Economy

Insurance premiums rising for Singapore businesses on Covid-19 risk aversion: Aon

SINGAPORE – Insurance pricing is increasing across most lines of business in Singapore as the industry reacts to recent losses and uncertainty over the coronavirus pandemic, according to a report by Aon. Insurers are also trying to limit potential losses by reducing or sometimes withdrawing their capacity to write new policies or renew them, said […]

Business

Aviva sees $276 million in Covid-19 claims, weaker second quarter

LONDON (REUTERS) – British insurer Aviva expects £160 million (S$276 million) in claims related to the coronavirus pandemic and weaker second quarter sales, it said on Thursday (May 21), as government lockdowns aimed at containing the virus hit the global economy. Insurers globally are likely to face more than US$107 billion (S$151.4 billion) in underwriting […]