The lack of a robust insurance market is hampering the adoption of cryptoassets and blockchain infrastructures, according to Evertas, the world’s first cryptoasset insurance company.
Claims presented for the coronavirus will be complex in terms of loss measurement but early engagement with the insured to understand the potential impacts is crucial to managing the loss, said Crawford Forensic Accounting Services...
Bancassurance, or selling of insurance through bank partners, is one of the most popular distribution channels in Asia today, as shown by insurers signing blockbuster long-term deals across the region. For many insurers and banks,...
Organizers of events called off because of the coronavirus are likely to miss out on insurance payouts because typical policies do not cover epidemic outbreaks. Hotels hit by cancellations may fare better.
Global insurers and reinsurers are exposed to the coronavirus outbreak directly through a potential spike in claims, and indirectly through the impact on economic growth and the resultant financial market volatility, according to a report...
The COVID-19 outbreak is expected to have a 'significant impact' on the marine insurance market as the volume of cargo shipments within Asia and across the globe reduces drastically, IUMI's chairman of the ocean hull...
The World Health Organisation has declared the novel coronavirus a public health emergency of international concern, businesses need to be prepared for the outbreak’s possible effects. Insurance broker and risk advisor Marsh has released a...
A new report from Aon warns organisations that cyber risks can come from any digital channel – even those channels considered “less appreciated.”
The 2019 Novel Coronavirus is a timely reminder for life insurers to stress test their balance sheets in in the event of a pandemic outbreak.
When dealing with new and less-understood risks such as cyber, many brokers and risk managers have their work cut out for them. When up against a risk that often involves sophisticated technology, expanding beyond traditional...
As multiple countries grapple with the novel coronavirus infection, individuals and organisations are scrutinising their insurance policies to see if they are covering the losses caused by the epidemic. On the ground, several insurers have...
Reinsurers may face higher levels of risk than life and health (L/H) insurers in the current coronavirus outbreak, as the risk profiles of the former entail higher exposures to mortality and morbidity risks, says AM...