Wimbledon Shows How Pandemic Insurance Could Become Vital for Sports, Other Events April 13, 2020 By L.S. Howard The Wimbledon tennis tournament had the foresight to buy around £1.5 million (US$1.9 million) per year in pandemic insurance following...
P/C Insurance Is Industry Least Likely to Default Due to Coronavirus: S&P Credit Analysis April 13, 2020 By Andrew G. Simpson Compared to others, the property/casualty insurance industry is weathering the coronavirus crisis rather well. The property/casualty insurance is the least-impacted...
Lessons on Trade-Offs From the 1918 Influenza Pandemic: Viewpoint April 9, 2020 By John Kemp LONDON — Lockdowns have brought most of the world’s advanced economies to a near standstill as policymakers fight the coronavirus...
Failure to Act on Climate Change Could Make Weather Risks Uninsurable: Swiss Re April 8, 2020 By L.S. Howard Global warming will lead to growing intensity and frequency of severe weather events, rising losses, as well as greater uncertainty...
Coronavirus Impact on Aviation Insurance: Gallagher April 5, 2020 Airplanes with a total insured value of more than $160 billion are grounded around the world, presenting risks for insurers,...
Why Artificial Intelligence Is Not the Answer for All Businesses April 3, 2020 The temptation for businesses to use artificial intelligence and other technology to improve performance, drive down labor costs, and better...
How Social Inflation May Affect Coronavirus Business Interruption Losses April 2, 2020 COVID-19 could produce a big increase in social inflation, according to A.M. Best. The reason: expectations that businesses will sue...
COVID-19 Pandemic Threatens Gulf Insurers’ Earnings: S&P Report April 2, 2020 The fallout from the coronavirus pandemic and tumbling oil prices threaten the earnings of insurers in the Gulf, S&P Global...
Initial Insured Losses for UK’s February Floods Estimated at £297M (US$367.8M): PERILS April 2, 2020 Initial insured losses for the floods that hit the UK in February are estimated at £297 million (US$367.8 milion), according...
Reinsurers ‘Smoothly’ Navigated April Renewals, Despite Working from Home: Willis Re April 1, 2020 By L.S. Howard Reinsurers were able to complete the April renewals smoothly, despite being forced to move to the new working-from-home model after...