Travelers lead on limiting cyber exposure during the coronavirus pandemic

spike

As an attorney in the United States, head of cyber at Travelers Europe, Davis Kessler (pictured), was working on litigating coverage disputes, mainly on crime policies, when he saw that an increased number of those claims were computer related. This prompted his natural transition into the cyber world, he said, and when Travelers first put together its UK cyber offering, which launched in 2018, he was asked to lead the business’s European cyber underwriting line-up.

The UK cyber market is widely understood to be behind the US in terms of penetration and cyber purchasing rates, he said, but he has

Read More

Chubb piles US$10 million into global COVID-19 relief efforts

spike

Playing its part in the fight against the global pandemic, Chubb has announced that it is committing US$10 million to COVID-19 relief efforts around the world.

A release said that Chubb will be working with a range of partner organisations in the US and other countries to offer essential resources in areas most at need. Organisations the insurer will collaborate with include those that provide emergency medical equipment and supplies to healthcare facilities, and community foodbanks.

The funding to these partner organisations will be made by the Chubb Charitable Foundation.

“We are committed to supporting people, business and communities most

Read More

China’s Ping An Insurance brings medical supplies to the UK

spike

In response to the Extraordinary G20 Leaders’ Summit’s call to support various nations in the fight against the global coronavirus pandemic, Ping An Insurance (Group) Company of China is donating approximately RMB10 million worth of medical supplies to the UK.

The donation spans 100,000 surgical masks, 100,000 pairs of gloves, 10,000 safety goggles, 10,000 hand sanitisers, 10,000 face masks, 10,000 COVID-19 diagnostic test kits, 4,000 sets of protective clothing, and 15 respirators.

In addition, the aid includes technological support in the form of 1,000 sets of the COVID-19 smart image-reading system developed by Ping An. The system is capable of

Read More

Insurers offer warning on forced coronavirus payouts

spike

The Global Federation of Insurance Associations (GFIA) has issued a statement warning of the need for the continued financial stability of the insurance industry and the danger posed by forced coronavirus payouts. The statement detailed the work being done by the global insurance industry to help develop solutions to the greatest challenges facing individuals, businesses and governments, and its role as an essential stabilising force throughout the world.

The statement highlighted that: “GFIA understands that governments around the world and international organisations are also fulfilling their necessary duties to respond to the crisis: both in protecting the health of their

Read More