...The volatility in capital markets resulting from the COVID-19 pandemic and oil price shock could weaken the credit quality of some insurers in the Gulf Cooperation Council (GCC), said S&P Global Ratings in a report....Source : MiddleEast | 02 Apr 2020
...The Capital Market Authority (CMA) has instructed Omani insurers to provide insurance coverage for vehicle owners whose driving licenses have expired after the Royal Oman Police suspended renewal services in line with the measures taken by the supreme committee to curb the COVID-19 outbreak....Source : MiddleEast | 02 Apr 2020
...QBE Insurance and Marsh Commercial have joined hands to support the frontline fight against COVID-19. When a research team of a large multinational pharma company in UK wanted to support and work alongside the national healthcare scheme staff to test suspected COVID-19 patients in hospitals and clinics across the country, QBE agreed to extend the employer's cover to all volunteers at no extra cost....Source : eDaily | 02 Apr 2020
...While COVID-19 dramatically disrupted the financial markets, reinsurers took a measured approach to the April renewals - which saw significant rate increases on loss-affected accounts and more modest rises on loss-free business. This finding was published in the latest 1st View renewals report from Willis Re, the reinsurance division of broker Willis Towers Watson....Source : eDaily | 02 Apr 2020
...coronavirus-related hospitalisation costs.
The Great Eastern ‘COVID-19 Customer Care Fund’ is available until end-2020 to help customers and/or their immediate family members wh...Source : eDaily | 02 Apr 2020
In February, the platform also established an emergency response team to provide real-time information on the coronavirus to users.
Therefore, Mr Lau sees a silver li...Source : AIRPlus | 02 Apr 2020
...Even as India registered its largest one-day peak in COVID-19 cases on 1 April 2020, the Insurance Regulatory and Development Authority of India (IRDAI) cleared the standard health insurance policy that would also cover the cost of hospitalisation treatment on account of the pandemic....Source : eDaily | 02 Apr 2020
...The government of Nepal will provide insurance cover of INR5m ($42,000) per person to health workers who are in the frontline of fighting COVID-19 cases in the country....Source : eDaily | 02 Apr 2020
...coronavirus outbreak and higher supply as OPEC+ scrapped their production caps. This has brought the short-term outlook for the oil price significantly lower than previously expected. The price of Br...Source : MiddleEast | 02 Apr 2020
Mr Smeirat that there has been a significant decrease in the volume of business in other economic sectors. He said that reduced business or stoppage of work in areas such as ba...Source : MiddleEast | 02 Apr 2020