by AIP Online Bureau | Apr 24, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance
LONDON: Hundreds of British businesses, shuttered by a government lockdown to curb the coronavirus pandemic, have appointed lawyers to take on insurer Hiscox, saying its refusal to compensate them for losses was putting their future at risk. The Hiscox Action...
by AIP Online Bureau | Apr 24, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health, Policy, Regulation
SYDNEY: Australia will make it illegal for non-health officials to access data collected on smartphone software to trace the spread of the coronavirus, Prime Minister Scott Morrison said on Friday, amid privacy concerns raised by the measure. Australia has so far...
by AIP Online Bureau | Apr 23, 2020 | Eco/Invest/Demography, International News, Reinsurance
Paris: At the April 1, 2020 reinsurance renewals, SCOR Global P&C grew gross premiums up for renewal by 5.7 per cent to EUR 504 million, while benefitting from broadly improving market conditions as evidenced by a 6.6% overall increase in pricing. ...
by AIP Online Bureau | Apr 23, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News
LONDON: British motor insurers should repay all or some of their premiums to customers because of a steep drop in car use and claims due to the coronavirus lockdown, a group of lawmakers said. The lawmakers said car insurers had reported an almost 50% drop in claims...
by AIP Online Bureau | Apr 23, 2020 | International News, Life, Non-Life, Reinsurance
London: Global reinsurer capital rose by 7% to $625 billion in 2019, according to Aon’s Reinsurance Aggregate (ARA) report, which tracked the financial performance of 23 leading reinsurance carriers over the year. Traditional capital rose 9% to...
