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July 15, 2020

Chubb introduces work from home insurance in Asia-Pacific

By Verdict Staff

Chubb has launched Work from Home (WFH) Insurance for the Asia-Pacific region, helping employers to offer protection to employees working from home amid the ongoing Covid-19 pandemic.

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Gain valuable insight on the Motor Insurance industry outlook for Asia Pacific

Asia-Pacific was the fastest-growing region globally during the review period (2016-2020), recording growth at a CAGR of 2.7%. China was the market leader, accounting for 52.9% of the region’s motor insurance premiums in 2020. To help you make the most of this significant growth, GlobalData’s has put together a comprehensive overview of the Asia Pacific motor insurance industry, including market sizing and forecasts. Read ‘Motor Insurance Industry Outlook in Asia Pacific’ for:
  • Analysis of leading insurers in the region
  • Details on regulatory requirements, including licensing rules, capital requirements, taxation regimes, and ownership quotas
  • Analysis of the impact of COVID-19 on the industry
  • Insight into key trends, technology developments, and potential disruptors in the motor insurance industry
  • Recent M&A activity in the motor insurance industry
Improve your business strategy with our extensive report. Download it for free, now.
by GlobalData
Enter your details here to receive your free Report.

The new policy, which is considered to be a market-first in the Asia Pacific, is designed to allow employers to care for the well-being of their employees as they work remotely.

Chubb’s work from home insurance covers mental health benefit for the psychological counselling of employees diagnosed with stress disorders due to working remotely.

The other features of the policy include ergonomic injury and prevention benefits for postural injuries/strains resulting from inconsistent workstation setups and coverage for employees who take their work outside or are on the move and are injured.

It also offers coverage for accidental death and permanent disability payments for slips and falls within the home from hazards such as stairs and unkept toys.

Chubb Asia-Pacific regional accident & health deputy head Ben Howell has been quoted by Insurance Business as saying: “Although employees have adjusted well to being digitally connected from home via videoconferencing and other applications, there are emerging risks as a result of this new work arrangement.

“It is timely for Chubb to launch our Work from Home Insurance to meet the evolving employee care and benefit needs.”

The policy is applicable to active full-time and part-time employees working from home.

Free Report
img

Gain valuable insight on the Motor Insurance industry outlook for Asia Pacific

Asia-Pacific was the fastest-growing region globally during the review period (2016-2020), recording growth at a CAGR of 2.7%. China was the market leader, accounting for 52.9% of the region’s motor insurance premiums in 2020. To help you make the most of this significant growth, GlobalData’s has put together a comprehensive overview of the Asia Pacific motor insurance industry, including market sizing and forecasts. Read ‘Motor Insurance Industry Outlook in Asia Pacific’ for:
  • Analysis of leading insurers in the region
  • Details on regulatory requirements, including licensing rules, capital requirements, taxation regimes, and ownership quotas
  • Analysis of the impact of COVID-19 on the industry
  • Insight into key trends, technology developments, and potential disruptors in the motor insurance industry
  • Recent M&A activity in the motor insurance industry
Improve your business strategy with our extensive report. Download it for free, now.
by GlobalData
Enter your details here to receive your free Report.

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