Insurers pay £90m in life insurance claims related to Covid-19 & more…Keep up with what has been happening this week in our latest insurance news round-up…

Coronavirus: £90m insurance payout for COVID-19 death claims at pandemic’s peak

The amount equates to around £980,000 a day, with around 7,000 life insurance claims received over the three-month period.

Zurich reveals operating loss of £63 million due to pandemic

Zurich Insurance Group has revealed that there has been a 40% drop on their 2020 results from last year’s H1 operating profit. The business has stated a UK business operating loss of £63 million, including £212 million of COVID-19 related items.

Roper Technologies has acquired Vertafore for $5 billion

Roper Technologies Inc, a leading diversified technology company has announced that they will acquire insurtech company Vertafore for $5 billion in order to strengthen their strategy to provide innovative and critical solutions to Vertafore’s customers.