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.
Manulife launches virtual face-to-face sales platform
Manulife Hong Kong has launched virtual face-to-face agency sales platform, allows customers to discuss and purchase insurance products with its agents through a secure video chat sales platform.
Aon bolsters tool to combat cybersecurity threats
With COVID-19 restrictions triggering a rise in businesses implementing work-from-home arrangements, Aon plc has decided to expand the scope of its cyber risk assessment platform, CyQu Enterprise, to address increased cyber vulnerabilities brought about by remote work.
Ransomware incidents spike 25% in Q1
There was a 25% spike in ransomware attacks in the first quarter of 2020 over Q4 2019, according to specialist insurer Beazley. The figure is based on incidents reported to Beazley’s in-house breach response team, Beazley Breach Response (BBR) Services.
Lloyd’s market launches e-placing API
Lloyd’s announced the launch of an application program interface (API), which is designed to help London market brokers and underwriters place business electronically.
Longer-term impacts of COVID-19
As COVID-19 wreaks havoc worldwide, businesses focus on the short-term impacts of the pandemic, with their top concerns being whether they’ll be able to meet payroll and pay next month’s rent. Other medium- and longer-term impacts of the coronavirus pandemic are very much “tomorrow’s problem”.
UK forms reinsurance scheme for trade credit insurers
The UK government has created a £10 billion (US$12.5 billion) reinsurance scheme to help business-to-business transactions maintain credit insurance protection against customer defaults or payment delays during the COVID-19 pandemic.
Employers responsible for remote work injury
Employees injured while working from home must be compensated by employers, Singapore Minister of State for Manpower Zaqy Mohamad said in Parliament on June 04.
China Pacific Insurance gets green light for London listing
China Pacific Insurance is reportedly pushing through with its planned London listing via a Sino-British stock link scheme, despite the volatility in financial markets caused by the COVID-19 pandemic.
COVID-19 to have significant impact on power sector
The pressures exerted by the COVID-19 pandemic on workforce availability and maintaining supply chains are proving challenging to the power sector, according to a report by Willis Towers Watson.