This is the first of its kind for the insurance sector, focusing on the five areas – nation, society, industry, environment, and individuals – outlining the main work completed by the insurance industry in meeting its social responsibility in 2019.
Charles Taylor Claims Services has launched a bespoke workers’ compensation claims solution, which comes ahead of Singapore’s revised Work Injury Compensation Act (WICA) coming into effect on January 01, 2021.
Global average commercial insurance prices rose by 19% in the second quarter of 2020, according to a new report by Marsh. The increase, the largest since Marsh’s Global Insurance Market Index was released in 2012, follows average year-over-year increases of 14% in Q1 and 11% in the fourth quarter of 2019.
Swiss Re and Ping An’s OneConnect Financial Technology Co. are collaborating on a digital end-to-end solution that seeks to make motor claims faster, easier, and more accurate.
China Banking and Insurance Regulatory Commission (CBIRC) and People's Bank of China (PBOC) have proposed a draft of tighter solvency regulations for insurers.
Dubai-based airline company Emirates is now offering an insurance product that would cover for travellers should they ever be diagnosed with COVID-19 – the first insurance of its kind to be offered by an airline.
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
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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.
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.
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.