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Tag: Insurance


Risk Management, Trends

New market research forecasts global travel insurance industry performance

July 5, 2022

Via: Insurance Business

Leading market research store ResearchAndMarkets.com has expanded its offering to include the Travel Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027. The report gives both a comprehensive analysis of the industry’s market performance so far and […]


Financial, Risk Management

UK motor insurers to expect losses in 2022 and 2023: EY

July 5, 2022

Via: Reinsurance News

Losses are predicted in 2022 and 2023 for the UK motor insurance market due to underlying inflation and premium rate falls, according to EY’s UK Motor Insurance Results. The professional services firm predicts that the sector’s net combined ratio (NCR) […]


Financial, Risk Management

Global reinsurer capital falls $30bn: Aon

July 1, 2022

Via: Reinsurance News

Aon has estimated that global reinsurer capital fell by $30bn from the end of 2021 to the end of the first-quarter of 2022. The firm said in a statement that this was driven mainly by unrealised losses on bonds, linked […]


News

Allianz & HSBC extend bancassurance partnership by 15 years

July 1, 2022

Via: Reinsurance News

Allianz Asia Pacific (Allianz) and The Hongkong and Shanghai Banking Corporation Limited (HSBC) have extended their exclusive bancassurance distribution agreement by 15 years. Since 2012, the strategic partnership between Allianz and HSBC in Asia Pacific has formed a strong and […]


Financial, Risk Management

Turkish Insurers Seek Bond Issue to Protect Capital From Soaring Inflation

June 30, 2022

Via: Insurance Journal

Turkey’s insurance association is in talks with the country’s Treasury on a potential inflation-indexed bond issue, the group’s head told Reuters, as insurers seek a new mechanism to protect their capital from soaring inflation. Turkey’s inflation rate hit 73.5% in […]


Geo-Political, Risk Management

Flood resilience and prevention need to achieve better outcomes: Zurich

June 30, 2022

Via: Reinsurance News

Imprecise forecast and modelling, “flood dementia”, and inadequate early warning systems are some of the issues to be addressed to improve flood resilience and prevention, according to Zurich. Last year, the extreme weather event “Bernd” caused great human suffering, and […]


Geo-Political, Risk Management

Carlyle Unit Assumes Full Risks of Operating Gas Field as Insurers Shun Black Sea

June 29, 2022

Via: Insurance Journal

A unit of Carlyle International Energy Partners LP has assumed the full risks of operating a new gas field in the Romanian waters of the Black Sea as insurers shun the zone because of its proximity to the war in […]


Regulatory / Legal

Massive insurance fraudster hit with new state grand jury indictments

June 29, 2022

Via: Insurance Business

New South Carolina grand jury indictments have been filed against controversial insurance fraud attorney Alex Murdaugh and his alleged accomplice Curtis Eddie Smith. Murdaugh, 54, is currently in jail on a $7 million bond following more than 70 criminal charges […]


Geo-Political, Risk Management

China Launches Disaster Insurance Trials in 6 Cities Affected by Floods in 2021

June 28, 2022

Via: Insurance Journal

China’s third-most populous province Henan will launch pilot programs for catastrophe insurance in six cities that were the hardest hit by historic floods last summer. Aside from its capital Zhengzhou, trials are to be set up in the cities Anyang, […]


News

Seven Taiwanese Insurers Have Not Received Russian Eurobond Payments: Regulator

June 28, 2022

Via: Insurance Journal

Taiwan’s financial regulator said on Tuesday that seven Taiwanese insurance companies have not received interest due on May 27 on Russian Eurobonds after a grace period ended on Sunday evening. Russia defaulted on its international bonds for the first time […]