers come together to distribute Covid-19 vaccine

Insurers Lloyd’s and Parsyl, Inc. have launched the Global Health Risk Facility (GHRF), to help protect and support the global distribution of Covid-19 vaccines

Zurich set for $4-billion takeover of MetLife’s P&C insurance unit

Zurich’s FGI and the Farmers Exchanges have agreed to purchase MetLife’s US property and casualty (P&C) business for US$3.94 billion – a move that will support Zurich’s growth targets for…

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

Addressing the customer protection gap

The UK-based Chartered Insurance Institute (CII) has a released a new guide on how to close the ‘gap’ between what customers expect of their insurance products and what they are…

China, the US and India rank top in insurance potential

Data from MAPFRE Economics reveals that these countries have the highest insurance potential, both in the Life and Non-Life lines, in the medium- and long-term

Losses for Munich Re in 2020

Munich Re’s reinsurance operation is due to face €3.4 billion of Covid-19 losses this year. The company estimates its overall profit forecast will be down €1.5 billion from last year’s

AXA sheds Gulf insurance operations

Global insurer AXA has entered into an agreement with Gulf Insurance Group (GIG) to sell its holdings in the Gulf region in an effort to ‘simplify’ its operations

Government-backed re-insurance put on hold

A proposal to create a government-backed pandemic insurance scheme Pandemic Re in Britain has been put on the back burner; meanwhile, insurers across the world are asking governments for help

RSA takeover to split the business in two

Two overseas buyers are due to takeover the 300-year-old insurer in a £7.2-billion deal

Covid-19 insurance losses higher than predicted

Insurer Lloyd’s of London said the high insurance losses are due to the pandemic lasting longer than expected

Covid-19 has accelerated fraud protection

A 2020 study by FRISS reveals how the pandemic has changed insurers’ priorities