The percentage of Romanians who prefer to purchase insurance policies via online instruments has doubled, as compared to last year, according to UNSAR-IRES Barometer on "Perception of risk and insurance culture in Romania", wrote ww.1asig.ro.
GENERALI Slovakia donated innovative UVD robots for highly-efficient disinfection of the premises to five Slovak hospitals. The germicidal robots are very helpful for the hospitals not only during the coronavirus pandemic but also in daily safeguarding the high hygienic standards needed in the health facilities.
While announcing many of the Munich Re's offices are gradually and carefully reopening worldwide, the German group has also shared its assessment on the impact of the Corovirus pandemic on business, confirming a high probability of not reaching the EUR 2.8 billion profit guidance for 2020.
Given that travel insurance policies' coverage for Covid-19 health incidents is still questionable, Turkey announced it will cover the cost of medical treatment for holidaymakers, as a measure included in its Safe Tourism Certification Program aiming to encourage international travelers to visit the country.
Starting June 22, up to 25% of UNIQA employees return to their jobs in Austria. This is second phase in the process of the gradual return of employees to their office locations, after carefully ramping up the locations across the country for a few weeks.
Global re/insurance broker Aon announced the formation of a coalition of leading companies and organizations to strengthen communities and move toward societal and economic recovery in the wake of the COVID-19 pandemic.
Austrian insurer VIG informed that APEIRON Biologics AG successfully performed its planned capital increase with subscription rights and private placement, raising EUR 11.9 million on 2 June 2020. "At around EUR 7 million, Vienna Insurance Group was the anchor investor in this round of financing. Vienna Insurance Group holds a direct interest of just over 3% in APEIRON".
"Increasing inequality, dramatically shifting consumer behaviors and a lockdown that is having a significant toll on young people's prospects, mental health and wellbeing are highly interdependent issues which impact the global economy, geopolitics and our societies in equal measure," commented John Scott, Head of Sustainability Risk and Zurich Insurance in the WEF & Zurich Insurance Covid-19 Risk report
Following recent communications from EIOPA and the Autorite de Controle Prudentiel et de Resolution ("ACPR"), relating to the adoption of a prudent approach towards dividend distributions during the Covid-19 pandemic, AXA's Board of Directors, at its meeting on June 2nd, decided to reduce its dividend proposal from Euro 1.43 per share to Euro 0.73 per share.
GENERALI announced it donated EUR 100,000 to the Government of the Republic of Serbia to support the healthcare system in the fight against COVID-19 pandemic and to the Fire Eye laboratory for the purchase of lab supplies and equipment, hygiene and disinfection supplies, office supplies and furniture, for the workers' compensation and for the development of research and training potential.
Zurich Insurance Group (Zurich) welcomes the announcement of the UK's Financial Conduct Authority (FCA) to test policy wordings from across the UK insurance industry in the UK High Court, with the aim of bringing clarity to policyholders and insurers over coverage issues relating to business interruption stemming from the unprecedented outbreak of the COVID-19 virus.
The Board of Directors of the French group SCOR has announced on May 25 that it will propose to the Shareholders' Meeting of June 16, that no dividend be distributed for the 2019 fiscal year and that the entire income for that year be allocated to distributable earnings.
Today, 28 May 2020, Insurance Europe president, Andreas Brandstetter, takes part in a roundtable meeting hosted by European Commission Executive Vice President Valdis Dombrovskis to discuss measures taken by insurers and other members of the financial sector to alleviate the impact of COVID-19 on both consumers and businesses.
The Federation of European Risk Management (FERMA) called on the European Commission to create an EU resilience framework for catastrophic risks to address the severe shortage of business interruption insurance without physical damage (NDBI) that arises in several catastrophic events, such as pandemic and massive cyber-attacks.
Slovene re/insurane groups TRIGLAV and SAVA informed the public of the Insurance Supervision Agency's new call upon the insurance companies to suspend the payout of dividends from accumulated profit and not to undertake any irrevocable commitment to pay out dividends by 1 October 2020.
The coronavirus pandemic is leaving deep scars on the global economy. According to the credit insurer EULER HERMES, this will likely to lead to a deep recession in world trade and the global economy - and consequently to a wave of insolvencies worldwide.
ROSGOSSTRAKH Life company, which based on 2019 results ranked 7th among local life insurers, made its first payment under COVID-19 risk, as the insurer said on May 18th in a press release.
Italian insurer GENERALI announced that all its subsidiaries in ACEER Region (Austria, CEE & Russia Region) tooked part in different initiatives to help the clients and communities overcome the coronavirus crisis. Thus, GENERALI pubished an overview of actions being taken by its subsidiaries in the Austria, CEE & Russia Region. "It covers different initiatives which have been developed to assist our clients and communities".
AVIVA Italy confirms its commitment towards the Milanese city with a new donation of more than EUR 200,000 to the local district of the Italian Red Cross, together with a donation of EUR 200,000 to support the Mutual Aid Fund instituted by the Mayor of Milan.
Lloyd's, the world's leading (re)insurance market, today revealed that it will pay out in the range of $3bn to $4.3bn* to its global customers as a result of the far-reaching impacts of COVID-19. This is on a par with 9/11 in 2001 and the combined impact of hurricanes Harvey, Irma and Maria in 2017, all of which led to similar pay outs by the Lloyd's market**. These losses could rise further if the current lockdown continues into another quarter.