As a result, a spate of insurers has entered the market, with around 30 crowding in in Europe alone, broker Paragon said. Despite the rising level of claims, the entrants have pushed down premiums, but that could be temporary.

From romance scams to phantom PPE, banks battle coronavirus crimewave

Dec 12, 2020

In pandemic-related scams banks are hiring more staff to prevent and detect fraudulent transactions, forging closer ties with local and global law enforcement and launching public awareness campaigns, bankers and their advisors told Reuters
BAE Systems Applied Intelligence research suggests U.S. insurance fraud, where scammers seek to dupe insurers on costs incurred as a result of COVID-19 restrictions, has doubled in 2020, so far costing the industry $100 billion.
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Insurers stich $90 billion merger deals to add muscle power

Dec 12, 2020

Many insurers are also looking to acquisitions to expand their more lucrative property and casualty businesses, part of a shift away from life insurance, which has been hit with increased capital requirements in recent years that have weighed on profits.

Any vaccine adverse effects up to national agencies to review – WHO

Dec 11, 2020

“But people should not be too anxious. Remember there are a number of vaccine candidates coming online at the same time,” WHO spokeswoman Margaret Harris told a U.N. briefing in Geneva.

“One vaccine may not be suitable for particular individuals, but you may well find another vaccine is.”

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