The Korea Insurance Development Institute (KIDI) announced on Wednesday, Sept. 16, its plans to develop an insurance product covering individuals and businesses of financial damages brought by the spread of infectious diseases.
According to the agency, the product will come...
Ping An Insurance Group raised its stake on British lender HSBC Holdings, acquiring additional shares of 10.8 million.
China’s insurer filed the investment to the Hong Kong stock exchange last Friday, Sept. 25, citing HSBC’s average price per stock of...
As the hearing for a case filed by the Insurance Council of Australia (ICA) has begun, billions of dollars are at stake if the court decides to include the COVID-19 pandemic to the application of the interruption insurance policy.
The...
Daimler Insurance Services formed a strategic partnership with reinsurer Swiss Re to offer automotive insurance services to calculate risk.
Two companies form Movinx, Berlin-based mobility insurance that will act as the managing general agent for vehicle purchase. According to the...
Blackpoint Cyber recently revealed its new product Blackpoint RISK, cyber liability insurance for its partner companies and their clients, reported PR Newswire. The product covers cyber events such as crimes, ransomware, and attacks.
The company, whose main clients are managed...
Over the past years, cyber insurance has been getting traction because of the need to protect systems against malicious attacks. However, a few claims more and the industry is at the risk of failing, said the World Economic Forum.
The...
New Zealand insurance firm Vero partnered up with charity organization Good Shepherd to offer auto coverage for low-income earners through a trial run, said the NZ Herald. Premiums for this plan starts at $8 per week.
The 12-month trial applies...
Mumbai-based insurance technology firm Turtlemint has successfully raised $30 million in its recent Series D funding round. The Indian startup company helps provide users with the right insurance policies focusing on health, life, and motor segments.
In particular, the Economic...
Car management platform Caura is set to offer its own auto coverage through the so-called “Caura Project,” said Tech Crunch. This new product is intended to make getting car insurance more affordable and streamlined.
The UK-based app was created in...
All Major League Baseball teams are working to file a suit against insurance providers in light of billion-dollar losses during the 2020 season, said the Associated Press. The losses were sustained due to the pandemic.
Several insurance companies were hit...
