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.
With COVID-19 pandemic sweeping virtually every nation across the globe, most organisations are adjusting to employees working from home. However, the majority of the employees use their own internet connections which increases their vulnerability to...
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...
The Wimbledon tennis tournament had the foresight to buy around £1.5 million (US$1.9 million) per year in pandemic insurance following the SARS outbreak in 2003, said GlobalData in a recent bulletin.
The economic impact of COVID-19 has worsened sharply, posing a challenge to insurers’ financial resiliency. This could lead to targeted downgrades or outlook changes for Asia-Pacific insurers over the coming weeks, according to S&P.
Delaying the Olympics is likely to cost insurers much less than canceling the Tokyo Games altogether, with a chance that some of those involved may not have policies specifically covering a postponement, industry sources say.
To offset the crushing costs of trying to stem a global epidemic, the World Bank and partners announced the creation of “pandemic bonds”, with the idea was to leverage private capital from Wall Street firms...
Most companies in Britain don’t have insurance cover for closures caused by the coronavirus outbreak, the Association of British Insurers said on Tuesday.
The Federal Reserve cut short-term interest rates by half a percentage point on Tuesday in an effort to protect the economy from more damage from the virus outbreak. What does all this mean for home...
Global insurers face a hefty bill if the coronavirus forces the cancellation of the Summer Olympics in Tokyo, with estimates of the cost of insuring the sporting showpiece running into billions of dollars.
Genetic testing can be a powerful tool for insurers - potentially allowing them to price risk better. But it also carries with it some potential risks, if applied indiscriminately.