UK business confidence matches 2008 low & more…Keep up with the latest business and actuarial news in our weekly round-up…
FERMA calls for new framework to address lack of business interruption insurance
The Federation of European Risk Management Associations (FERMA) has called on European Commission to create a resilience framework to address a “severe shortage” of business interruption insurance without physical damage.
French court orders insurer AXA to pay restaurant’s covid-19 losses
A Paris commercial court has ruled that French insurer AXA will have to pay a restaurant owner two months’ worth of coronavirus-related revenue losses, the restaurant’s lawyer said on Friday.
3i Group Pension Plan completes £650m buy-in with L&G
The trustees of the 3i Group Pension Plan have completed a £650m bulk annuity deal with Legal & General.
Tens of thousands of women missing out on £100m in state pension uplifts – Webb
Tens of thousands of married older women could be entitled to a higher rate of state pension than they are receiving, analysis by LCP has revealed.
Insurance brokers have been attacked for “scandalous” conflicts of interests in a report published on Wednesday.
Aviva estimates COVID-19 impact on specialist schemes and brokers as related BI claims reach £200m
The insurer calculates that coronavirus-related claims across its general insurance business will total £160m net of reinsurance.
COVID-19 linked to 54% drop in Q1 insurtech funding: WTW
A new report from Willis Towers Watson has found that insurtech investment worldwide totalled about $912 million during the first three months.
