Shipowners and their insurers will very likely face claims from seafarers
It is possible for insurers and clients to estimate potential losses caused by events like Covid-19, the chief executive of San Francisco-based Metabiota says
The market has been forced to transform its working practices, but it needs to better understand the nature and scope of the changes to build on the progress already made
Situation likely to become more critical as lockdown measures lead to economic hardship and social isolation, making people more prone to misusing addictive products
The re/insurance sector is potentially facing its biggest loss ever from the coronavirus pandemic, but the crisis has also created opportunities and added fresh impetus to firms’ innovation and transformation programmes
The pandemic will affect several lines of business, but it will be many months before the final cost is clear
Outcome of the trial will not suit everyone but it is vital for the insurance market
Fine art brokers and underwriters have had to adapt quickly to the new reality
Re/insurance sector companies are under pressure to shift their focus from shareholders to include other stakeholders, such as their employees, clients, society and the environment
Establishing dedicated teams within claims departments will help to alert insurers to emerging risk trends and develop consistent strategies in response to Covid-19
A range of new exposures will have to be identified and the right questions asked when policies are entered into or renewed
Carriers and adjusters must be prepared to combat the increase in fraudulent and inflated claims for high value items driven by the financial strain of the pandemic
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