BI
-
Insurers ‘regret’ BI disputes but lessons must be learned
British insurers have said they “regret” legal disputes over Covid-19-related business interruption (BI) claims and vowed to pay out on…
-
Policyholders win resounding victory over insurers in BI test case
Insurers face a large bill for Covid-19-related business interruption (BI) claims after the UK's Supreme Court resoundingly ruled in favour…
-
UK Supreme Court BI Covid-19 judgment on Friday
The much-anticipated judgment on UK Covid-19 business interruption (BI) policies will be delivered by the country’s Supreme Court on Friday…
-
Market grows increasingly ruthless but rate of hardening may have peaked
The insurance market is getting tougher for buyers and experts predict conditions will worsen this year, but there is some…
-
RIMS president calls for better risk financing of extreme events
The president of US risk management association RIMS has urged risk professionals and the insurance industry to find new ways…
-
Focus shifts to self-insurance incentives as AMRAE welcomes government statement
The Italian and Spanish risk and insurance sectors have joined their peers in the UK, Germany and France in calling…
-
Record US fire season to cost insurers up to $13bn, says RMS
Cat modelling firm RMS has increased its insured losses estimate for the western US wildfire season to between $7bn and…
-
No BI Supreme Court ruling until 2021, says FCA
UK buyers of business interruption (BI) insurance caught up in Covid-19 claims will have to wait until at least the…
-
FCA prepares for Supreme Court judgment with BI disease clause guidance
UK regulator the Financial Conduct Authority (FCA) has prepared draft guidance to prove the presence of Covid-19 for business interruption…
-
Spanish brokers see light at end of tunnel for risk managers in hard market
Spanish companies must gear up for a difficult series of renewals in 2021, but negotiations may be not as traumatic…
-
AMRAE celebrates boost to captives in France as mandatory PPP scheme postponed
France’s risk management association AMRAE has welcomed plans by its government that should make it easier to set up captives…
-
Ferma expects hardening to continue during 2021 and calls on insurers to maintain partnerships
Ferma has told CRE that it expects commercial insurance market hardening to continue during next year, with exclusions and limits…
-
Fitch expects double-digit primary increases in 2021
Fitch has told CRE it expects double-digit commercial insurance price increases next year, with no signs of new capital to…
-
Belgian and Dutch insurers set to withstand pandemic shock, says Fitch
Insurance markets in the Netherlands and Belgium are well positioned to withstand the pandemic shock, according to Fitch. Fitch has…
-
Covid-19 to elevate risk management but insurance found lacking, finds Ferma survey
The pandemic should elevate the role of risk management but has highlighted failings in risk financing and insurance cover, according…
-
Plans for state-backed pandemic scheme delivered to Spanish regulator
Early discussions are underway in Spain to develop a mechanism that would help protect Spanish companies against future pandemics, an…
-
Munich Re adds €1.1bn of Covid-19 losses
Munich Re said its reinsurance operation will face €3.4bn of Covid-19 losses this year, up from €2.3bn for the first…
-
Anra backs call for state-backed Italian insurance solution
Italy’s risk and insurance management association Anra is ready to work with its national insurance association Ania to call on…
-
Government-backed pandemic schemes stall in UK and Germany
State-backed pandemic insurance schemes in the UK and Germany have stalled and now look unlikely to come to fruition as…
-
Fitch puts stable outlook on French market with Covid BI losses to recede
Fitch has assigned a stable outlook for the French non-life insurance sector in 2021, as it predicts business interruption (BI)…