By Amir Sadiq While insurers were able to secure sufficient reinsurance capacity at the 1 June and 1 July renewals supported by adequate reinsurance capital, the shadow of unrealised COVID-19 losses continues to loom over the industry, with the global reinsurance market exercising more caution in these unprecedented times. The […]
Insurance
Lloyd’s introduces new solutions to accelerate COVID-19 recovery
Lloyd’s has unveiled a number of ways the insurance industry could fast-track global economic and societal recovery from the impacts of COVID-19. These include three open source frameworks namely ReStart, Recover Re and Black Swan Re. They are freely available for application around the world, two of which require government […]
Nigeria Media Monitoring agency Launches Whatsapp ChatBot for better experience
Leave a comment and share In order to achieve swift delivery and timely response(s) to media monitoring and measurement services inquiries by prospects and the general public, P+ Measurement has launched a WhatsApp ChatBot on its official website. The chatBot would promote an effective turn-around time and also create a […]
MassMutual $3bn free life insurance now available nationwide for frontline healthcare workers battling COVID-19
SPRINGFIELD, Mass. & BOSTON–(BUSINESS WIRE)–Jun 30, 2020– Massachusetts Mutual Life Insurance Company (MassMutual) today announced the nationwide expansion of MassMutual HealthBridge, which provides free term life insurance to frontline healthcare workers who directly interact with patients fighting the virus. Previously, HealthBridge was available in MassMutual’s home states as well as […]
UK:Average motor insurance premiums fell after lockdown
By Ranamita Chakraborty According to recent research from data insight specialist Consumer Intelligence, average premiums for UK motorists started to fall following COVID-19 lockdown measures in the country. This was despite the fact that motor insurance premiums had an overall increase of 2.7% in the last 12 months. “With fewer […]
No pandemic insurance for Wimbledon in 2021
By Ranamita Chakraborty While the cancelled Wimbledon event had a pandemic insurance policy in place this year to take care of its financial losses, its 2021 tournament will not be covered according to All England Club CEO Richard Lewis as reported by UK newspaper The Metro. All England Club is […]
Stanbic IBTC Insurance Broker to deepen underwriting with mobile app
Leave a comment and share Chuks Udo okonta Stanbic IBTC Insurance Brokers Limited has disclosed plans to bring insurance closed to the people through a mobile app it hopes to deploy very soon. The Chief Executive of the firm, Anselem Igbo, said this yesterday in a virtual media parley, organised […]
AIICO Insurance Plc to divest 70% stake in pension business
Fajemirokun Leave a comment and share Chuks Udo Okonta AIICO Insurance Plc (AIICO) has entered into discussions with FCMB Pensions Limited for the divestment of its 70 per cent stake in AIICO Pension Managers Limited. Its Head, Strategic Marketing & Communications Department, Segun Olalandu, said the proposed transaction is subject […]
Yachts Insurance Market to Witness Astonishing Growth by 2025 – Zurich, AXA, AVIVA
Our analysts monitoring the situation around the Globe explain that after COVID-19 crisis the market will generate remunerative prospects for producers. The goal of the report is to provide a further illustration of the current scenario, economic slowdown and effect of COVID-19 on the industry as a whole. In a […]
Tourism industry faces collapse as insurance companies refuse to pay Covid-19 claims
CEO of the Tourism Business Council of South Africa Tshifhiwa Tshivhengwa. Picture: Bongani Shilubane/African News Agency (ANA) By Marvin Charles Time of article published 8h ago Cape Town – The South African tourism and hospitality sector is facing collapse because insurance companies refuse to pay them for losses related to […]
