Legal & Regulation
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Opportunity knocks for wider market as Aon struggles to get WTW deal over the line
Latest news from the Competition and Consumer Commission of Singapore (CCCS) that it has completed its initial review of the…
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Almost 10,000 BI policyholders still waiting for insurer decisions on Covid-19 claims
Insurers have settled and paid in full 13,895 business interruption (BI) Covid-19 claims in the UK worth £433m since the…
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Colonial Pipeline attack to hit cyber capacity says AM Best
The scale and severity of ransomware attacks against businesses could force more insurers to exit underwriting cyber risk, said AM…
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Chubb awaits appeal decision on Wirecard D&O claim
Chubb has challenged a lower court ruling made in Frankfurt back in January that ordered it to honour the D&O…
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Regulators should focus on sector-wide vulnerabilities of insurance sector, says GFIA
The Global Federation of Insurance Associations (GFIA) has told the International Association of Insurance Supervisors (IAIS) that it should focus…
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Greensill founder blames insurers for firm’s collapse
Lex Greensill, the founder of collapsed supply chain finance firm Greensill Capital, has said the company’s insurers were to blame…
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India: Insurance sector set for transformation says newly retired IRDAI chairman
The Indian insurance sector is on the cusp of a transformation, according to Dr Subhash Khuntia who retired from his…
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Eiopa chooses 44 insurers for Covid-19 stress test
Regulators will stress test Europe’s insurers and reinsurers to measure the impact of a prolonged Covid-19 scenario and a lower-for-longer…
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Italian risk managers focus on changes to global trade terms
Risk and insurance managers need to take a close look at recent changes to Incoterms, the international commercial trade terms…