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The Financial Conduct Authority’s latest release on UK claims data for Covid-related BI losses shows the total number of claims is starting to stabilise. -
The platform will automate interactions throughout the risk cycle and enable the transfer of data.
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The carrier’s Singapore business has become the latest insurance company to be impacted by cyber criminals.
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The company said the divestment was part of its simplification strategy.
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GWP surged 21% year on year for the carrier, with long-tail lines generating 28% growth.
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The carrier returned to profit in Q2, with premium income down as a result of portfolio remediation.
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Plus this week’s earnings and all the top news from the week.
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Hannover Re has estimated that the floods could end up costing the industry as much as EUR7.5bn.
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Michael Costonis will assume the new position of global head of marketing, strategy and innovation.
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The carrier’s combined ratio improved by seven percentage points thanks to reduced loss and acquisition costs.
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More than 100 fires have burned through provinces across Turkey, killing eight people as temperatures reach record highs.
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Storms in Spain during January and subsequent weather events across Europe in June impacted the P&C division.
