Life insurance is one of the most important investments any person can make. It’s a chance to ensure that you’re going to be able to protect your assets and your loved ones when you’re not around. The right coverage policy provides more
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The FINANCIAL — Swiss Re reported a Group net loss for the first nine months of 2020 that narrowed to USD 691 million from USD 1.1 billion reported for the first half of the year when the Group made significant additions to
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The FINANCIAL — Swiss Re is joining The Trinity Challenge, a global coalition that aims to better predict and prevent outbreaks, epidemics and pandemics by harnessing the power of data and analytics. Swiss Re has integrated COVID-19 related health, economic and social
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The FINANCIAL — In the third quarter, Munich Re registered COVID-19-related losses totalling about €800m in reinsurance. The losses were attributable to various business lines, such as insurance for major events and other property-casualty lines, and the life and health business. As
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The FINANCIAL — Following years of eroding rates caused by excess capacities and low major-loss expenditure, particularly in European markets, low interest rates – likely to remain even lower for even longer due to the coronavirus pandemic – are impacting the profitability
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The FINANCIAL — The TRUMPF Group and Munich Re Group (Munich Re) are entering into a strategic partnership for an innovative service offering of laser cutting machines. The jointly developed “pay-per-part model” enables customers to use a full-service laser machine without having
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The FINANCIAL — Swiss Re and Daimler Insurance Services have entered into a strategic partnership for automotive and mobility insurance and launched a new company called Movinx. Both shareholders of the 50/50 joint venture will leverage their complementary expertise to establish a
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The FINANCIAL — Zurich Insurance Group (Zurich) is expanding its market-leading business travel product and services into a comprehensive solution that goes beyond helping businesses safeguard their employees from risks when traveling. The enhanced offering includes a larger international servicing network, broader
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The FINANCIAL — Lloyd’s, the world’s leading specialist insurance and reinsurance market, today published a new report, Building simpler insurance products to better protect customers, which sets out a number of ways the global insurance industry could remove complexity and provide enhanced
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The FINANCIAL — Lloyd’s, the world’s leading specialist insurance and reinsurance market, today announced a new report: Cities at risk – Building a resilient future for the world’s urban centres, published in association with Urban Foresight and Newcastle University. Using four global trends, the
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