by AIP Online Bureau | Feb 10, 2024 | Eco/Invest/Demography, International News, Non-Life, Policy, Regulation, Reinsurance
“At Lloyd’s, we have the capacity and expertise to evaluate and approve a new underwriting syndicate within 30 days, but the external regulators require many months more before making a decision, causing businesses to set up outside the UK,” said Carnegie-Brown,...
by AIP Online Bureau | Feb 8, 2024 | International News, Life, Pension & Social Security, Technology, Wealth Management/ Philanthropy
Doug Brown, CEO Insurance, Wealth & Retirement, Aviva said,“Extending this strategic partnership will improve how we serve our customers, further simplify our operations and support our growth ambitions. It will allow us to rationalize our systems and improve...
by AIP Online Bureau | Jan 25, 2024 | Intermediaries, International News, Technology
“Over the last year we have been evaluating various businesses and programmes, and as a part of that we’ve made the difficult decision to discontinue the Amazon Insurance Store,” Amazon said in a media statement, adding that customers who bought policies...
by AIP Online Bureau | Jan 17, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
“Underwriters are adding clauses saying no US, UK or Israeli involvement,” he said. “Just about everybody is putting something like that in, and many include the words ‘ownership’ or ‘interest’” War risk rates have gone into a frenzy in recent days following the US...
by AIP Online Bureau | Jan 12, 2024 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance, Risk Management
The Houthis attack is forcing ships to take a far longer route around Africa and can cause insurance costs to rocket. Companies can pass on the increased cost of moving their goods to consumers, raising prices again at a time when governments around the world have...
