With COVID-19 driving down automobile activity, auto insurers in Texas could reap a windfall estimated between $606m and $869m, according to non-profit organisation Texas Appleseed (Appleseed).
COVID-related claims from just over 500 small South African firms battling insurers who have rejected them are worth up to ZAR4bn ($236m), the firm representing the businesses has calculated.
The COVID-19 pandemic may lead to a reduction in the insurance budgets of many insurance buyers in 2020 and 2021. As the insurance market continues to harden, the terms and conditions may also be made more stringent with capacity getting constrained in some areas.
In order to be truly sustainable companies, cooperative and mutual insurers must attract, retain and develop the next generation of talent, as this will be crucial to keeping up with today's fast-changing market needs, says a report by the International Co-operative and Mutual Insurance Federation (ICMIF).
The 10th edition of The European Risk Manager Report 2020 says the risk management profession is growing in strength to tackle post COVID-19 challenges.
Lane Clark & Peacock LLP (LCP), a leading UK firm of consulting actuaries, in its new report released in June 2020 has found a big change in the risks which most concern the insurance industry.
The repercussions of the COVID-19 pandemic could squeeze the world's energy demand by 6 per cent in 2020, the largest annual decline for 70 years.
Manulife and John Hancock are investing more than C$3.5 million (US$2.56 million) over the next two years to promote diversity, equity and inclusion in the workplace and the communities they serve.
The Insurance and Risk Finance Facility of the UNDP is advocating business interruption insurance for Micro, Small & Medium Enterprises (MSMEs) across the developing world to help build community resilience for millions of small business owners and their workers.
What's the future of life insurance distribution? Dr Kai-Uwe Schanz, Deputy Managing Director and Head of Research & Foresight from The Geneva Association, the leading international think tank of the insurance industry, shares his insights and survey findings with Asia Advisers Network.