Why World Bank’s Controversial Pandemic Bonds Didn’t Function as Hoped December 10, 2020 By Tracy Alloway and Tasos Vossos In late January 2015, just after the deadliest outbreak of Ebola in history, then-World Bank President Jim Yong Kim stood...
Cost of Postponing Tokyo Olympics Could Reach $2.8 Billion December 7, 2020 By Stephen Wade TOKYO – The cost of the postponement for the Tokyo Olympics could reach about $2.8 billion, according to figures released...
Global COVID-19 Insurance Losses to Be Higher than Early Estimates: Lloyd’s Chairman November 19, 2020 By Noor Zainab Hussain and Carolyn Cohn Global insurance losses from the COVID-19 pandemic will be higher this year than the $107 billion Lloyd’s of London had...
How Coronavirus Is Changing Claims, Risks, Work, Habits, Supply Chains and More October 7, 2020 The magnitude of the COVID-19 pandemic as an economic loss events is unprecedented for companies and insurers alike and claims...
COVID-19 Signals Billions in Long-Term Healthcare Costs Ahead August 3, 2020 By Emilio Parodi, Nick Brown and Caroline Humer Late in March, Laura Gross, 72, was recovering from gall bladder surgery in her Fort Lee, New Jersey, home when...
Car Crashes Became Deadlier During Lockdowns Across Globe: Reuters Insight June 30, 2020 By Lena Masri LONDON – Coronavirus lockdowns led to huge reductions in traffic and fewer car crashes this spring, but as drivers sped...
Pandemic Crisis Story: Moving 1000-Plus Employees in 7 Countries in Just 2 Weeks April 20, 2020 By Amit Tiwari, Chief Operating Officer, Xceedance Amit Tiwari, chief operating officer at Xceedance, the Boston-based insurance consulting, managed services, and insurtech company, explains the challenges of...
Arch Capital’s Estimated COVID-19 Losses During 1st Quarter Could Hit $145 Million April 16, 2020 Arch Capital Group Ltd. said its estimated pre-tax losses for claims incurred due to the COVID-19 pandemic could reach $145...
UK Insurers, Banks Are Weathering Effects on Capital of COVID-19 Crisis: BoE’s Woods April 16, 2020 By Huw Jones and David Milliken Britain’s banks have enough funds to keep lending to the economy even under the deep recession scenario outlined by a...
Pandemic Bonds Get Stay of Execution but Prospect of Wipeout Looms April 16, 2020 By Tasos Vossos A ruling last week not to wipe out holders of a World Bank financial instrument providing emergency funds to poor...