Live Insurance News

Swiss Re insurance stops covering coal-dependent companies

July 11, 2018July 10, 2018 Julie Campbell

The massive insurer is a part of a growing movement finding that fossil fuels are becoming a liability. The Swiss Re insurance giant has implemented a new policy against covering firms highly reliant on coal. As the world works to eliminate coal power, firms are finding that the move is as good for their bottom line as it is for the environment. The insurance industry is starting to see many fossil fuels as a type of reliance too risky to cover. The new Swiss Re insurance coverage policy will refuse…

New health insurance in Hong Kong could reduce financial healthcare burden

December 12, 2014December 10, 2014 Julie Campbell

The policy is geared toward people up to the age of 75 and may reduce the expense shouldered by the government. The health insurance industry in Hong Kong is getting ready to launch a new form of coverage that is designed to cater to people in their 60s and early 70s, which could help to significantly ease the financial burden that has been weighing on government healthcare services. Recent predictions have shown that the cost of government health services could rise by over $36 billion (HK$285 billion) by 2041. This…

Insurance technology is changing the game, says Swiss Re

May 20, 2014May 17, 2014 H. Cutner

The company released its latest sigma study, which has shown that tech has brought considerable change. A new sigma study released by Swiss Re has shown that insurance technology is considerably altering the way that insurers and customers interact, as each of those parties has been presented with considerable information and tools that had never before been available to either of them. Insurance companies are particularly benefiting with the amount that they can learn about their customers. What the conclusion of the study suggested was that insurers use the insurance…

Insurance news from Swiss Re shows drop in catastrophe claims

December 21, 2012April 30, 2013

The industry has faced about half as much cost from disasters than it saw last year. Swiss Re, the massive European reinsurance company, has released its most recent insurance news statistics for the year, saying that it looks as though the industry took on about half of the claims costs for disasters this year than it did last year. The claims losses from 2011 were nearly record breaking, so the notable reduction is very welcome. The prediction made by Swiss Re in its insurance news statement was that the industry…