Global insurance trends

US Lawsuit Filed Over Rejected Business Interruption Claims

One of the long term effects of Covid-19 may well be that insurers and agents suffer a series of legal actions over the exact policy wording within business interruption products. There is a big challenge […]

Global insurance trends

US Market: Aon Forms Coalition to Help Covid-19 Recovery

Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, today announced the formation of a coalition of leading companies and organizations to strengthen communities and move toward […]

Insurance Brokers

FWD Research Suggests Insurance Sector Slow to Respond to Covid-19

FWD Research, the  Independent Research Agency specialising in the financial sector, today announced the results from the first wave of its Insurance Brokers Pulse-Point Tracker (PPT) – a COVID-19-focused industry confidence barometer. Its findings show […]

Legal

87% of Brits Find Policy Wording is Total Gobbledegook, Says Uni Study

Browne Jacobson LLP, a UK-wide law firm with over 500 lawyers working across public and private sectors, has highlighted the “transformational impact” on its insurance policy services drafting offering following a collaborative project with the […]

InsureTech

Insurance Trio Form Alchemy Crew: Looking to Collab Covid Solutions

Three insurance industry leaders have joined forces to launch ‘Alchemy Crew’ (Alchemy) – a new growth venture validation company to enable insurers, reinsurers, wealth managers and healthcare providers to grow in a post-pandemic era. The […]

Global insurance trends

Brazil Will See Claims Rise in 2020, Says GlobalData

With Brazil becoming a hotbed for COVID-19 pandemic, the country’s insurers are open to paying out on claims even if there is no pandemic clause and there will be a substantial upsurge in the claims […]

Insurance Regulation

Mactavish Reaction to FCA Update on Business Interruption Claims

The FCA has today (10th June 2020) provided an update on its High Court test case concerning business interruption (BI) insurance, and published documents relating to this. However, Mactavish, the specialist insurance buyer and claims resolution […]

News

Parametric Pandemic Cover? Is That Even Possible?

Machine Cover, a technology company which creates parametric products for the insurance industry, has announced it is developing what is believed to be the world’s first pandemic insurance product based on parametric triggers. The Boston, […]