Catastrophes caused insurance industry losses of $83bn in 2020
Swiss Re Institute’s preliminary sigma estimates revealed that natural catastrophes and man-made disasters cost the global insurance sector $83bn this year. The…
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British insurers likely to pay £1.2bn in Covid-19 related claims
The Association of British Insurers (ABI) estimates that its member firms may have to pay out businesses and individuals more…
Insurtech trends: Fintech leads Twitter mentions in Q1 2020
Life Insurance International lists the top five terms tweeted on insurtech in Q1 2020, based on data from GlobalData’s Influencer…
ByGlobal reinsurance capital likely to be wiped out by $30bn, says report
Global reinsurance capital is likely to be eroded by around $30bn due to market movements as a result of Covid-19…
Digitalization is at the forefront of Zurich Insurance’s plan, says GlobalData
Fintech (financial technology) is a form of technology looking to compete with traditional financial methods. It is an area of…
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Nearly two-thirds of insurance firms ready to embrace digital business model
Nearly 61% of financial services and insurance companies (FS&Is) are ready to embrace digital business model, veering away from traditional…
Cost of car insurance in UK rises 3.5% in second quarter
The premium of a yearly comprehensive car insurance policy in the UK rose 3.5% (£27) in the second quarter of…
CDA survey finds 52% of single working women do not have disability insurance
A study by the US Council for Disability Awareness (CDA) has found that nearly 52% of all single, working women,…