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  • COVID-19 has changed perceptions towards life and health insurance worldwide

    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).

    Asia | 25 Sep 2020
  • Insurance comparison sites gain popularity

    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.

    Asia | 25 Sep 2020
  • Pandemic puts spotlight on reputational risk

    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.

    Asia | 25 Sep 2020
  • US: COVID-19 forces re-evaluation of life insurance needs

    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.

    Asia | 25 Sep 2020
  • South Africa: Life insurers provide $58.4m in premium relief assistance

    South African life insurers provided more than 458,000 policyholders with premium relief assistance to the value of over ZAR1bn ($58.4m) between March and July this year, in an effort to help policyholders whose earnings were impacted by the COVID-19 lockdown preserve their risk cover and savings policies, said the Association for Savings and Investment South Africa (ASISA).

    Asia | 25 Sep 2020
  • Peak Re appoints director of markets

    Peak Re has announced that it has appointed Mr Andrew Souter as the company's director of markets with effect from early November 2020. Mr Souter will oversee the clients' portfolio in global markets and will be responsible for developing the company's P&C reinsurance business.

    People | 25 Sep 2020
  • A fifth of all countries at risk of ecosystem collapse - Swiss Re

    A new Swiss Re Institute index has revealed that 39 countries have fragile ecosystems on over 30% of their landmass due to declining biodiversity. Malta, Israel, Cyprus, Bahrain and Kazakhstan have the lowest biodiversity and ecosystems services (BES) ranking, as measured by the index.

    AIRPlus | 25 Sep 2020
  • QBE to appeal UK test case ruling

    Global insurer QBE is planning to appeal the UK test case judgement on whether business interruption policies should cover losses related to the COVID-19 pandemic.

    Asia | 24 Sep 2020
  • Reinsurer capital rebounds in second quarter after initial COVID-19 impact

    Reinsurer capital has rebounded to 2019 levels after an initial drop due to the impact of COVID-19, according to Aon's latest Reinsurance Aggregate (ARA) report.

    Asia | 24 Sep 2020
  • COVID-19 highlights weaknesses in insurers' enterprise risk management

    Although enterprise risk management (ERM) has evolved rapidly over the past decade, the COVID-19 pandemic has served to emphasise that (re)insurers still can be affected by "unknown unknowns" and "unexpected accumulations", according to a new AM Best Report.

    Asia | 24 Sep 2020

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