Beazley introduces booking system for virtual meetings
Beazley has introduced an online booking system to enable brokers to arrange virtual appointments and share relevant documentation securely with underwriters during the coronavirus pandemic.
Employee benefits market poised for change after COVID-19
With remote working becoming the norm for many employees due to COVID-19, there has been considerable demand for a change to working practices that could shift the focus of the employee benefits market.
New covers for travel agents against cancellation
Considering impending announcements from the UK government on easing travel restrictions, ROCK Insurance Group has launched two new COVID-19 insurance policies to protect travel businesses and travel agents should customers need to cancel or postpone their trips due to coronavirus-related issues.
Japanese insurer launches remote loss prevention service
With the COVID-19 pandemic preventing professionals from travelling and performing on-site inspections at factories and warehouses, Tokio Marine & Nichido Fire Insurance has decided to offer an online-based remote loss prevention service for corporate clients as a complementary support measure.
Increase in employee-related risk due to COVID-19
A global survey carried out by ORX, an operational risk association for the financial services industry, over 160 senior risk professionals from banks and insurers has revealed that the risk landscape look nothing like what they had expected it to be in 2020 due to the coronavirus.
Great Eastern to offer cover for gig economy workers
Great Eastern, in partnership with telehealth provider Doctor Anywhere, has launched an insurance product targeted at self-employed, freelance, and gig economy workers in Singapore, in light of COVID-19.
COVID-19 highlights where automation is necessary
The insurance sector has a long history of relying on paperwork, and the balance between automation and human contact has been grappled with for several years – however, according to FinTechNZ members, the ongoing pandemic has highlighted the areas which would most benefit from change.
Sompo Japan to launch cyber cover for IoT firms
Sompo Japan Insurance is reportedly planning to launch a new cyber product by next year, designed for companies with factories exposed to the internet of things (IoT).
Cyber coverage leap in wake of COVID-19
The rise in remote working due to the COVID-19 pandemic will increase the risk of cyberattacks, giving insurers an opportunity to improve their cyber insurance penetration rate, according to analytics firm GlobalData.
Insurers need flexibility amid increasing unemployment
The COVID-19 pandemic has led to high unemployment levels globally and this means that insurance providers will struggle to convince policyholders to keep policies, said data and analytics firm GlobalData in a recent commentary.
Beazley delivers coverage for virtual events
Specialist insurer Beazley has launched a contingency policy designed to cover event organizers if a transmission failure disrupts or cancels a live virtual event.
Western Union partners with AXA to offer insurance
Two giants of their respective industries have announced a new partnership – with AXA to team up with Western Union. The move will see AXA provide insurance products to the money movement firm’s customers via its online service.
GDR listing of China Pacific Insurance raises US$1.8bn
China Pacific Insurance Group (CPIC) has been successfully listed and commenced trading on the Shanghai segment of the main market of the London Stock Exchange.
Role of infrastructure investment in emerging markets
Emerging markets will invest $2.2tn in infrastructure annually over the next 20 years, equal to 3.9% of GDP, according to estimates in the latest sigma report released by Swiss Re Institute.
Chubb and GoBear launch work from home care
As more people than ever work from home due to COVID-19, Chubb and financial services platform GoBear have launched a product that caters to the needs of telecommuting employees in Singapore.