Allianz announces online aircraft insurance partnership with Visicover

Allianz announces online aircraft insurance partnership with Visicover

Allianz announces online aircraft insurance partnership with Visicover

Allianz Global Corporate & Specialty (AGCS) has partnered with award-winning insurtech company, Visicover. Visicover will now offer its existing and new aeroplane and helicopter policyholders insurance products underwritten by AGCS. Visicover is an online-based service that allows customers to buy their insurance online and subsequently self-administer their policies, including renewals. “The aviation industry is undergoing significant change. New technologies are…

Big data and new markets will be key disruptors in transport sector

Big data and new markets will be key disruptors in transport sector

Big data and new markets will be key disruptors in transport sector

Some 43% of transport sector respondents believe big data will be the most significant driver of change, according to an annual survey from Norton Rose Fulbright. The eighth edition of The way ahead transport report reveals that 90% of aviation and 86% of rail respondents are positive about market conditions, compared with 64% and 37% in logistics and shipping respectively.…

New models to help insurers with clash risks

New models to help insurers with clash risks

New models to help insurers with clash risks

Catastrophe modelling firm Risk Management Solutions (RMS) and the Cambridge Centre for Risk Studies (CRS) are developing tools to help insurers standardise exposure data and model clash risks. CRS is creating a set of exposure standards for risks that are currently not well modelled by insurers. These standards could help bring consistency to information supplied by corporate buyers, as well…

MPI Generali launches corporate insurance business in Malaysia

MPI Generali launches corporate insurance business in Malaysia

MPI Generali launches corporate insurance business in Malaysia

MPI Generali Insurans Berhad, a joint venture between Italian insurer Generali and Malaysia-based Multi-Purpose Capital Holdings Berhad, has opened a global corporate and commercial business unit in Malaysia. The new division will provide a range of insurance lines for corporate and commercial clients and distributors in the Southeast Asian state. The unit will operate in segments covering property liability, financial…

Marsh air finance insurance product takes off

Marsh air finance insurance product takes off

Marsh air finance insurance product takes off

Marsh has announced the launch of Aircraft Finance Insurance Consortium (AFIC), which will underwrite a non-payment insurance product for lenders and investors that are funding new aircraft purchases from Boeing. AFIC will provide an alternative aircraft finance insurance product for new aircraft deliveries and is underwritten by four insurance companies: Allianz, AXIS Capital, Sompo International (formerly Endurance), and Fidelis. The…

British Airways’ ‘textbook’ crisis offers risk management lessons

British Airways’ ‘textbook’ crisis offers risk management lessons

British Airways’ ‘textbook’ crisis offers risk management lessons

The massive IT systems failure at British Airlines (BA) over the weekend is yet another example of the airline industry’s growing dependency on technology, and clearly highlights the need for organisations to beef up their crisis management resources for critical systems. BA is likely to face a multimillion-pound bill following the two-day global IT systems outage that grounded flights at…

AGCS promotes Mike Hansen to global head of aviation

AGCS promotes Mike Hansen to global head of aviation

AGCS promotes Mike Hansen to global head of aviation

Allianz Global Corporate & Specialty (AGCS) has named Mike Hansen as global head of aviation, effective immediately. He takes over from Henning Haagen, who was appointed northeast zone executive for North America earlier this year and has been managing dual responsibilities in the interim. Mr Hansen, who currently oversees the North American aviation business of AGCS, will relocate from Canada…

Cleared for takeoff?

Cleared for takeoff?

Cleared for takeoff?

Slow growth and excess capacity keeps aviation insurance on the runway for now, reports Gareth Stokes To get a handle on the risks covered by aviation insurers, one need only turn to JLT Speciality’s November 2016 Plane Talk newsletter. The risk specialist, part of the Jardine Lloyd Thompson Group, published the average fleet values (expiring AFV at renewal date) of…

JLT Re lands aviation duo from Lockton

JLT Re lands aviation duo from Lockton

JLT Re lands aviation duo from Lockton

JLT Re has appointed Graham Barden and Jon Warner to its aviation team as partners. Mr Barden has worked at Bradstock’s, Alexander Forbes and most recently he was managing partner of aviation at Lockton. Mr Warner also joins from the Lockton aviation team, where he was a senior vice president; previous to that, he was at Aon Risk Solutions and…

AWAC to offer drone training to its clients

AWAC to offer drone training to its clients

AWAC to offer drone training to its clients

Clients of Swiss-based specialty insurer Allied World Assurance Company Holdings (AWAC) in the US can now get help with deploying their own drones. AWAC has announced that it is expanding risk management offerings to policyholders, to include access to discounted unmanned aerial systems (UAS) services. AWAC has partnered with DataWing, a UAS service provider led by former US Air Force…

1 2 3 8