COVID-19 insurance sales surge in Japan

spike

Sales of life insurance products related to COVID-19 have reportedly surged in Japan, as the public is worried about the negative financial effects caused by contracting the disease.

According to a report by The Japan Times, Taiyo Life Insurance Co. has said that sales of its COVID-19 insurance product, released in September 2020, have exceeded 100,000 policies, the fastest product from the insurer to reach that mark over the past 10 years.

The insurance product will provide a lump sum of up to ¥400,000 (SG$4,920) for hospital stays or home recovery, in case the policyholder is infected by the

Read More

Zurich unveils new panel for large and complex APAC claims

spike

Zurich has introduced a new legal panel to provide legal services for large and complex claims in the Asia-Pacific (APAC) region following last year’s legal panel arrangement for Europe, Middle East, and Africa (EMEA).

The new legal panel, which came into force last month, comprises BLM in association with Global Insurance Law Connect (GILC), Clyde & Co, and DAC Beachcroft LLP in association with Legalign Global and Kennedys Law.

Commenting on the new panel, Zurich head of claims for APAC Matt Cottrell said: “This is great news for our customers and our broking partners who will be able to receive

Read More

Shenton Brokers launches Insurance Checkup tool

spike

Shenton Brokers has launched Insurance Checkup, an online tool that helps consumers gain a better understanding of their protection needs, allowing them take steps to narrow gaps in insurance coverage.

According to the digital brokerage, aside from the required car and health insurance products, many Singaporeans can be rather distrustful of insurance. This has led Shenton Brokers to launch an education-based platform for buying insurance, which Insurance Checkup is now a part of.

The tool will allow users to discover their coverage gaps, and provide personalized advice and quotes from over 20 insurance providers. By answering a set of simple

Read More

Guy Carpenter unveils cyber co-leaders

spike

Global risk and reinsurance specialist Guy Carpenter & Company, a business of Marsh & McLennan, has announced the appointment of Anthony Cordonnier as managing director and global co-head of cyber and the promotion of Erica Davis to global co-head of cyber.

Cordonnier and Davis will co-lead Guy Carpenter’s cyber team to more effectively utilise its global footprint, analytical capabilities and sector knowledge. Cordonnier is based in London and will report to James Boyce, CEO, Global Specialties at Guy Carpenter. Davis is based in New York and will report to Will Garland, president, Centers of Excellence, North America, at Guy Carpenter.

Read More