APAC nations easing travel bans despite obstacles

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Most countries in Asia are trending towards easing restrictions, though sometimes unilaterally. Stringent testing, quarantine and insurance requirements are discouraging people from travelling, which means the rollback of restrictions would be of little help to the airline and tourism industries.

Earlier this week, Singapore and Indonesia agreed to allow essential business and official travel, provided travellers submit paperwork and take COVID-19 swab tests both before and after travel.

Singapore also has similar agreements with China, Japan, Malaysia, and South Korea, and is also unilaterally accepting visitors from New Zealand, Vietnam, Brunei, and most of Australia. However, earlier this month, Singapore

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‘Big Four’ Euro reinsurers coping well through COVID; keeping capital adequacy

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“All four [of the major European reinsurers] suffered in the first half of 2020, but to varying degrees,” said Mazzuoli. “That can be explained first and foremost by the exposure that they each have to COVID-19 claims. For example, when you look at mortality claims, we’ve seen the highest amount of claims at Swiss Re and SCOR – both of whom have leading market positions in the US, where mortality claims have been the most severe. Meanwhile, Hanover Re and Munich Re have lower market shares in the US and therefore also reported far lower mortality claims as of H1.

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Zurich enhances insurance proposition | Insurance Business

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The travel insurance industry may have taken a big hit this year amid all the coronavirus-led cancellations, but Zurich is hoping to extend its services to those contemplating the return of business travel.

The insurer is expanding its business travel product to include a larger international servicing network, as well as new capabilities and broader coverage.

According to a release announcing the expansion, Zurich outlined that risks associated with business travel have changed rapidly due to the pandemic, as well as a rise in civil unrest and extreme weather events. With employees increasingly exposed, companies have a greater obligation to

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Lloyd’s of London to carry out insurance products review

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Lloyd’s of London has revealed it will be conducting a review into the way insurance products are designed and sold, and has called for simpler products in response to the COVID-19 pandemic. In a press release, the insurance market noted that the pandemic has set irreversible societal change in motion around the world, and, as a result, new insurance solutions are required, as is greater protection for customers’ needs.

The report, ‘Building simpler insurance products to better protect customers’, has been developed in collaboration with Lloyd’s Global and UK Advisory Committees, and sets out a number of ways

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