Insurance World

With nearly 680 million people using assets or services purchased through sharing economy platforms globally, new research from Lloyd’s the specialist Insurance market and Deloitte analyses how insurance can support growth against key risks in this booming sector. The study focuses on the peer-to-peer model and specifically the services, real estate and finance sectors.

Zurich International Life Ltd. (Zurich) is today launching Zurich Allocated Passive (ZAP) funds, a new investment solution which provides customers with five ready-made portfolios that make investing simple.

Having raised a ground breaking USD18 million from its corporate shareholders in a landmark Series A round of funding, Aqeed.com, the first InsureTech Specialist in the region, is now live.

Insurance companies operating in Jordan face challenging market conditions, with competition eroding technical margins, coupled with exposure to political, economic and financial system risks, according to a new market segment report by A.M. Best. Furthermore, the high number of players and concentration on the motor and medical insurance segments has intensified competitive pressures. Tariffs imposed by the government on motor business have further strained underwriting profitability over recent years.

Leading global health insurance provider Aetna International has signed a strategic partnership deal with Humanis, a French insurance group currently insuring 10 million people with 700,000 corporate clients. The partnership will increase access to global healthcare solutions for large corporations and French expats around the world, while also expanding Aetna International’s already-growing global reach.