Keep up to date with the latest actuarial and finance news in our weekly round-up…

 

Government borrowing hits record £62bn in April over coronavirus measures

UK government borrowing rose by a record £62.1bn in April alone as the government paid people’s wages and loaned businesses cash to survive the coronavirus lockdown, statistics showed today.

COVID-19 could unleash ‘avalanche’ of systemic shocks – WEF

The world is unprepared for the heightened environmental, societal and technological risks brought on by the COVID-19 pandemic, the World Economic Forum (WEF) has warned today.

Insurance brokers slammed for conflicts of interests amid coronavirus business interruption claim disputes

Insurance brokers have been attacked for “scandalous” conflicts of interests in a report published on Wednesday.

Aviva estimates COVID-19 impact on specialist schemes and brokers as related BI claims reach £200m

The insurer calculates that coronavirus-related claims across its general insurance business will total £160m net of reinsurance.

COVID-19 linked to 54% drop in Q1 insurtech funding: WTW

A new report from Willis Towers Watson has found that insurtech investment worldwide totalled about $912 million during the first three months.

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