COVID-19-related restrictions on supply chains and international travel have serious implications for the maritime industry, according to a new report by Allianz Global Corporate & Specialty (AGCS).
Remote workers have been targeted by up to 65,00 Google-branded impersonation attacks, according to a new study from cybersecurity specialist Barracuda Networks. This type of scam, called “spear phishing,” uses branded sites to trick victims into sharing their login credentials.
There are not many green shoots of hope for the insurance industry amid the coronavirus pandemic. Perhaps it’s some small consolation for the industry that at least one product appears to have received a boost from the pandemic – warranty & indemnity (W&I) insurance in M&A.
After witnessing several years of decreases, commercial insurance buyers are facing rate increases not seen in almost two decades. Industry experts expect price hikes to double for some premiums as insurers try to mitigate the impact the coronavirus on their revenue.
With business interruption (BI) insurance claims across Europe being rejected amidst coronavirus lockdowns, the Federation of European Risk Management (FERMA) has called upon the European Commission to create an EU resilience framework for catastrophic risks such as the current pandemic.
The CBIRC has drawn up a plan to promote the development of online property and casualty insurance business over the next two years, Shanghai Securities News has reported.
Insurance brokers play a vital role in addressing adequate coverage and several other factors constraining growth in the cyber insurance market, suggests a new report by CyberCube.
It has been a strong start to 2020 for insurance giant Aviva – albeit with more than a cautionary word or two about what may be around the corner amid the COVID-19 pandemic.
ARTE Generali, Generali Group’s business unit that provides art insurance to collectors, has unveiled a new app, which offers remote evaluation of artworks.
As the reinsurance sector continues to take a hit from the COVID-19 crisis and other factors, S&P Global’s latest report has revised its sector outlook from stable to negative.
