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  • Major UK insurer offers travel insurance refunds following lockdown

    Zurich UK has announced that it will be returning GBP300,000 ($375,808) to travel insurance policyholders and is now in the process of offering a refund or rescheduling cover for every single policy holder (8,000 customers) who were unable to travel during the UK's lockdown.

    Asia | 09 Jul 2020
  • Insurer introduces remote facility inspection system on mobiles

    Amid the COVID-19 pandemic, Generali's P&C unit Global Corporate & Commercial (GC&C) Iberia & LatAm has developed a new system for remote facility inspection through mobile phones in Spain.

    Asia | 09 Jul 2020
  • UK: BI claims flagged as biggest risk for insurers

    The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims according to Bank of England. The industry continues to await decision by the court on whether existing policies cover big losses caused by the coronavirus crisis.

    Asia | 09 Jul 2020
  • US: FBI sees spike in fraudulent unemployment insurance claims

    The FBI has seen a spike in fraudulent unemployment insurance claims complaints related to the ongoing COVID-19 pandemic involving the use of stolen personally identifiable information (PII).

    Asia | 09 Jul 2020
  • AIA Named #1 MDRT Company for Sixth Year Running

    AIA Group has achieved the largest number of Million Dollar Round Table (MDRT) members for six consecutive years, becoming the only multinational company in the world to do so.

    Agents | 08 Jul 2020
  • Cyber-habits at home threaten corporate network security

    A new survey from CyberArk has found that work-from-home habits, including password re-use and letting family members use corporate devices, are putting critical business systems and sensitive data at risk.

    Asia Risk | 08 Jul 2020
  • Pragma joins Canopius Incident Response Panel to combat cybercrimes amid pandemic

    Pragma cybersecurity consultancy of Singapore continues to be on the cyber incident panel of Canopius, the global speciality (re)insurer. This will help Canopius provide a rapid response to its customers across Europe and Asia in case of cyber-breaches.

    Asia Risk | 08 Jul 2020
  • Bot attacks dominate global cybercrime

    For the first time, cyber-attacks on mobile devices have outpaced desktop attacks by volume, with a 56% y-o-y growth in mobile attack rate. This according to LexisNexis Risk Solutions' Cybercrime Report.

    Asia Risk | 08 Jul 2020
  • Managing climate-related financial risks

    Bank of England (BoE) has asked banks and insurers in Britain to implement by the end of 2021 plans they have drawn up to deal with risks to their businesses from climate change.

    Asia Risk | 08 Jul 2020
  • After thousands of rejections, ONE Championship ranks fourth in the world

    ONE Championship has achieved the fourth highest number of cross-platform views in 2019 among sports teams and leagues globally, according to Tubular Labs, a leading global data and analytics provider for online media viewership.

    Agents | 07 Jul 2020

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