Zurich Malaysia launches business continuity fund

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Zurich Malaysia’s general insurance and general takaful businesses have launched the COVID-19 Business Assistance Programme. The MYR2 million (SG$650,000) fund will provide complimentary coverage for COVID-19-related expenses for all eligible customers.

The move comes as companies restart operations and employees return to on-premises work. The programme will help cover the cost of unexpected COVID-19 expenses for businesses.

Under the programme, Zurich business customers can claim reimbursement of expenses for disinfection and COVID-19 testing if employees test positive for the virus.

In the event of an employee’s death due to COVID-19, the customer will receive MYR500 per employee. Each customer has

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Allianz Partners CEO takes new position

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“To ensure a seamless transition,” said Allianz, “she will work closely with Mr Balbinot and assume portfolio responsibilities from him in the course of 2022, allowing Mr Balbinot to focus even more on the strategic priorities in the Asia-Pacific region in light of the growth potential and importance of that geography for Allianz.”

Balbinot’s term is expiring at the end of next year.

Meanwhile, Allianz Deutschland AG chief financial officer Katja de la Viña (pictured immediately above) will become CEO of Allianz Lebensversicherungs-AG on January 01. She is replacing Andreas Wimmer – who, as previously reported, is also joining the

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What does this growth mean for the payments sector?

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“Acceleration”, “investment” and “hypergrowth” have all been words associated with the global FinTech industry this year. After bubbling away beneath the surface, building momentum, global investment in the FinTech sector reached $44 billion in 2020 – an increase of 14% from 2019.

What does this growth mean for the payments sector?

Despite ongoing economic uncertainty, confidence in financial technology continued to flourish. In fact, in H1 2021, Europe broke the record for annual investment in FinTech – raising €10.4 billion and trumping the €9.3 billion raised across the whole of 2019 – By Stefan Merz, Chief Strategy and Growth Manager

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India’s Supreme Court rules invalid registration basis for voiding car cover

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The bench, headed by Justice U U Lalit, said that an insurance claim can be denied if there is a fundamental breach of the policy’s terms and condition.

“What is important is this court’s opinion of the law, that when an insurable incident that potentially results in liability occurs, there should be no fundamental breach of the conditions contained in the contract of insurance,” the decision said.

The court ruled in favour of United India Insurance, which appealed the decisions of the National Consumer Disputes Redressal Commission (NCDRC) and the Rajasthan State Consumer Disputes Redressal Commission that ordered the insurer

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