Zoom video login details have been hacked
Hackers put more than half a million login details for the teleconferencing app Zoom on the dark web, sale at 1 pence (1.25 cents) each, the Sunday Times newspaper reported.
COVID-19 heightens demand for insurance
Over a quarter of respondents in four Asia-Pacific markets have expressed worries about their financial situation during and after the COVID-19 pandemic, while many have identified insurance as a ‘must have’, according to a survey by Swiss Re.
Willis debuts marine-focused cyber product
Willis Towers Watson has released a new cyber insurance product in Asia, designed specifically for shipowners, as the maritime industry in the region moves to keep up with incoming regulatory changes.
AXIS Capital estimates Coronavirus-related claims in Q1
AXIS Capital Holdings Ltd. announced an estimated net claims provision of $300 million, pre-tax, for the first quarter related to catastrophe and other weather-related events. This amount includes estimated pre-tax claims of $235 million for the COVID-19 pandemic.
Ping An group joins Principles for Sustainable Insurance
Ping An Insurance Group is the first company in mainland China has become a signatory to the Principles for Sustainable Insurance (PSI), a global sustainability framework of United Nations Environment Programme Finance Initiative.
Beazley reveals impact of COVID-19 on its Q1 results
Accompanying the release of global insurer Beazley Plc’s trading statement for the three months ended March 31, 2020, a statement from CEO, Andrew Horton, highlighted the unprecedented nature of the events seen in the first quarter and noted that the impact of this pandemic is still being assessed.
Risks from Chinese new business interruption insurance
At the direction of the Chinese government, domestic insurers started selling business interruption insurance to cover Chinese enterprises against disruptions from the coronavirus outbreak. Fitch Ratings cautions that the move could pose risks to the underwriting stability of property and casualty insurers.
AXA boosts telehealth services in Asia
As part of its efforts to support people dealing with social distancing, lockdowns, and isolation during the spread of COVID-19, AXA has expanded its telehealth and online service offerings.
Swiss Re opens access to Life Guide
In response to the COVID-19 outbreak, Swiss Re is opening access to its proprietary Life Guide underwriting manual – what it deems the industry’s number one global underwriting manual – to all life and health insurers for 90 days from April 27 to July 31.
Arch’s estimated COVID-19 losses could hit $145 million
Arch Capital Group Ltd. said its estimated pre-tax losses for claims incurred due to the COVID-19 pandemic could reach $145 million.