Concerns have arisen around the efficacy of insurance contracts, and the COVID-19 pandemic has highlighted the gaps in "understanding and expectation" between customers and their insurers, according to Barclays' managing director of group insurance, Mr Farhad Jamooji, in an interview which is part of Aon's Virtual Reinsurance Renewal Season fireside chats.
Howden Group Holdings yesterday announced an investment of $84m in support of Tamesis DUAL, the reinsurance division of DUAL Group, the world's largest international MGA. This additional capacity has been in place since 1 January 2021 and the capital was provided by Howden Group and a third-party investor.
Global sukuk issuance is expected to rise to about $140bn-$155bn this year from $139.8bn in 2020, thanks to a recovery in issuance in Malaysia, Indonesia, and the GCC countries, according to S&P Global Ratings.
Asia Pacific countries not only managed the pandemic better than the western world in 2020, they are also doing better in terms of political risks according to the latest edition of Aon's Political Risk quarterly.
A record number of small business owners in the UK are planning to close their firms over the coming twelve months, putting the UK on course to lose more than a quarter of a million businesses, according to the latest Small Business Index (SBI) of UK.
A coalition of 50 countries has committed to protect almost a third of the planet Earth by 2030 by halting the destruction of the natural world and slow extinctions of wildlife according to The High Ambition Coalition (HAC).
The use of artificial intelligence (AI) and machine learning to create fake audio and video will impact businesses and individuals with an online presence according to a new report by CyberCube.
The year 2020 was an extraordinary one for weather and climate events in the US. The country had to endure an unprecedented 22 disasters in 2020, each costing more than a billion dollar according to a recap by National Oceanic and Atmospheric Administration (NOAA).
Around 76% of workers in UK have reported being stressed, driven by uncertainty about their future and concerns over personal finances according to a COVID-19 impact study by Cigna Europe.
The reinsurance market operated in an orderly and efficient manner for January renewals despite record-setting hurricane landfall in the US and uncertainty about the impact of COVID-19 in some lines, says Aon in its January 2021 edition of the "Reinsurance Market Outlook" report.