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.
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.
Generali Global Corporate & Commercial and Descartes Underwriting have announced a strategic partnership to offer parametric insurance products.
Prudential plc has revealed that its first quarter sales in Asia decreased by 24% to US$986 million amid the COVID-19 pandemic.
The UK Treasury announced it is creating a government-backed temporary reinsurance scheme so businesses can continue to access trade credit insurance during the COVID-19 crisis.
Tokio Marine will harness artificial intelligence (AI) to assess and process auto damage claims across its insurance operations in Japan, in a move that is believed to accelerate claims processing for the company.
Peak Reinsurance Company Ltd (Peak Re) has completed the acquisition of Lutece Holdings Ltd and subsidiary Lutece Investment Management Ltd. The two acquired entities will be rebranded as Peak Capital Holdings Ltd and Peak Capital Ltd, respectively.
The Life Insurance Association, Singapore (LIA Singapore) and General Insurance Association of Singapore (GIA Singapore) have expanded coverage for COVID-19 patients, as more Singaporeans continue to recover from the disease.