Industry Segments: Business Interruption Page 4 / 6
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- 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.
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- December 15 2020
Macau casino group receives US$13m Covid-19 BI claim
Sources told InsuranceAsia News 18 (re)insurers paid out for a pandemic-related business interruption claim.
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- 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.
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- 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.
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- November 20 2020
IAG most exposed after adverse BI ruling
Higher business interruption claims expected after surprise unanimous court verdict.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- September 23 2020
Covid-19 to sustain “adverse” market effects
There will be ongoing pressure on premiums and claims according to consultant Taylor Fry.
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- 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.
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- August 11 2020
SE Asia to confront increase in wildfires
A report from data analytics firm Twenty Four Seven examines the decade 2030 to 2040.
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- August 6 2020
Malaysia’s liberalisation to drive “structural changes”
Zainudin Ishak, CEO of Malaysian Re, says it could increase competition and drive risk-based pricing.
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- July 31 2020
Lloyd’s reaches out to Asia’s regulators on pandemic risk
Risk pools in the US and Europe point to potential market-government frameworks.
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- July 31 2020
ICA to conduct BI test case with regulator
The ICA is working together with the Australian Financial Complaints Authority in the courts.
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- July 30 2020
Chubb’s McNamee on adaption, risks in Asia
The US giant's regional CEO remains bullish, as change accelerates as a result of Covid-19.
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- July 30 2020
Sun Life hedging bets on “dynamic” Asia for future acquisitions
Asia's contributions to company income are expected to grow to 25%.
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- July 29 2020
Hong Kong market growth to stall from Covid impact
Authorities push cross-border initiatives to bolster new business.
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- July 14 2020
Aon’s Case says pay cut was “fact-driven decision”
The broker's chief executive defends company's decision to cut staff salaries.
