Claims and losses

Crawford launches tailored 'Japan Connect' claims handling model

August 14 2024

Model provides Japanese businesses operating across Asia with claims handling tailored to Japanese culture, customs, and etiquette.

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China's insurers see 33.1% surge in claims costs in first half of 2024

August 12 2024

Key figures from the regulator reveal a notable rise in assets, but a rise in claims and benefits paid amid a series of floods this year.

Guy Carpenter estimates up to US$1bn in economic losses from CrowdStrike event

August 5 2024

Event demonstrates importance of addressing both frequent mid-size and systemic risks in cyber insurance, says Guy Carp.

Inside Ant Insurance’s strategy to digitise claims with foundational AI

August 2 2024

Ant Group is leveraging technology and vast Alipay user base to streamline claims and attract new demographics for carriers in China.

Insurers have settled 96% of Auckland Anniversary and Cyclone Gabrielle claims: ICNZ

August 1 2024

Approximately 96% of total claims and 85% of claims value have been paid out from New Zealand's 2023 twin catastrophes.

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US$67bn in H1 nat cat losses significantly higher than ten-year average: Munich Re

July 31 2024

Japan's Noto Peninsula earthquake was costliest nat cat globally, while a landslide in PNG resulted in the largest loss of life.

CyberCube estimates CrowdStrike cyber insurance losses at between US$400m and US$1.5bn

July 26 2024

Event could be the most significant single insured loss in 20-year cyber insurance history, but does not match extreme scenarios modelled by insurers, says CyberCube.

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Parametrix estimates CrowdStrike Fortune 500-related insurance losses at US$540m-US$1.08bn

July 24 2024

Analysis estimates US$5.4bn in direct losses for Fortune 500 excluding Microsoft, with no more than 10 to 20% likely covered by cyber policies.

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Fitch pegs CrowdStrike insurance losses in mid-to-high single-digit billion dollar range

July 23 2024

Incident unlikely to have a significant impact on global (re)insurers' results and claims should fall within primary carriers' retentions, says Fitch.

Everest recruits Maureen Ung from Zurich as Head of Claims for Singapore

July 18 2024

Ung spent 11 years with Zurich across Australia and Singapore.

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