Fast Cover wins insurance innovation award
Fast Cover Travel Insurance has won this year’s Finder Award for “Best Insurance Innovation”.
China launches insurance blockchain innovation centre
Late October saw the launch of China's first 'Insurance Blockchain Innovation Centre (IBIC)' on the sidelines of the second Lujiazui International Reinsurance Conference. The centre was jointly established by the Shanghai Insurance Exchange (SIE).
Marine insurers take on uncharted Arctic risks
According to a Reuters report, the Arctic Ocean has been seeing a rise in commercial voyages recently as many cargo vessels venturing between Europe and Asia opt to ply this route because of the potentially huge savings they can make. The situation is posing a challenge to several marine insurance companies that are forced to navigate uncharted liability issues.
Insurers expect COVID crisis to change industry
More than 60% of senior insurance executives in Australia and the Asia Pacific believe business models will need to be reinvented post-COVID, according to a survey by global investment giant BlackRock.
North P&I looking to boost route risk advice
The international marine insurer North P&I Club is looking to provide with its new routing risk advice digital tool, in order to offer a clearer view of the hazards that seafarers may face before they set sail.
Australia updates unfair contract term protection
The Australian Securities and Investments Commission (ASIC) has updated its information sheets on unfair insurance contract terms protections for consumers and small businesses, following the government’s enactment of the Financial Sector Reform Act 2020.
The real value of insurance brokers
The National Insurance Brokers Association of Australia (NIBA) – engaged Deloitte Access Economics to produce a report on the economic value of the insurance broking industry. The report described and quantified the elements that comprise the industry’s value: To customers, insurers, the economy, governments and broader society.
APAC catastrophes highlight importance of reinsurance
Over the past two years, the Asia-Pacific insurance industry has seen a slew of extreme weather events, compounded with the unprecedented disruption caused by the COVID-19 pandemic. These, according to a report by S&P Global Ratings, have made reinsurance more important and, unfortunately, more costly.
Interbrand releases Best Global Brands 2020 report
It’s once again time to reveal the world’s top 100 brands, courtesy of the Interbrand Best Global Brands Ranking.
West of England P&I creates marine information platform
Marine insurer West of England P&I has introduced a new global information platform. Known as Neptune, the portal is designed to provide operational, security and bunker information across ports globally and deliver information to club members.