Through this new offering underwritten by Chubb, rideshare passengers are given the ability to purchase accidental medical expense and accidental death and dismemberment coverage on an episodic basis.

A Morgan Stanley report in 2016, entitled “Are Auto Insurers on the Road to Nowhere,” estimated the business could contract by as much as 80 percent by 2040. But as a handful of fatal accidents involving autonomous vehicles has made clear in recent years, insurance coverage will probably evolve, not disappear.

Underwriting performance has deteriorated recently, with premium rates declining and claims rising in some construction sectors. Urbanisation, the replacement of ageing infrastructure and development of renewable energy sources should all promote construction spending and engineering insurance demand

Those on the list range from Switzerland’s Zurich Insurance Group AG and the U.K.’s RSA Insurance Group Plc to Hartford Financial Services Group Inc. in the U.S. or, going further afield, assets in China,

The economic impact of violence to the global economy was USD 14.76 trillion in 2017, in PPP terms. This is equivalent to 12.4 per cent of GDP, or USD 1,988 per person. The global economic impact of violence is defined as the expenditure and economic effect related to “containing, preventing and dealing with the consequences of violence”.

Across all types of commercial P&C insurance, the manufacturing segment generated the highest premiums worldwide in 2017, worth approximately $111 billion. Following manufacturing came agriculture, fishing and forestry at $72 billion, boosted by the huge value of this segment in China and the U.S.

Although European governments have not followed Washington by creating new sanctions, banks, insurers and shippers are gradually severing ties with Iran under pressure from the U.S. restrictions, making trade with Tehran complicated and risky.

The STOXX 600 insurance sector index .SXIP hit a session low after a report in The Information, citing an unnamed source, said Amazon.com had contemplated offering home insurance as an offshoot of its home connectivity business