The coronavirus pandemic and resulting lockdowns have had a significant impact on commercial and specialty lines of insurance, both in terms of claims volumes and financial impact, according to the Report "Covid-19: Changing claims pattern
", released by AGCS - the corporate insurance carrier of ALLIANZ Group.
Lloyd's of London announced it has made charitable donations totaling GBP 12 million to 197 charities worldwide, to support customers and communities - in response to the global spread of COVID-19.
The seventh edition of its Future Risks Report recently published by French insurer AXA highlights health as a major issue moving pandemic risk into top spot.
The "ERGO Risk Report 2020 EXTRA", conducted by the independent market research institute "HEUTE UND MORGEN" in mid-September, clarifies that the corona crisis has changed the perception of risks and opportunities considerably - but has also encouraged Germans to be more open for digital innovations.
Zurich Insurance Group and the Smith School of Enterprise and the Environment at the University of Oxford launched a new report about COVID-19 issues. Based on two global surveys and interviews with business leaders, the study to address issues affecting working people worldwide, including the digitalization of the economy, the need for continuous education, and the fragility of many national social protection systems.
The company DUNAV osiguranje is the first on the Serbian market to offer, since October 1, a travel insurance policy for all destinations in the world, which includes the Covid 19 risk. The policy will be without a time limit for return.
The Council of the Croatian Financial Services Supervisory Agency (HANFA) discussed, among other things, the impact of the corona crisis on the financial services sector and the possible introduction of euro currency in Croatia with its effects on the financial markets.
Global re/insurance broker Aon announced it launches its Virtual Reinsurance Renewal Season, calling for the re/insurance industry to collaborate to bring capital closer to clients' needs and drive growth across the global insurance ecosystem.
WILLIS TOWERS WATSON (WTW) and the World Economic Forum (WEF) have published "Human Capital as an Asset: An Accounting Framework to Reset the Value of Talent in the New World of Work," a new white paper that provides organizations with a model to reshape how they value and make decisions about their workforces in a post-COVID-19 world of work.
The coronavirus pandemic has impacted the professional and personal lives of millions of U.S. employees, causing a significant portion to seek help for their mental health.
Over half (58%) of non-retired people aged 45-60 are worried they will not have enough money to provide an adequate standard of living in their retirement according to a new survey by AVIVA, yet over a fifth (21%) of non-retired people in this age group are not taking action to strengthen their retirement income.
Due to the uncertain situation regarding the spread of the COVID-19 epidemic and the consequent unclear impacts of the epidemic on the economy and the insurance industry, the Slovenian Insurance Supervision Agency recommends that insurance, reinsurance and pension companies even after 1 October 2020 suspend dividend payments.
Half (49%) of employed British adults feel positive about the prospect of returning to their place of work after lockdown, with less than one in five (18%) feeling negative, an AVIVA study shows.
LLOYD's announced its new cohort of InsurTech disruptors that will join the LLOYD's Lab innovation accelerator programme, and includes start-ups who are focused on providing solutions to support the Market to respond to the COVID-19 pandemic.
Intangible assets are an increasing proportion of companies' balance sheets, already accounting for as much as 85% of the total business value across industries according to estimates, show a report published by LLOYD's in collaboration with KPMG, urging businesses to pay attention to the new risk landscape that has evolved under COVID-19.
A MetLife study shows that, despite the current global environment, nearly one-third of employees are still willing and interested in expat work assignments, but employer support is needed.
Against the background of the Covid-19 pandemic, MUNICH Re and the FRAUNHOFER-GESELLSCHAFT launched the Give a Breath Challenge in March of this year. They aim to promote innovative ideas that can help people who have contracted the new coronavirus, contributing their own expertise and networks, and funding totalling EUR 1 million.
According to the most recent M&A Risk in Review report series recently released by global re/insurance broker Aon, despite the number of M&A deals may decrease due to turbulent times, transaction insurance market remains resilient.
Lloyd's, the world's leading specialist insurance and reinsurance market, announced the creation of its newest "syndicate in a box," Syndicate 1796, set up to insure the storage and transportation of a COVID-19 vaccine once developed to emerging economies.
Global reinsurer MUNICH Re has announced COVID-19 related losses of roughly EUR 700 million in its reinsurance operations in Q2 2020.