All #insurance articles
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NewsWTW and Liberty partner to provide reputation cover
The solution is available globally and initially to clients in the leisure hospitality, manufacturing, retail and transportation sectors
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COVID-19 prompts “evolution in risk management” - survey
Organisations in APAC had built more robust pandemic programs in response to similar threats already faced, such as SARS
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In support of a green economy
Europe and Asia suffer from some of the most severe fossil-fuel-company insured losses in the world, according to PCS data
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Vietnam flood model launches
Fully probabilistic model provides countrywide coverage and enables insurers to assess their exposure to floods, which affect 70% of the country’s population
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Super Typhoon Goni slams into Philippines
“Strongest landfalling cyclone in history” devastates eastern Philippines, causing catastrophic damage to Catanduanes Island
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Queensland’s Halloween hailstorms declared a catastrophe
The hailstorms struck south-east Queensland late on the 31st October causing significant damage to vehicles and property
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Australian cyclone risk increases under La Niña
The Bureau of Meteorology has declared that La Niña has developed in the Pacific, with the potential for increased floods and cyclone activity
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COVID-19: Construction insurance rates harden
In Asia, pricing generally rose during the first half of 2020 in key markets, including Singapore and Hong Kong
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Australian bushfire claims reach A$1.86 billion
The figures were released six months after the worst Australian bushfire season on record, known as the ‘Black Summer’ - PERILS
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China’s RTW covers potentially flawed - Fitch
The return-to-work BI policies are aimed at supporting the resumption of production and work within the Chinese economy
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COVID-19 and climate change to transform energy sector
Energy firms must incorporate ESG standards and climate change into their risk mitigation strategies - Willis Towers Watson
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Prevent losses at idle factories - FM Global
Fires, vandalism, theft, flooding and stormy weather could leave understaffed facilities vulnerable
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Fitch puts Lloyd’s of London on negative watch
The rating watch negative reflects “uncertainty and increased risk to Lloyd’s earnings and underwriting performance due to claims emanating as a result of the COVID-19 pandemic”
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Claims from February Australian floods reach A$794m
Property losses from the February east coast low make it the third largest such event in the last three decades - PERILS
