Global Briefs

Global Briefs – September 2019

Image

China – Swiss Re says insurers in China are on the crest of digital transformation wave

Digital transformation is giving rise to new and emerging risks (e.g., cyber exposures) and also facilitating development of innovative solutions for previously uninsurable risks such as intangible asset earnings and cash flows losses, says Swiss Re Institute. Digital transformation means new opportunities for insurers. For instance, there is a near-100 percent protection gap for cyber-related exposures in China today; we expect online distribution to contribute a large share of what will be a growing rural insurance market under the national ‘Rural Revitalization’ programme; and smart cities will offer growth potential across many lines of business. Get the publication HERE

India – Soon, car insurance premium may depend on how you drive 

The Indian insurance regulator has assembled a panel of nine experts to determine if how you drive and how many accidents you have had will play a role in what premium you pay. Results of the study are due in 2 months. Read more at:
http://timesofindia.indiatimes.com/articleshow/71040561.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Kenya – Insurance firms’ profits drop to $33 million

Insurance companies in Kenya endured another difficult year after profits plunged by a staggering 61.5 percent in 2018.

Trending
Share this Post:

Advertisement

ad ad

Related articles

Ryan Specialty Appoints to Its Board of Directors Anthony J. Kuczinski, Former President & CEO of Munich Re US

Ryan Specialty Holdings, Inc. (NYSE: RYAN), a leading international specialty insurance firm, announced that Anthony J. Kuczinski has been appointed to its Board of Directors and will serve as a member...

Ryan Specialty Appoints Thomas Nash President of CorRisk Solutions

Ryan Specialty announced effective December 1, 2023 the appointment of Thomas Nash as President of CorRisk Solutions (CorRisk), the wholesale distribution professional liability managing general underwriter,...

In memoriam: Florin Andrreescu

Source: XPrimm Florin ANDREESCU, a seasoned professional in the insurance industry, has left an indelible mark on the sector through his dedicated career spanning several decades. His journey, marked...

Trade Credit Insurance payouts up 23% to protect UK businesses against bad debts

Insurance payouts to help businesses survive bad debts rose by 23% in the first half of the year, to their highest first half yearly figure since 2018 according to figures out today from the Association...

Insurance prices continue to stabilise as the US cyber market records second quarterly decrease since the second half of 2018

London, 1 November, 2023 – Global commercial insurance prices increased 3% in the third quarter of 2023, the same as the prior quarter, according to the Global Insurance Market Index released...

Aon announces new Asia Pacific COO

Aon has named Citibank Asia Pacific executive Jeff Plein as its new Asia Pacific COO.  The appointment follows Bill Hooper’s move to the position of Global COO of Commercial Risk...