Global insurance trends

GlobalData Snapshot From Down Under

The general insurance industry in Australia is projected to grow from AUD76.3bn (US$51.8bn) in 2020 to AUD98.0bn (US$66.9bn) in 2025, in terms of gross written premiums (GWP), according to GlobalData, a leading data and analytics […]

Global insurance trends

Willis Towers Publishes Report on Natural Catastrophes

Insured losses from major natural catastrophes in 2020 reached roughly US$78 billion, the fourth largest total since 2011, and about 17% higher than the ten-year average of $66.5 billion. However, the total does not reflect […]

Insurance claims

Public Sector: Zurich Publishes Schools Fire risk Survey

A new study from Zurich Municipal reveals 480 primary and secondary schools endured fires in 2019, a staggering 40 incidents every month.  As a result, almost 20,000  school children have had their education impacted or […]

News

Zurich Launches Climate Change Resilience Services

Zurich Insurance Group has announced the launch of its Climate Change Resilience Services to help businesses better prepare for current and future risks associated with climate change, or The Artist Formerly Known As The Weather. […]

Insurance claims

Balcony BBQ? Time To Ban Such High Risk Activities Says Zurich

With the UK summer well underway, new data released today by UK insurer Zurich reveals that just four balcony fires in 2019 caused almost £9m worth of damage as the fires spread to neighbouring flats […]

Insurance claims

AXA UK Expands Use of Video in Commercial Claims Settlement

AXA UK is broadening its use of live video to settle commercial property claims, as the insurer renews its contract with software provider Verisk. The ClaimXperience app is already being used by AXA’s household customers, who can […]

InsureTech

AI Can Help Repair Lives After Disasters, Tractable Are On The Case

Insurance is all about being the backstop, healing and repairing lives when things go wrong. Claims after a major disaster can often be complex and sometimes customers feel let down if things take too long […]

Global insurance trends

Aon Global Weather Report Highlights Growing Catastrophe Risks

Aon plc (NYSE:AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, today launches its Weather, Climate & Catastrophe Insight: 2019 Annual Report. This evaluates the impact of global natural […]