Industry Segments: Business Interruption Page 1 / 4
-
- February 16 2021
Australia liability GWP spikes in Q4: Marsh
The COR for the casualty market exceeded 100% for the first time since 2015.
-
- February 10 2021
IAG posts A$460m loss but underlying profits improve
BI provisions drove downturn as H1 GWP climbed 3.8% to A$6.12bn.
-
- February 9 2021
Suncorp drops travel as Australia profits soar
GWP increased to A$4.35bn in H1 with home and motor growing 5.2%.
-
- February 1 2021
APRA’s 2021 spotlight falls on BI and reinsurance
Access to capacity from "critical" overseas reinsurers a priority, says latest policy guidance.
-
- January 27 2021
Asia political risk capacity to rise
Experts tell IAN that Hong Kong and Thailand are likely to see further rate increases.
-
- January 19 2021
Latest UK BI ruling overturns global precedent
2010 Generali/Orient-Express Hotels decision has been used to reduce insurer payouts.
-
- January 8 2021
Pandemic event cancellation cover near ‘impossible’ after Olympics hit
Industry players tell IAN that coverage has become scarce.
-
- December 21 2020
Suncorp confident on reserving after ‘favourable’ BI ruling
Complex ruling comes as Australia's High Court considers another wide-ranging Covid-19 case.
-
- December 18 2020
ICA High Court appeal puts BI claims at US$7.5bn
IAG, QBE and Suncorp are all facing significant claims if NSW court ruling is upheld.
-
- December 15 2020
Macau casino group receives US$13m Covid-19 BI claim
Payout is likely to be an outlier for the hard-hit entertainment sector.
-
- December 14 2020
Australia BI claims unlikely to have Asia domino effect
Many (re)insurers withdrew coverage due to large claims after the SARS outbreak.
-
- December 8 2020
Zurich’s HK chief warns of ‘serious interruptions’ over US-China tensions
Washington’s blacklist of Chinese firms is making insurance arrangements and underwriting tougher.
-
- November 20 2020
IAG most exposed after adverse BI ruling
Higher business interruption claims expected after surprise unanimous court verdict.
-
- November 16 2020
Postponed Tokyo Olympics has significant digital risks
After the 2020 games were pushed back due to Covid-19, cyber and reputational risks are set to ramp up.
-
- October 29 2020
Supporting Hong Kong’s SMEs through the crisis
QBE's Lei Yu and Clema Risk Solutions' Laurent Charlier share their views on firms' priorities.
-
- October 21 2020
“Have a plan” for response to BI test case: ASIC
Australia's P&C insurers and Lloyd's coverholders need to coordinate action and communication.
-
- October 8 2020
Lloyd’s Neal bullish on 2021, says pandemic was “wake-up call”
He expects business to grow by around 13% next year.
-
- October 5 2020
Australia BI test case nears completion and decision
The ICA notes a "swift determination" will provide "greater clarity" for insurers, regulators and customers.
-
- September 23 2020
Covid-19 to sustain “adverse” market effects
There will be ongoing pressure on premiums and claims according to consultant Taylor Fry.
-
- August 14 2020
ICA launches Covid-19 BI test case with Hollard and HDI
The firms have offered their claims to form the basis of the Covid-19 test case.
