Increased bike usage amid COVID-19 will benefit insurers
COVID-19 has sparked growing demand for bikes, with more consumers taking up cycling as a form of exercise whilst gyms…
22 Feb 2021
COVID-19 has limited the banking channel’s ability to sell policies in the critical illness market
The COVID-19 pandemic and associated social distancing restrictions have forced insurance providers to move towards digital distribution channels. In many lines of business, this has been a relatively simplistic process,…
22 Feb 2021
An increasing number of insurers refuse to back coal mining projects, but China lags behind
The number of insurers withdrawing cover for coal mining projects continues to grow in the US and Europe as insurers put greater efforts on sustainability, with Travelers Europe becoming the…
18 Feb 2021
Customer satisfaction substantially higher among motor insurance customers that received a rebate
The number of personal injury claims decreased significantly in 2020 due to country-wide lockdowns. With insurers paying less due to this drop, there are renewed calls for insurance customers to…
15 Feb 2021
Allianz pairs with insurtech to offer wary travel consumers instant claims
Allianz is partnering with an insurtech start-up in a bid to modernise its travel insurance offering and win consumers over once traveling is permitted again. It has partnered with Blink,…
10 Feb 2021
10 Feb 2021
Vitality looks to enter the UK motor insurance market by leveraging its unique style of policies
The UK private motor insurance market is arguably one of the most competitive in personal lines insurance, and with consumers being highly responsive to changes in premiums, new product development…
10 Feb 2021
Insurers should leverage open banking to look beyond credit scores considering the wider economic implications of COVID-19
As the coronavirus pandemic worsens, so has the global economic outlook. With unemployment rising globally, insurers should consider open banking as an alternative to credit scores, which create a limited…
10 Feb 2021