Keep up to date with the latest insurance news in our weekly round-up…

 

Costliest decade of natural disasters recorded

Natural disasters have resulted in more economic losses over the last 10 years than in any other decade on record, research from insurance company Aon has found.

Co-Op Insurance and IBM play blame game over collapse of £175m megaproject

In a long-running spat, British insurer Co-Op Insurance is suing IBM for £155m over what it claims Is Big Blue’s “deliberate” failure to deliver a new IT platform for the British financial services provider.

Months of protests hit Hong Kong’s life insurance industry

Months of anti-government protests in Hong Kong have hit one of the city’s most lucrative industries and favoured channels for getting money out of mainland China – the sale of life insurance produts to Chinese tourists.

IMS brings usage-based insurance platform into the US and Canada

IMS, a subsidiary of Trak Global Group (TGG), has made a usage-based insurance platform for auto insurance available in both the US and Canada.

Getsafe, the German insurtech, brings its contents insurance app to UK

Getsafe, the German insurtech that offers home contents insurance via an app, has launched in the UK, despite an increasingly competitive market for insurance in the country, and the thorny regulatory issue of Brexit.

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