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.
China’s insurance sector records growth in assets
China’s insurance sector has seen steady growth in its total assets for the first nine months of the year, according to the China Insurance and Banking Regulatory Commission (CBIRC).
Internal failures most frequent cause of cyber claims
While companies should fear cyberattacks from external bad actors, a new analysis by Allianz Global Corporate & Specialty (AGCS) has revealed that it’s employee mistakes and technical issues that are to blame for the majority of cyber claims.
Singapore provide COVID-19 insurance for travellers
Visitors to Singapore will now be able to purchase inbound travel insurance for COVID-19 related costs incurred while in the country.
Aon launches capital advisory unit for re/insurers
Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions, has launched an Asia Pacific Capital Advisory unit within Reinsurance Solutions to deliver a holistic approach to capital optimisation for re/insurers.