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

Beirut explosion could drive $15 billion economic loss

The explosion in the Lebanese capital of Beirut might cause between US$10 and $15 billion of economic losses, according to officials

Insurers report losses in their Q2 financial results

Numerous insurers are reporting losses in their half year financial results

FCA issues warning to UK insurers over BI claims payments

Following a string of non-damage business insurance (BI) claims were filed in response to Covid-19 lockdown measures, insurers are being urged to treat their policyholders fairly, or face repercussions

Hong Kong’s insurance industry to deteriorate due to the pandemic

The economic downturn caused by the Covid-19 pandemic is going to stagnate Hong Kong’s insurance industry growth according to a study by GlobalData

Major insurers report Covid-19 losses

Insurer AIG is reporting estimated Covid-19 losses of US$458 million, while Lloyd’s underwriter reports a pre-tax loss of $138.9 million

Industry publishes Covid-19-related reinsurance losses

A number of companies have published their latest financial earnings, and while losses are high, it’s not all bad

India’s health insurance market growth

Max Bupa’s recent survey uncovers a ‘paradigm shift’ in people’s attitudes towards health insurance

WhatsApp India to launch pilot schemes in insurance

WhatsApp India’s latest foray is yet another initiative making the most of the country’s recent surge in demand for insurance offerings

Insurer sued by hotels over denied coverage

Canadian hotels have launched a class action lawsuit after being denied insurance coverage for business income lost during the Covid-19 pandemic

PartnerRe appoints new CEO as net income decreases

Global reinsurer PartnerRe has appointed Jacques Bonneau as President and CEO during a challenging time for the company, after it announced a drop in net income for Q2 of 2020

Amazon makes debut in insurance sector

Amazon Pay in India, which offers online payments through Amazon.in, will be offering insurance for two- and four-wheeler vehicles, marking its debut in the insurance sector

Europe establishes a ‘Pandemic Risk Pool’

The project, established by Italian insurer Generali and Eurochambres, is designed to foster a united front that will provide a buffer against future pandemic risks