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Pricing momentum towards a hard insurance and reinsurance market will continue with the coronavirus crisis acting as a catalyst for steeper rate increases, industry executives have said.
Business interruption, the British Insurance Awards shortlist and Q1 results kept us busy this week, but it was a move by biggest-broker-in-waiting Aon that grabbed the most attention.
Swiss Re’s first quarter earnings were pushed into the red by a $476m hit from the coronavirus pandemic to its property and casualty businesses, driven by event cancellation and postponement.
Industry 'did not do enough' to prepare society for pandemic, must not fail on climate: Unfriend Coal
Having previously identified both pandemic risk and climate change as the world's "greatest threat," the insurance industry must champion a green and fair recovery from the Covid-19 crisis to help avert another emergency, NGOs have urged.
Former Swiss Re group CEO Stefan Lippe, who led the reinsurer between 2009 and 2012, passed away aged 65 earlier this week following complications after contracting coronavirus.
As insurers are fond of saying, every claim is an opportunity to show their customers the value of what they get for forking out their premiums.
Blog: Do insurers risk being relegated to the role of white label cover providers in an era of Amazon and Apple?
As Ikea partners with Swiss Re to enter the household insurance market, the move is yet another step closer to insurance cover becoming part of a wider ecosystem economy, where goods and services are bundled for consumer convenience. Keith Stonell,…
Chubb has named the recipients of the first three instalments of its planned $10m (£8m) contribution to coronavirus pandemic relief efforts around the world.
The government should require e-scooter riders to buy insurance, according to a panel of experts speaking as part of Post’s Motor Insurance World Live on Wednesday.
This week the World Health Organisation labelled Covid-19 a pandemic as the number infected worldwide and fatalities from the disease continue to rise. As global stock markets crash sparking fears of a recession, the ripple effect has been felt across…
Over the past few weeks, winter storms Ciara and Dennis swept across Ireland, the UK and Central Europe, bringing with them hurricane-force wind gusts and major flooding writes Simon Welton, Swiss Re’s market head for property and casualty for UK and…
Though losses from natural catastrophes fell in 2019, the proportion of losses that were uninsured rose to a three-year high. Post investigates why.
Analysis: The expansion of the global space market: What opportunities does this present to insurers?
It is 55 years since underwriters at Lloyd’s penned the first space insurance policy, covering the Intelsat I ‘Early Bird’ satellite. Today there are more than 2000 active satellites orbiting the planet and the accelerating commercialisation of space is…
Blog: Meatballs, Billy Book cases and Hemsaker: Can Ikea make flat pack household insurance a success?
As Ikea teams up with Swiss Re to enter the household insurance market, content director Jonathan Swift reflects on how the Swedish furniture giant could disrupt the sector with its own brand of flat pack cover.
It is now five years since I did my first ever 'Insurtechs to Watch Blog', when in 2016 I included Brolly, Digital Risks, Trov and Wrisk.
The Chartered Insurance Institute’s Society of Underwriting Professionals has launched a good practice guide on cyber covering data, coverage, cyber incidents and basic precautions.
Commitments to disengage from coal-producing and coal-dependent power companies have won insurers plaudits from activist organisations, according to consultancy Sigwatch.
Powerful 5G smart tech devices are expected to be rolled out this year. They are anticipated to overtake 4G in terms of reliability and innovation, as well as increasing data speeds, resulting in faster downloads and increased capability for digital…
There is so much talk about collaboration between insurtechs and insurers or managing general agents, but John Price, chief operating officer at Scheme Serve, asks is this collaboration out of design or necessity and are managing general agents a good…
2018 was a volatile year for Asian insurers with the majority of them posting declines in gross written premium or sluggish growth. Christie Lee, senior director of analytics for Asia-Pacific at AM Best, explains the challenges they are facing.
Swiss Re has cancelled a share buy-back programme, following a hit from natural catastrophes, capital deployment and the suspension of Reassure's initial public offering.
CFC is exploring the possibility of entering the personal cyber market.
Sedgwick loss adjusters arrived on Great Abaco Island in the wake of Hurricane Dorian aboard a Black Hawk helicopter on 6 September.