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  • Cyber cover needs to be standalone

    One of the things the pandemic has highlighted over the last year is the importance of transparency and clear wording in the policies of insurers, as some insurers found themselves in the crosshairs of legal action when they rejected business interruption claims of policyholders.

    AIRPlus | 05 Mar 2021
  • Pioneering cyber insurance: Munich Re partners with Google Cloud and Allianz

    Munich Re, Google Cloud and Allianz have announced a joint partnership towards pioneering cyber insurance, a first-of-its kind collaboration between a major cloud provider and leading cyber insurance companies. .

    Agents | 04 Mar 2021
  • Insurance prices to continue rising amid greater scrutiny on underwriting

    Insurance pricing will continue to increase across most business lines globally this year as carriers look to mitigate poor underwriting performance and the uncertainty brought on by the COVID-19 crisis.

    AIRPlus | 04 Mar 2021
  • Concerns raised over reinsurance implications in BI test case

    The UK Supreme Court issued its decision in the Financial Conduct Authority's (FCA) BI test case on 15 January, ruling that some forms of BI insurance would cover COVID losses. However, experts from Guy Carpenter state that the court has adopted a narrow definition of a COVID 'occurrence' - an illness suffered by just one person or arguably several people in one household, raising questions about the meaning of the word 'occurrence' in other contexts.

    AIRPlus | 04 Mar 2021
  • New cryptocurrency InsurTech platform

    Three specialist firms in the insurance industry will create a secure InsurTech platform that will support cryptocurrency investors in insuring crypto risk.

    AIRPlus | 04 Mar 2021
  • Global: AIG joins Geneva Association taskforce to develop climate risk assessment tools for insurers

    AIG has joined a taskforce established by The Geneva Association to develop and hone climate risk assessment methodologies and tools for the insurance industry.

    Asia | 04 Mar 2021
  • Aon and Praedicat to come up with specialist solutions for emerging risks

    Aon in a new collaboration with risk analytics company Praedicat, will develop a range of specialist liability reinsurance solutions to address product liability risks including nanomaterials and 5G.

    Asia Risk | 03 Mar 2021
  • Insurance brokers urged to tackle reputational risks

    Insurance brokers should recognise the reputational risks they face and tackle these issues head-on, according to the latest report of the Society of Insurance Broking (SIB).

    Asia Risk | 03 Mar 2021
  • Aviva to become a net zero carbon emissions company by 2040

    Aviva has announced its plan to become a net zero carbon emissions company by 2040. This is the most demanding target of any major insurance company in the world today.

    Asia Risk | 03 Mar 2021
  • US insurers still have $90bn invested in coal

    Major US insurance companies still have nearly $90bn invested in coal, which is the single biggest contributor to anthropogenic climate change according to a new research report released by Rainforest Action Network in February 2021.

    Asia Risk | 03 Mar 2021