Aviva to stop covering travel insurance & more…Keep up with what’s been happening this week in our latest insurance news round-up…
After the insurance company, LV, has seen the number of travel insurance policies sold double over the past week they have decided to stop the sale of travel insurance to new customers due to coronavirus.
Zurich has partnered up with California-based company, Carpe Data, who provide claims monitoring system powered by alternative and emerging data, in order to help in the detection of insurance fraud and improve claims processing efficiency.
Aviva, one of the UK’s biggest travel insurers have cut back cover in new travel insurance policies due to coronavirus outbreak. Customers who have bought travel insurance before this week will still have the full coverage for travel insurance.
Bupa has released their financial report earlier this week which shows that the insurer and healthcare group suffered a statutory pre-tax loss of £78 million this year which may be a result of the goodwill impairments in its Australian aged care and UK dental businesses.
The Association of British Insurers say that business insurance policies may be unlikely to cover insurance losses due to coronavirus despite the government announcing that they will declare COVID-19 as a ‘notifiable disease’, a classification required by most insurance policies.
Insurance firm, Admiral is to become the second FTSE 100 firm to have women as CEO and chair as they appoint their first female chief this week.