K&K Insurance Group, Inc., a subsidiary of Aon plc has launched a newi nsurance program designed for the emerging market of eSports teams and events.
Coverage offered includes sanctioned events, office premises, scheduled premises of the eSport team practices, participation in eSports competitions, promotional and marketing events, ceremonies and other customary business operations of the insured
Compiled by insurance 24
Fitch Ratings has determined that the 2018 outlook for the reinsurance sector is negative, citing high catastrophe losses, competitive premium rates, and low interest rates worldwide as major factors inits assessment. Fitch observed that market premiums were under negative pressure due to robust capital levels, partly attributable to wide spread alternative forms
Falling behind with cyber risk could be catastrophic
Compiled by Insurance24
HARARE, Dollars and cents. The more businesses read about cyberattacks burning deep financial holes into the pockets of innocents, the more attention they turn towards their cyber security and insurance needs.
Cyber criminals are almost always one step ahead of the game. While companies react and respond to current threats,
What to expect from a modern cyber policy
Compiled by Insurance24
HARARE, With hacking incidents continuing to occur with increased regularity, cyber is one of the hottest topics in the insurance industry. High profile breaches have helped boost an already burgeoning market space and insurers are scrambling to launch modern policies that have the potential to be scaled up.
As a result of the growth
Marsh Develops Commercial Blockchain Solution for Proof of Insurance
Compiled by Insurance24
HARARE, Marsh announced it is collaborating with IBM, ACORD and its client, ISN, to develop a commercial blockchain solution for proof of insurance.
By using block chain, or distributed ledger technology, Marsh said the certificate of insurance process will be transformed “from complicated and manual to streamlined
Investment banks line-up to dismantle insurer’s global empire
Compiled by Insurance24
HARARE, Investment banks are lining up to manage potential divestments by Anbang Insurance Group Co., the once-acquisitive Chinese insurer that snapped up assets around the world before being seized by the government.
Officials from Anbang and the Chinese banking and insurance regulator are interviewing advisers
Reinsurance CEOs confident they can fend off insurtech threat
Compiled by Insurance24
HARARE, CEOs of major reinsurance firms believe that while the digitalisation of insurance and the current technology wave is something they have to embrace, they can successfully fend off the threat from digital-only InsurTech start-ups.
Time for changeInsurance and reinsurance is an industry that has been besieged
Risk settlement market remains promising in 2018: Aon
By Insurance24
HARARE, Aon has reported that the risk settlement market presents many attractive opportunities for re/insurers in 2018, with the strong pricing seen in 2017 expected to continue throughout the coming year.
The projection was part of Aon’s ‘Risk Settlement Market 2018’ report, which analyzed 2017’s market trends and generated
Online services, a growth opportunity for brokerage in Africa
By Insurance24
HARARE, Electronic platforms today provide an opportunity for development for the sector of intermediation, according to a survey carried out by audit company, KPMG.
The profile and needs of the insured have changed. Insurance brokers and agents are, more than ever, required to follow those changes, rethink their products,
Businesses turning blind eye to severe weather-related risks
By Insurance24
HARARE, Brooding over storm-related business interruption losses won’t get you anywhere. But building business continuity plans to prevent those losses raining down will get your commercial clients a long way.
In its latest Risk Index survey, The Travelers Companies,