Etihad Airways, the Abu Dhabi-based airline which services the US among other regions, has announced that it will provide COVID-19 insurance to its passengers.
Airlines around the world are trying to stimulate demand amid the pandemic. As people continue to travel, Etihad has decided to provide coverage for medical and quarantine costs for passengers who contracted the virus after taking one of its
Insurers should balance benefits and effects of data sharing
Staff Reporter
As insurance companies embrace the use of digital data, they must remain cognisant of balancing its benefits and effects by ensuring that clients are comfortable either with use of the data or sharing such data, Insurance 24 has learnt.
This was said by Emeritus Re Head Reassurance and Underwriting, Clementine Chinyuku during
Road trips are all the rage. But is your auto insurance ready for a long drive?
Finding the best auto insurance for extended road trips is more important than ever. A majority of Americans planned to drive to their vacation destinations this summer. Among those traveling, 72% of respondents said they’d be driving their own car to a summer getaway, according to a recent Generali Global Assistance
The trend has been keenly felt by the insurance industry, where the once-marginal digital sales channel has seen a boom in premiums, with firms holding the best online positioning reaping the greatest rewards from the new revenue stream.
According to the Thai Life Assurance Association, new premium sales from digital channels totalled 52.1 million baht in March.
Digital sales alone contributed 0.3%
Insurance is a vital risk mitigation tool in construction projects. Whether insurance is taken out due to a statutory, regulatory or contractual requirement or as an additional measure of protection, parties cannot afford to go without it.
In this bulletin, we consider the role of insurance, important insurance considerations and common types of insurance cover in construction projects.
Risk
The government is all set to launch National Digital Health Mission (NDHM) which enables all citizens to possess digital health records. Unique Health ID will be allotted to each person and a Health Card will also be issued facilitating people to share the data with healthcare providers anywhere in the country and get the necessary medical attention. While this should usher in a new era in the healthcare
VFEX launch imminent as it gets licence
Staff Reporter
The Securities and Exchange Commission of Zimbabwe (SecZim) has licensed the Victoria Falls Stock Exchange Limited (“VFEX”), paving way for its planned opening.
This is in accordance with the Securities and Exchange Act, Chapter 24:25. VFEX which shall be a foreign currency denominated platform is a subsidiary of the Zimbabwe Stock
A new report from The Jacobson Group and Aon has found that the insurance industry is set for slow, but steady employment growth over the next 12 months.
Jacobson and Aon’s semi-annual Insurance Labor Market study revealed that insurers plan to maintain or increase hiring as 2020 continues – 83% of companies surveyed said that they plan to maintain or increase staff during the next year.
However, that growth will not come easy, as insurers also indicated that they expect the difficulty in recruiting new employees to persist – despite industry unemployment being somewhere around 4.8%, the study noted.Key
The Financial Ombudsman Service continues to receive an influx of COVID-related complaints from consumers and small to medium-sized enterprises (SMEs), bringing to light new and complex issues that the industry would not have anticipated before the pandemic.
www.insurancebusinessmag.com
As of writing, the Financial Ombudsman Service has received over 3,500 complaints related to COVID-19. Most complaints
The COVID-19 pandemic continues to spread, having far-reaching effects on lives, businesses, and economies worldwide. Local and national governments are escalating measures aimed at stemming the reach of the virus and mitigating its disruptive impacts. Similarly, many companies are looking to protect their people and enhance their resilience while seeking potential responses to ongoing financial