UK insurance companies expect to pay over £1.2bn in support for businesses and individuals affected by the COVID-19 crisis, the Association of British Insurers (ABI) has revealed.
Dividing countries into 'green zones' with low levels of coronavirus risk, and gradually joining them together, could see social and economic interaction returned to normal within two months, a new study suggests.
Global reinsurance capital could be slashed by around $30bn (£24bn) as companies look to de-risk their balance sheets by holding cash during the coronavirus crisis.
Forcing insurance companies to cover financial losses brought on by COVID-19 when their policies did not include coverage for pandemics would threaten the stability of the entire global insurance industry, insurers have warned.
This month saw the highest weekly total of deaths recorded in England and Wales since the first seven days of 2000, figures released today by the Office for National Statistics (ONS) reveal.
More than 250 institutional investors managing over $8.2trn (£6.7trn) in assets have called on their investee companies to minimise the financial and societal disruption brought on by COVID-19.
Car insurance premiums have fluctuated for a fifth consecutive quarter in the UK amid continued market uncertainty, and are likely to remain volatile during the coronavirus crisis.
More than 500 private sector companies in the UK are likely to delay tackling the deficit in their pension scheme, deferring approximately half a billion pounds, new analysis has found.
The Institute and Faculty of Actuaries (IFoA) has launched a new group to lead and coordinate its response to the coronavirus crisis and is asking volunteers to help.
