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Business Interruption tag returned 84 results

  • Australia: Fitch says overall COVID-19 losses will be manageable for insurers

    Business interruption (BI) claims are likely to be the largest source of pandemic-related claims for Australian non-life insurers, although there is still uncertainty about the ultimate cost, says Fitch Ratings.

    Asia | 26 Jan 2021
  • Australia: QBE increases BI claims provisions by US$185m following UK Supreme Court ruling

    QBE, Australia's biggest insurer in terms of premiums, has stated that its 2020 financial results will now include an additional $185m risk margin strengthening with respect to potential Australian business interruption claims.

    Asia | 21 Jan 2021
  • Business trust in insurance falls

    SMEs in the UK are disappointed with the way insurers handled claims relating to COVID-19.

    AIRPlus | 20 Jan 2021
  • Covid-19 trio tops global and Asia Pacific business risks

    A trio of Covid-19 related risks ranks at the top of Allianz Risk Barometer 2021, reflecting potential disruption and loss scenarios companies are facing in the wake of the coronavirus pandemic. Business interruption (#1 with 41% responses) and Pandemic outbreak (#2 with 40%) are this year's top global business risks with Cyber incidents (#3 with 40%) ranking a close third.

    Agents | 19 Jan 2021
  • South Africa: Biggest insurer to appeal COVID-19 indemnity period

    South Africa's largest general insurer Santam says that it appeal the COVID-19 insurance indemnity period to the Supreme Court of Appeal (SCA).

    Africa | 18 Jan 2021
  • Top cyber insurance industry predictions for 2021

    Cyber insurance is expected to go mainstream to address the spike in cyber risk for individuals and small businesses. Cyberscout, a provider of personal and commercial cyber risk assistance services, shares its perspective on the fundamental shifts in the global cyber risk landscape that happened in 2020, and what 2021 will bring for the insurance industry.

    Agents | 14 Jan 2021
  • Australia: Business interruption appeal documents warn of $10bn claims total

    The Insurance Council of Australia (ICA) is looking to overturn a New South Wales Court of Appeal test case decision that found two policy wordings citing the now repealed Quarantine Act 1908 could not be used to exclude cover for disruptions caused by the COVID-19 outbreak.

    Asia | 18 Dec 2020
  • BI risks need a shift in the COVID-19 crisis

    A RIMS-Prudent Brokers survey released at the RIMS Risk Forum India event last week has revealed that the COVID-19 pandemic has caused huge business interruption (BI) losses in India and hence the urgent need to develop non-damage business interruption (NDBI) solutions for the market.

    AIRPlus | 10 Dec 2020
  • Prudential and SkillsFuture Singapore collaborate to accelerate SMEs' business transformation

    Small and medium-sized enterprises (SMEs) will get more support to equip themselves with the skillsets to further grow their business under Prudential Singapore's SME Skills Accelerator (SSA) programme. It is a collaboration between SkillsFuture Singapore (SSG) and Prudential, under the SkillsFuture Queen Bee partnership.

    Agents | 01 Dec 2020
  • Egypt: Insurers propose pandemic risk pool

    Insurance companies in Egypt have proposed setting up a pool to cover the risk of epidemics and to fund scientific research on them. Insurers would set aside part of their annual profits for the pool.

    Middle East | 30 Nov 2020


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