Casualty insurance market “set up for success”

spike

“Looking to the next phase of the market cycle, the reinsurance market has responded with reinvigorated product offerings that allow our clients to execute their plans from a position of strength and to set all parties up for success in the coming years.”

The casualty insurance industry has taken lots of corrective action in recent years – hardening significantly in reaction to deteriorating loss ratios across many casualty lines, most notably in commercial auto, general liability, umbrella and financial lines.

Read next: Global reinsurance sector gaining positive momentum

One of the primary causes of market hardening across casualty lines is

Read More

Tate & Livingston debuts with Hong Kong relocation insurance product

spike

JA Assure has launched its Tate & Livingston online insurance portal, which offers insurance for consumers relocating to and from Hong Kong SAR.

The portal will automatically calculate premiums for users for a seamless transaction, the company said. Insurance coverage will be underwritten by Chubb.

In addition to marine cargo coverage for transportation of household goods and personal effects, Tate & Livingston’s relocation insurance also includes additional benefits for hand-carried valuables and checked-in goods, pre-shipment storage of up to 30 days and post-shipment storage of up to 60 days.

“We have identified a need for an online relocation insurance product

Read More

India extends period allowing electronic distribution of health cover

spike

India’s insurance regulator has extended until March 31, 2022, the period allowing insurers to electronically distribute health insurance, as part of measures to prevent the spread of COVID-19.

During this period, the Insurance Regulatory and Development Authority of India (IRDAI) will continue to allow providers to issue health insurance policies without requiring wet signatures, or physically signed application forms and contracts.

This is the second time IRDAI has extended the period, The Economic Times reported. The initial period was valid until March 31, 2021, and was extended until Sept. 30 amid the second wave of COVID-19.

Last year, IRDAI allowed

Read More

Body of missing Hong Kong insurance CEO found

spike

Read more: Hong Kong insurer’s CEO goes missing during hike

Shou, 59, left his home to go on a hike at Shek Uk Shan on Sept. 12. He was seen wearing a brown hat, a blue t-shirt, a white long-sleeved undershirt, navy shorts and brown shoes. Shou left his home at 6:45am.

Shou was supposed to meet a family member for dinner later that day, but he did not make it. On Monday, his family reported him as missing after entering his flat and not finding him there.

On Friday afternoon, the crew of a Government Flying Service helicopter spotted

Read More