Climate change impacting renewable energy risk landscape
Global insurance brokerage, risk advisory and solutions company, Willis Towers Watson (WTW), has urged risk managers to respond to an evolving risk landscape prompted by climate change.
Shipping insurers to raise rates after Red Sea attacks
Insurers may raise rates to cover merchant ships passing through the Red Sea after a series of attacks on vessels around Saudi Arabian waters.
Sedgwick reveals major industry trends
Sedgwick has released its Drive to Thrive in 2021 report highlighting this year's major insurance industry trends and issues that employers, brokers, carriers, risk management, and human resources professionals should focus on to remain steady amid the unstable environment.
Aon introduces fuel price insurance
Aon has announced the launch of a new fuel insurance product designed to help shipping and aviation companies protect against rising fuel costs.
The importance of technology for healthcare in Asia
A study conducted by Prudential Corporation Asia and the Economist Intelligence Unit (EIU) has found that digital health technologies offer an unprecedented opportunity to improve access to healthcare in Asia.
Willis Towers Watson unveils new version of modeller
Willis Towers Watson (WTW) has announced the launch of a new version of RiskAgility Financial Modeller, its financial modelling and reporting software for life insurers. RiskAgility FM 3.0 provides life and health insurers with a new calculation approach to actuarial modelling, with run times typically 10 times faster than current software.
Insolvency claims against directors, officers to increase
While many have celebrated the start of the New Year filled with hope, one expert believes that 2021 will be difficult for directors, officers, and their advisers due to a projected increase in insolvency claims against them.
Top 10 world’s largest insurance companies in 2020
AM Best has ranked the US’s UnitedHealth Group and Germany’s Allianz as the world’s largest insurers.
Aviva to cover side effects of COVID-19 vaccinations
Aviva Singapore has announced that its health insurance products will automatically cover side effects arising from the COVID-19 vaccination, at no additional premium.
The biggest challenge for marine insurance claims managers
Speed of process is the biggest challenge facing marine insurance claims managers, according to new research from Marine Judge, an AI-driven marine insurance platform.
Global insurance protection gap rises to $5.78tn
The global insurance protection gap (IPG) for the total market (life and non-life) has risen to $5.78tn- 70.8% in the life segment and 29.2% for the non-life segment - according to the updated edition of MAPFRE Global Insurance Potential Index (MAPFRE GIP) 2020.
Insurance industry gets positive outlook after tough year
HX, the data and analytics division of Howden Group Holdings, has announced the release of its Q3 2020 insurance sector earnings update, focusing on COVID-19, capital, catastrophes, and pricing.
Willis Towers Watson launches new automaker insurance
Willis Towers Watson has enhanced its casualty offering for automotive manufacturers in Asia. Dubbed as a five-in-one insurance solution, it covers general liability, product liability to product guarantee, product recall from first- and third-party, and financial loss relating to product recalls.
Reputation is one of the most valuable intangible assets
Reputation is one of the most valuable intangible assets to global businesses, according to a report by Lloyd’s and KPMG. The reputational risk landscape has changed significantly over the last decade, as businesses’ risk profiles evolved rapidly across all industries.
Brokerslink works with Swiss Re on new platform
Global broking business Brokerslink has announced the launch of a dedicated international insurance program management platform to drive the growth and digitalisation of its international portfolio.