London’s insurance industry is gearing up to cover Ukrainian grain and fertilizer shipments via a safe corridor, which could require up to US$50 million per insured cargo, industry sources said this week.
One of the largest life insurance providers in North America will no longer offer policies that do not include digital fitness tracking. John Hancock will now sell only interactive policies that collect health data through wearable devices such as a smart-watch.
One of the world's biggest re-insurers Swiss Re described the New Zealand earthquake as a ''significant event'' for the global insurance industry, as it warned insurance losses from the disaster could top 12 billion US dollars.