Insurance and reinsurance group AXA has cited business interruption claims as one of the “most material impacts” in its new forecast for EUR 1.2 billion of losses in its property and casualty (P&C) businesses due to the Covid-19 pandemic. AXA has been a significant purchaser of reinsurance protection in recent quarters and also cedes a share of certain losses from its specialty insurance and reinsurance unit AXA XL to capital market investors. This morning, the insurer disclosed a forecast for a EUR 1.2 billion loss due to Covid-19 in its P&C business, saying it would set that amount of reserves for the event. Driving that loss are a range of areas of business, but the...
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AXA puts P&C virus claims at €1.2bn, cuts dividend Global insurer AXA has estimated that the COVID-19 pandemic will result in an overall P&C claims cost of €1.2 billion, post-tax and net of reinsurance. The figure came alongside news that the company will cut its dividend almost in half, from €1.43 per share to €0.73 per share. This decision, approved by AXA’s Board of Diretors on June 2 , followed communications from the European Insurance and Occupational Pensions Authority (EIOPA) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR). AXA is anticipating that most of the impact to its P&C business will come from business interruption and event cancellation lines....
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Latest added Global Healthcare Insurance Market research study by HTF MI offers detailed product outlook and elaborates market review till 2025. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study are Allianz, AXA, Nippon Life Insurance, American Intl. Group, Aviva, Assicurazioni Generali, Cardinal Health, State Farm Insurance, Dai-ichi Mutual Life Insurance, Munich Re Group, Zurich Financial Services, Prudential, Asahi Mutual Life Insurance, Sumitomo Life Insurance, MetLife, Allstate, Aegon, Prudential Financial, New York Life Insurance, Meiji Life Insurance, Aetna,...
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Global Child Health Insurance Market 2020-2027 Global Child Health Insurance Market Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2027. Market Over viewing the present digitized world, 80% of the data generated is unstructured. Organizations are using Child Health Insurance technology to unravel the meaning of such data to leverage business strategies and opportunities. A myriad of unstructured data is available online in the form of audio content, visual content and social footprints. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period Report scope furnishes with vital statistics about...
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AXA Asia accelerates telehealth rollout to support physical and mental health HONG KONG, April 20, 2020 /PRNewswire/ -- AXA is further boosting its telehealth and online services as part of the battle to support people as they deal with social distancing, lock-downs and isolation during the spread of COVID-19. To foster better health outcomes, the insurer offers free teleconsultations to approximately 6.5 million people in Asia, including under-served patients in remote, rural areas, with limited healthcare access. AXA plans to extend these services further, including in South East Asia, in solidarity with society. Essential services like telehealth have become more important during these...
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The Global Engineering Insurance Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2025). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions. Some of the key players in the Global Engineering Insurance market are Allianz, AXA, Nippon Life Insurance, American Intl. Group, Aviva, Assicurazioni...
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The report specifies the Global Body-part Insurance Market share held by the significant players of the business and conveys a full perspective on the focused scene. This Body-part Insurance market is ordered into various sections with the complete examination of each concerning the topography for the investigation time frame. The report has turned the spotlight on the startling rise in verifiable investigation and evaluations in the Body-part Insurance market with its future prospects. This research focus on Top-down and Bottom-up research analysis process, which will help investors to analyze the Financial market and to perform desired operations to choose Body-part Insurance market...
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Jan 17, 2020 (The Expresswire) -- Special Event Insurance Market 2020 report focuses on in the global market, especially in North America, Europe and Asia-Pacific, South America, Middle East, and Africa. The Special Event Insurance market report categorizes the market based on manufacturers, regions, types, and applications. Market Report World offers the latest published report on “ Special Event Insurance Market ” Analysis and Forecast 2020-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. Moreover, Special Event Insurance Market proposes Market Trend Analysis, Drivers, and Challenges by consumer behavior, Marketing Channels and...
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AXA Life Insurance Romania, part of French group AXA, registered losses of RON 45.9 million (EUR 10.4 million) in 2013, up 4.9 percent year-on-year, reports local news agency Mediafax. This was the company’s fourth consecutive year with negative results. In November last year, AXA announced it planned to sell the insurance operations in Romania to Astra Asigurari, and exit the local market. The transaction is pending regulatory approval. At the end of 2013, AXA Life Insurance had a share capital of RON 154.2 million (some EUR 35 million). AXA entered the Romanian market in 2010, when it took over Omniasig Asigurari de Viata from Vienna Insurance Group. According to AXA Life Insurance...
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Airtel launches Rs 279, Rs 379 plans for prepaid users: Check data, other key benefits Airtel has launched two new prepaid plans for its subscribers with 28 days and 84 days validity. Check out full details of the new plans. tech Updated: Jan 02, 2020 16:03 IST Airtel launches Rs 279, Rs 379 plans(Parashar/ Mint.) Airtel has launched two new prepaid plans for its subscribers in the country. Priced at Rs 279 and Rs 379, the new prepaid plans feature additional benefits such as life insurance coverage and cashback on purchasing a FasTag. Both the prepaid plans are listed on Airtel’s website. With the Rs 279 plan, Airtel is offering unlimited calls and 100 SMSes per day. It also...
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