QBE expands provisions $240 mn for Covid-19 losses
Hiscox, RSA, QBE, Argenta, Arch and MS Amlin said that business interruption policies typically do not cover widespread disruption...
Category : Insurance
Africa’s low uptake in insurance points to 2.8% penetration
The insurance penetration is seemingly more concerning in Kenya as it has recently decreased...
Thai Re launches a reinsurance smart contract production network
Insurer network has been launched by using IBM blockchain technology on IBM Cloud...
Malaysian insurers urged to stop increasing medical insurance premiums
By not doing so, it it will affect the premiums affordability for policymakers...
Philippines to increase microinsurance by 2022
Currently, there are around 48.22 million Filipinos covered by microinsurance, and the number will increase to 50 million...
Mexico receives $2.5 bn from 2020 sovereign oil hedge
The country will cash in on its oil price insurance, and it will be for the fourth time in the last two decades...
Reinsurance M&A to surge in Asia Pacific in 2021
Around 38 M&A deals were completed during the first half of 2020 in APac...
National Insurance Commission grants licences to new firms
It has granted operational licences to six new insurance companies and one reinsurance company in Nigeria...
Sumitomo Mitsui invests $350 mn in US insurtech Hippo
The Japanese insurer will purchase convertible bonds from Hippo, which is valued at $1.5 bn...