South China Morning Post (SCMP) has released its China Healthcare Report 2020, which features the latest innovations and trends expected to impact the global market, as well as reforms that will reshape the country’s domestic healthcare market.
Global average commercial insurance prices rose by 19% in the second quarter of 2020, according to a new report by Marsh. The increase, the largest since Marsh’s Global Insurance Market Index was released in 2012, follows average year-over-year increases of 14% in Q1 and 11% in the fourth quarter of 2019.
The COVID-19 pandemic is a “defining moment” for the insurance industry in that it has illuminated insurers’ inefficiencies in both their inward and outward facing digital capabilities.
The 2020 Risk Maps report published by Aon in partnership with the Risk Advisory Group and Continuum Economics has revealed that the COVID-19 pandemic will likely transform the geopolitical landscape and have profound socioeconomic implications.
Swiss Re and Ping An’s OneConnect Financial Technology Co. are collaborating on a digital end-to-end solution that seeks to make motor claims faster, easier, and more accurate.
China Banking and Insurance Regulatory Commission (CBIRC) and People's Bank of China (PBOC) have proposed a draft of tighter solvency regulations for insurers.
The Hong Kong Legislative Council has passed a measure that will reduce profits tax on several insurance businesses, a move that seeks to grow the insurance sector by stimulating investment.
Dubai-based airline company Emirates is now offering an insurance product that would cover for travellers should they ever be diagnosed with COVID-19 – the first insurance of its kind to be offered by an airline.
According to Goldman Sachs Asset Management (GSAM), global insurers are looking to increase investments in commercial warehouses over office space.
With many economies reopening, economic capacity utilisation has rebounded to above 90% of pre-crisis levels as per recent insights from Swiss Re Institute (SRI) economists.
With the impact of COVID-19 accelerating the uptake of digital health services, Beazley has introduced a modular insurance policy called 'Virtual Care' in Asia to provide coverage for risks associated with such services .
Chubb has announced the launch of a work from home (WFH) insurance policy which has been tailored to enable employers to continue to care for the health, safety and well-being of their employees whilst they work remotely. The policy is said to be the first of its kind in the Asia Pacific market.
Centuries-old exchange Lloyd’s of London announced it plans to stop accepting admitted market accounts in the U.S and focus on the U.S. reinsurance and excess and surplus (E&S) insurance market.
The insurance industry is poised to overcome the COVID-19-induced global recession, according to a report by Swiss Re Institute.
Generali’s P&C unit Global Corporate & Commercial (GC&C) Iberia & LatAm has developed a new system for remote facility inspection to address the consequences of COVID-19 and to provide value-added solutions for its corporate clients.
