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Indian
Over 7 in 10 Indian firms suffered from ransomware attack last year
The average ransom paid by the Indian organisations that had data...
Need to arrest prolific sale of counterfeit products on e-commerce platforms: Delhi HC
New Delhi: The Delhi High Court has expressed its concern over the...
LIC IPO: Policyholders’ portion oversubscribed; overall subscription at 67 pc on day 1
Retail Individual Investor category picked up nearly 60 per cent of...
EMIs and FDs to rise as RBI raises kay rate by 40 bps to 4.40%, CRR by 50 bps to check raging inflation
Reserve Bank of India Governor Shaktikanta Das said that Monetary...
International
Contract clarity could drive insurance growth:Morgan Stanley
“If you’re very crystal clear about what’s being excluded it creates an opportunity to then provide another product that specifically covers something that otherwise would be carved out. At least people would understand what’s in and what’s out,” Chasin said.
He acknowledged that too many exclusions also present problems, referencing cyber insurance as an area of focus in this regard.
AXA XL launches Risk Scanning
Maxime Ambourg, Risk Consulting Manager for Innovation & Business Development at AXA XL Risk Consulting, commented: “Traditional loss prevention programmes usually focus on a company’s primary locations. They can neglect the risks associated with smaller sites that are rarely visited by risk engineers, despite being where losses most often occur. By leveraging both the experience of our consultants and new technologies, Risk Scanning allows for a more exhaustive and therefore precise assessment.”
ClearView adopts Munich Re’s new cloud-based digital services solution to automate underwriting decisions
ALLFINANZ Cloud,will enable ClearView to pursue its multi-year IT transformation project, which is centred on the development of an integrated life insurance Policy Administration System and a cloud-based underwriting rules engine, and strives to enhance the customer and advisor experience.
The platform will also support the experience of underwriters and other staff by giving them insights and easy-to-use tools to continually fine-tune underwriting rules, business processes and customer journeys.
Covid-19 Pandemic to slow down top 10 largest global insurance markets in 2020
The world’s 10 largest insurance markets, in order, as defined by total premium written in 2018-2019, are: the United States, China, Japan, the United Kingdom, France, Germany, South Korea, Italy, Canada and Taiwan. The Triple-I’s projection of a 4.5% GDP decrease in the world’s 10 largest insurance markets in 2020 as compared to 2019 was weighted based on the total premium written in each one.
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