As efforts to contain the coronavirus catagion continue to ramp up worldwide, re/insurance industry leaders are taking a number of actions to comply with movement restrictions, while ensuring AGMs meet regulatory requirements. But what are the rules in different jurisdictions. Intelligent Insurer investigates.
Everyone is hoping that the outbreak of COVID-19 will be contained as swiftly as possible, with many countries advising precautionary measures, such as lockdown, for a minimum of 12 weeks to protect the vulnerable. The re/insurance industry can expect to feel the effects of this pandemic well beyond that. Intelligent Insurer reports.
The market reports a £2.5bn return to profit and improved underwriting performance, but the pandemic is already taking its toll hitting assets and refocusing future priorities. CEO John Neal says the outbreak will change the world and ways of working forever. Intelligent Insurer reports.
It's the second time around for Aon’s acquisition of WTW, but the $30bn merger everyone is talking about has sailed into a COVID-19 induced storm of market volatility, not to mention heavy scrutiny from the regulators. With so much external pressure, what is the forecast for the deal, and will it even go ahead? Intelligent Insurer investigates.
An influential insurance body has warned American legislators not to impose retroactive insurance payments as it could destabilise the insurance sector, dubbed ‘one of the nation’s essential services’.
The shifting economic landscape is creating an air of uncertainty and many M&A deals are being put on hold. But, dealmakers also see opportunities in an economic downturn.
The ripple effect of COVID-19 has now spread deep into global financial markets and falling interest rates are putting increasing pressure on insurers earnings and capital.
Mounting pressure on governments and insurers to adopt more sustainable models is driving investment in renewables. But climate change coupled with an adjusting insurance market is making renewables projects more expensive to insure.
When looking to tap foreign markets, many re/insurers are faced with significant barriers to entry such as forced data localisation and caps on foreign investment. The American Property Casualty Insurance Association (APCIA) seeks to leverage the US trade agenda to mitigate these barriers, spotlighting Africa as a land of opportunity.
In the shipping industry, a cyber incident has the potential to reroute vessels and disrupt supply chains critical for world trade. But, there are hidden protection gaps associated with cyber risk which could be targeted by sophisticated hackers.