Overall, Swiss Re expects the non-life insurance market to continue to grow, driven primarily by exposure growth. Swiss Re Institute forecasts a global growth rate of 3.3% in real terms for 2021. Other factors driving demand are the awareness, triggered by COVID-19, of the danger of being uninsured and the increasing frequency of weather-related events.

Swiss Re is making use of advanced technology to lead the way in underwriting. This includes enriching client exposure information with geospatial data to improve both the accuracy and speed of risk and loss assessments. In contracts, natural language processing complements human contract reviews, which helps to flag favourable vs potentially problematic clauses and generate new wording insights

QBE Hong Kong offers new mental health support coverage for individual PA products

Sep 8, 2020

The mental health support coverage is a new feature and it will help to subsidise consultations with professional psychologists for those suffering from mental wellbeing concerns brought on by enforced Work-From-Home (WFH) arrangements during COVID-19.
“In the near future, we are looking at creating new products to address mental wellness which will better protect our customers and their families,” said Lei Yu, CEO North Asia and Regional Distribution Head.

Don’t stop us paying dividends, European insurers tell regulators

Sep 8, 2020

The pandemic will likely lead to between $50 and $100 billion in losses for insurers, the Insurance Europe trade body said in response to a consultation by the International Association of Insurance Supervisors (IAIS) on the impact of the pandemic

Chedid Capital and Ascoma Gr join forces, to create a leader in broking in ME and Africa

Sep 8, 2020

This transaction translates Chedid Capital’s strategic vision of being a leader in insurance broking, serving companies in the Middle East and Africa; these markets represent strong development potential.

« Older Entries

Next Entries »

Briefs