Global P/C Industry Sees Strongest Rate Hikes in 20 Years but Inflation Headwinds Loom July 16, 2021 By L.S. Howard Robust global economic recovery, higher risk awareness and the strongest rate hardening for 20 years in non-life insurance commercial lines...
P/C Insurers Plan to Boost Their Use of Automation: Willis Towers Watson July 15, 2021 Property/casualty insurers plan to accelerate their use of automation for actuarial work, a new Willis Towers Watson survey found. What’s...
Rising COVID Outbreaks on Ships Endanger Maritime Workers, Risk Trade Disruptions July 13, 2021 By K. Oanh Ha, Ann Koh and Claire Jiao Global vaccinations of seafarers are going too slowly to prevent outbreaks on ships from causing more trade disruptions, endangering maritime...
Europe’s Insurers Expect Robust M&A Activity and Strong Earnings in 2021: Moody’s June 22, 2021 Europe’s insurance industry is emerging from the coronavirus crisis with a stronger appetite for mergers and acquisitions (M&A), along with...
COVID Crisis Cuts Global Macro Resilience, Raises Insurance Protection Gap: Swiss Re June 16, 2021 By L.S. Howard The COVID-19 crisis reduced overall global macro resilience – or the ability of societies to absorb shocks – by 18%...
AXA Offers €300M to Settle COVID-19-Related BI Claims for French Restaurant Owners June 10, 2021 By L.S. Howard AXA has offered a settlement to 15,000 French restaurant owners that purchased non-damage business interruption insurance after previously denying coverage...
COVID Takes Big Bite from Multiline Insurers’ Earnings, in ‘Manageable’ Event: S&P May 28, 2021 By L.S. Howard The COVID-19 crisis cost 16 global multiline insurers about $8 billion in 2020, although they still reported substantial net profit...
Ford Halts Production at Southern India Plant as COVID-19 Cases Surge May 28, 2021 By Sudarshan Varadhan CHENNAI – Ford Motor Co. said it will halt production at its car plant in India’s southern state of Tamil...
Renault-Nissan Shuts South India Plant Until May 30 on COVID Safety Concerns May 26, 2021 By Sudarshan Varadhan and Aditi Shah CHENNAI – Automaker Renault-Nissan will shut its plant in India’s southern Tamil Nadu state until May 30, according to an...
Many Workers Begin to Return to Offices Transformed by COVID Safety Innovations May 26, 2021 By Todd Gillespie and Jack Sidders Masked, desk-bound and unable to recognize their colleagues in an elevator, people are starting to return to offices in cities...