Keep up with what has been happening this week in our latest insurance news round-up…
To improve ethnic representation in the London insurance market; Brit Insurance has partnered up with the African Caribbean Insurance Network (ACIN). ACIN was formed in 2018 to increase Black and minority representation in the insurance industry and to make the sector more attractive for young professionals from underrepresented ethnic backgrounds.
The World Trade Organization will appoint their first female Director-General for the first time in its 25-year history. They are now down to two potential bosses; South Korea’s Yoo Myung-hee and Nigeria’s Ngozi Okonjo-Iweala with a decision being made early next month.
Insurer, QBE has reported that they plan to have 45 ‘robots’ across their European division by the end of the year; which will help complete double the number of tasks compared to the same time in 2019.
Rules at some branches of the biggest banks in Britain have required staff to store their phone in lockers; whilst at work putting them at risk from customers and colleagues as they won’t be able to access the NHS Covid-19 tracing app.
Hospitality businesses have already been affected by the Covid-10 pandemic but now insurers are exiting from riskier businesses or raising premiums to improve their performance. Karen Ritchie, President of the Toronto Insurance Council has said that those at most risk of this are businesses that need coverage for accidents caused by alcohol-impaired clients.