Advanced economies recover after lockdown easing
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.
New cover for Asia-based digital health services
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 introduces work from home coverage
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.
Lloyd’s of London outlines ‘better fit’ strategy
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.
Insurance industry well-placed to overcome recession
The insurance industry is poised to overcome the COVID-19-induced global recession, according to a report by Swiss Re Institute.
Generali offers remote facility inspection for firms
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.
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.