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❗ - Too many and in Britain’s services market and a fundamental review is needed... Click on the image to read what FCA said.

https://www.insuredr.com/2020/09/15/uk-watchdog-seeks-to-overhaul-scandal-hit-consumer-investment-market/

UK watchdog seeks to overhaul scandal-hit consumer investment market Many scams and scandals in Britain's financial services market. Consumers have suffered from a string of financial scandals going back decades

❗ ↘ Lloyd's H1 Losses related to event cancellation, travel, trade credit and business interruption policies

https://www.insuredr.com/2020/09/10/lloyds-of-london-h1-loss-due-to-covid-19/

Lloyd's of London - H1 loss due to COVID-19 Lloyd's of London recorded loss of $520 million in the first half, battered by the Covid19 on event cancellation, travel, trade credit and business interruption

To Launch .


https://www.insuredr.com/2020/09/08/algeria-to-launch-islamic-insurance-open-banks-in-africa/

Etihad Airways in partnership with AXA - COVID-19 Insurance To Passengers

https://www.insuredr.com/2020/09/08/etihad-airways-covid-19-insurance-to-passengers/

Etihad Airways - COVID-19 insurance to passengers Etihad Airways in partnership with AXA would cover medical and quarantine costs for passengers if they contract coronavirus after travelling on its flights.

Lloyd's initiative, “Dive In” supported by the Chartered Insurance Institute and a wealth of leading organizations, will take place on 22nd September 2020.
Chartered Insurance Institute , Markel , AIG , AXA , Willis Towers Watson - WCC


https://www.insuredr.com/2020/09/02/the-annual-dive-in-festival/

The Annual Dive In Festival The Middle East edition of the global festival for Diversity and Inclusion, "Dive In", a Lloyd's initiative supported by the Chartered Insurance Institute.

are expected to absorb a large part of the losses from Beirut's explosion last week with



https://www.insuredr.com/2020/08/15/beirut-blast-middle-east-insurers-seen-taking-bulk-of-losses/

Beirut Blast - Middle East insurers seen taking bulk of losses Insurers in the Middle East are expected to absorb a large part of the losses from Beirut's explosion last week with Lloyd's of London

blast - $250 Million Marine claims estimates
#بيروت

https://www.insuredr.com/2020/08/11/beirut-blast-marine-insurance-below-250-m/

will not compensate International Airlines for its plane Tehran accidentally downed in January because the passenger jet was by European firms


https://www.insuredr.com/2020/08/11/iran-european-insurers-should-pay-compensation-for-downed-ukrainian-plane/

Iran says European insurers should pay compensation for downed Ukrainian plane Iran will not compensate Ukraine International Airlines for its plane Tehran accidentally downed in January because the passenger jet was insured by European firms

More than 150 Killed and 5,000 injured ❗❗
$ 3 Billion insured losses and $15 Billion economic losses ❗❗

https://www.insuredr.com/2020/08/09/beirut-blast-insured-losses-around-3-billion/

Beirut blast - Insured losses around $3 Billion Insured losses from Beirut explosion are likely to total around $3 billion. Officials have said the blast might have caused economic losses of $15 billion.

Chartered Insurance Institute Middle East ( ) has awarded exceptional prizes to two Financial Planning and professionals from the
region on completion of the professional body’s

https://www.insuredr.com/2020/08/06/cii-applauds-mea-financial-planning-insurance-professionals/

CII APPLAUDS MEA FINANCIAL PLANNING & INSURANCE PROFESSIONALS The Chartered Insurance Institute (CII) awarded exceptional prizes to 2 Financial Planning and Insurance professionals on completion of the ...

👨‍⚕️Studies of patients keep uncovering new complications associated with the disease. 👩‍⚕️


https://www.insuredr.com/2020/08/03/long-term-complications-of-covid-19-signals-billions-in-healthcare-costs-ahead/

Long-term complications of COVID-19 signals billions Studies of COVID-19 patients keep uncovering new complications associated with the disease. With evidence that COVID-19 survivors face months, or possibly years

Wishing you all and your families Eid Mubarak

- GRIP (DIFC) • Investments is undertaking a multi million dollar capital raise.


https://www.insuredr.com/2020/07/22/regions-first-global-digital-security-capital-raise-from-the-dubai-international-financial-centre/

Region’s first global digital security capital raise from the Dubai International Financial Centre DIFC clients is undertaking a multi million dollar capital raise. GRIP will conduct a capital raise for Lead Real Estate through the innovative... Read more

U.S. Republicans and Democrats far apart on how much to spend on the next round of relief as they discussed proposals to extend unemployment for Americans thrown out of work and provide more money for schools.


https://www.insuredr.com/2020/07/22/democrats-want-more-money/

Democrats want more money, more detail after meeting Trump team on Covid19 relief US Republicans and Democrats still far apart on how much to spend on next covid19 round relief & to extend unemployment insurance for Americans and provide more money for schools.

❗❗❗❗
stopped covering independent film and television productions against the risk of COVID-19 illness

https://www.insuredr.com/2020/07/12/hollywood-lack-of-insurance-threatens-supply-of-films-tv-shows-in-2021/

www.insuredr.com

Interesting to read ❗❗
may never be the same again... Click on the image to read the full article


https://www.insuredr.com/2020/07/12/pandemic-proofing-insurance-may-never-be-the-same-again/

www.insuredr.com

prepares to rule on whether existing policies cover big losses caused by the crisis

https://www.insuredr.com/2020/07/09/business-interruption-insurance-claims-are-a-worry-boe-says-before-court-rules/

Business interruption insurance claims are a worry, BoE says before court rules Biggest uncertainty now facing insurers if they will have to pay for a raft of business interruption claims, Bank of England said, as a court prepares to rule

Partnership between Malakut Dubai 🤝 WBN

Alexander Dolgopolov : "Malakut aims to bring the servicing proposition in the UAE and surrounding regional territories for our partners’ clients to a new level."



https://www.insuredr.com/2020/07/09/wbn-welcomes-malakut-as-new-partner-firm-in-dubai-uae/

WBN welcomes Malakut as new partner firm in Dubai, UAE 09Jul By insure admin 0 0 WBN welcomes Malakut as new partner firm in Dubai, UAE HomeBlogFeedWBN welcomes Malakut as new partner firm in Dubai, UAE Home »Insurer Insights »WBN welcomes Malakut... WBN welcomes Malakut as new partner firm in Dubai, UAE Headquartered in San Francisco, California (USA...

‼ Hefty
💹 steep rise in
But new 💹 sprang up


https://www.insuredr.com/2020/07/08/insurers-face-hefty-pandemic-losses-newcomers-see-chance-to-step-in/

Insurers face hefty pandemic losses - newcomers see chance to step in Commercial insurers are facing hefty claims from the coronavirus crisis but are also seeing a steep rise in premiums. New insurance ventures sprang up after

Banks and insurers must implement plans to deal with risks related to .


https://www.insuredr.com/2020/07/01/uk-18-months-to-manage-climate-risks/

Bank of England give banks 18 month to manage climate risks Banks and insurers in Britain must implement by the end of 2021 plans to deal with risks to their businesses from climate change

events
vs.
Business Interruption
vs.
Renewals covering


https://www.insuredr.com/2020/07/01/game-over-for-sports-betting-on-coronavirus-insurance/

Game over for sports betting on coronavirus insurance Major sports events working to get back up and running after the coronavirus crisis are likely to have to do so without.. click to read the full article

🎌Japan - 2,400 punished for "misselling"


https://www.insuredr.com/2020/06/30/japan-post-to-punish-some-2400-employees-over-improper-insurance-sales/

Japan Post to punish some 2,400 employees over improper insurance sales Japan Post Holdings Co said on that it was punishing some 2,400 employees over improper sales of insurance policies as it looks to restore trust

Remdesvir 💉 drug 💊 at $ 2,340 per patient for wealthier nations. For companies in the US it will charge $3,120
Cipla's and Hetero 💊 in cost less than 5,500 rupees (less than $72)


https://www.insuredr.com/2020/06/30/covid-19-remdesivir-drug-at-2340-per-patient/

COVID-19 remdesivir drug at $2,340 per patient Remdesvir $ 2,340 per patient. US co. charged for $3,120. Cipla's & Hetero in cost less than 5,500 rupees (less than $72)

Guidance by The Bank of England: and to analyse the impact of on their operations.

https://www.insuredr.com/2020/06/30/bank-of-england-tells-banks-to-push-on-with-climate-risk-analysis/

Bank of England tells banks to push on with climate risk analysis The Bank of England told banks and insurers to press ahead with analysing the impact of climate change on their operations.

Third of want to postpone or have fewer because of the . Click on image to read the full article


https://www.insuredr.com/2020/06/25/pandemic-has-u-s-women-re-thinking-plans-for-motherhood/

Pandemic - Has U.S. women re-thinking plans for motherhood? Third of US women want to postpone pregnancy or have fewer children because of the covid19, Read the full article

- precedent?


https://www.insuredr.com/2020/06/25/french-restaurant-settles-with-axa-in-tussle-over-lockdown-losses/

French restaurant settles with Axa in tussle over lockdown losses French restaurant owner who won a court battle with Axa over lockdown-linked losses, potentially setting the tone for payouts to others facing similar problems.

Cigna announced the results of its first Cigna Global Impact Study. click on image for full article, watch the video & infographics.

https://www.insuredr.com/2020/06/24/cigna-covid19-global-impact-study/

Cigna - Covid19 Global Impact Study Cigna announced the results of 1st Cigna COVID-19 Global Impact Study, from 8 markets including UAE, China, Hong Kong, Thailand, UK, Singapore, Spain and USA

capital rules for , known as Solvency II, have long been criticised by lawmakers as too inflexible

https://www.insuredr.com/2020/06/24/britain-sets-out-how-it-will-regulate-the-city-after-brexit/

Britain sets out how it will regulate the City after Brexit Britain will "tailor" capital rules for insurers inherited from the European Union as it takes back control of its crucial financial services sector