Pension funds for truckers, teachers and subway workers have lodged lawsuits in the US against Allianz for allegedly failing to safeguard their investments during the coronavirus market meltdown.
The UK government has criticised as 'disappointing' the approach by a number of insurers in deducting the impact of government grants from COVID-19 claims payments.
COVID-19 has turned the world upside down, with the global economy going into reverse and countries shutting down across the world. China was the first country to shut down and is one of the first to reopen. Today, many industries, including insurance, are watching closely to see what happens as China progresses through its economic recovery. Arthur Bi and David Schiff, Partners at McKinsey, share their insights in this article.
With its internationally recognised franchise, SCOR is well-positioned to benefit from improving property/casualty reinsurance market conditions and positive pricing momentum, says AM Best.
Germany has launched a EUR50m ($58m) insurance fund for the country's film makers. It is part of the government's EUR1bn Restart Cultural programme.
360F, top three InsurTech of the Year at the 5th Asia Trusted Life Agents & Advisers Awards, has entered the Middle East with a pipeline of projects and an anchor client, Zurich Insurance.
The attitude towards life and health insurance has changed due to COVID-19. People are being more risk-averse about their own health and showing more concern over protection, according to the seventh edition of ReMark's annual Global Consumer Study (GCS).
Price comparison websites (PCWs) in the UK insurance sector are expected to become even more popular as consumers look for savings amid the coronavirus-induced recession.
Following the COVID-19 pandemic, reputation matters more than ever to organisations and any trust-related challenges should be addressed swiftly with detailed and causal explanations to manage reputational risk, according to a new report jointly released by RIMS, Airmic, and RepTrak.
Forty-one percent of American adults feel that the COVID-19 pandemic has changed how their family handles finances and nearly one in four (22%) will consider increasing their life insurance coverage this year, according to a recent survey by disability income provider group Unum.