Talbot launches enhanced terror facilities for Singapore, Dubai and Latin America
Talbot Underwriting Ltd, a wholly owned subsidiary of Validus Holdings Ltd, has launched enhanced Lloyd’s-led terror facilities in Singapore, Dubai and Latin America.
These facilities offer a full range of insurance cover against political violence perils, including war coverage, the company said in a statement. The facilities will write terror risk of up to US$150 million for any one risk in Singapore and $175 million on any one risk in both Latin America and Dubai.
The facilities are led by Talbot with capacity provided by Sompo Canopius for the Singapore facility, and by Sompo Canopius, Navigators and Neon for the Latin American and Dubai facilities.
Talbot also recently announced the launch of the only Lloyd’s led consortium for nuclear, biological, chemical and radiological (NBCR) terrorism.
Allianz Malaysia launches “customer-first” motor claims programme
Allianz General Insurance Company (Malaysia) Berhad has launched a motor claims programme dubbed “Allianz Road Rangers” that looks to ensure that their customers experience an easy, seamless journey when making an accident claim.
The programme features seven customer touch points allowing the insurer to “be with the customer every step of the way” in an accident, encompassing getting the customer’s vehicle to a police station, sending it to an authorised workshop, and finally delivering it back to the customer.
The seven touch points include a new 24-Hour Accident Call Centre, a fleet of Bike Brigadiers who will be the first to arrive at an accident scene to offer assistance to customers, as well as a claims concierge based in major police stations to help customers lodge their police reports and understand the claims process.
AIA Singapore launches mobile app to encourage healthy lifestyles
AIA Singapore has launched the AIA Vitality Weekly Challenge mobile app which allows members to participate in health-related activities and get rewarded when they hit activity targets.
Members who earn 250 AIA Vitality points in a week from participating in physical activity such as walking, running or gym sessions will be able to redeem Cold Storage, Starbucks or Uber vouchers worth S$5 (US$3.50) each week.
Members can earn the points simply by clocking 7,500 steps a day from walking, which translates to 50 AIA Vitality points. They can also choose to work out at AIA Vitality fitness partners and earn 100 AIA Vitality points for every workout.
The AIA Vitality Weekly Challenge is part of AIA Vitality, a comprehensive wellness programme that applies the principles of behavioural science to keep individuals motivated to make healthy choices.
New Zealand: Delta Insurance launches drone insurance
Delta Insurance New Zealand Limited has launched an insurance solution for drone operators, according to sUAS News. Hailed by the company as New Zealand’s most comprehensive solution for drone operators, the policy is backed by Ark Specialty 4020 and Starstone syndicates at Lloyd’s of London.
Drones, or unmanned aerial vehicles (UAV), are being used across many New Zealand sectors including agriculture, media, film, surveying, real estate, oil & gas and logistics industries, but there are currently no legal requirements for UAV operators to hold insurance.
“To us it made sense to create an insurance solution that addressed all of the industries’ requirements. We knew there was demand having been approached by a number of existing clients who were seeking to obtain more comprehensive cover for commercial UAV use,” said Craig Kirk, General Manager, Delta Insurance.
Linda Bulk, co-Director of Aeronavics Ltd, one of New Zealand’s largest UAV manufacturers, said that despite the rapid growth of the commercial UAV industry, it is still relatively immature when it comes to risk management, for which insurance is central.
“There is a common misconception that UAVs will be covered under a general commercial insurance policy; however this is not always the case, leaving operators exposed and taking unnecessary risks,” she said.
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