Travel insurance coronavirus payouts set to top £275m, says ABI
Insurers are likely to see the highest cancellation payout on record.
K2 Insurance hires new president from Marsh MGU Victor
The executive was most recently chief underwriting officer of Victor US.
BIBA hopes to return "better than before" in 2021 conference
British Insurance Brokers Association's 2020 conference has been cancelled due to the coronavirus outbreak.
Sedgwick’s fraud strategy saves clients £35m
AI tools helped achieve an 18 percent increase in savings compared to 2018.
Willis Re recruits senior vice president and Health Practice leader
He joins from Guy Carpenter, where was managing director in the health care practice.
Lloyd’s results put it ‘in strong position’ to respond to COVID-19
Its annual 2019 results show a return to profitability.
Coronavirus will cause unprecedented shock to the global economy – Moody’s
The G-20 economies are expected to pick up in 2021.
Most insurers will absorb the impact of COVID-19 – S&P
However, it anticipates some downgrades or outlook changes over the coming weeks.
COVID-19 to push eurozone and UK into recession – S&P
‘Swift and bold policy responses now are key to avoiding permanent losses to GDP later.’
Ageas uses AI for end-to-end car damage assessments and estimates
This global first for a major UK insurer can provide decisions within minutes.
