Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Hong Kong insurers' health at risk as medical claims could double in decade
Medical claims paid by Hong Kong insurers could double within a decade, a study has warned, raising concerns over the sector's sustainability. The findings, released on Tuesday, showed total medical claims in the city rose by over 60 per cent…
Fuel crisis a lesson against 'insurance' for non-essential industries
The fallout from the conflict in the Middle East has left Australians feeling more anxious about the economy than they have for 50 years. Understandably, many are now asking what we can do differently to protect us from the next major shock. The…
How to Choose the Right Health Insurance Plans for Your Family
Choosing a health plan for your family is not always as simple as comparing premiums. Medical needs can vary across age groups, and a plan that works today may not be enough a few years later. That said, if you are exploring health insurance plans…
Health insurers' 'aggressive' tactics causing closures, private hospitals say
A former Bupa executive has accused health insurers of using 'almost bullying' tactics in their negotiations with private hospitals. As private hospitals and units close around the country, the industry has pointed much of the blame at large…
How to Use Life Insurance to Fund a Trust
If an irrevocable life insurance trust is the owner and beneficiary of a policy you can keep the death benefit out of your estate. Having a trust as a beneficiary of a life insurance policy can also help you control where the money goes in the…
Mark Cuban's next target: Insurance companies
Mark Cuban has left Shark Tank, sold the Dallas Mavericks, and poured more than $100 million into his prescription-drug startup, which is taking on pharmacy middlemen. Now he's coming for health insurers. The billionaire is working on an…
Health insurer Bupa accused of anti-competitive behaviour
Health insurance giant Bupa has been accused of anti-competitive behaviour in its dealings with private hospitals, which critics say is ultimately reducing choice for Bupa customers. Leaked documents have revealed how the insurer's contracts impose…
Sophisticated AI-powered insurance fraud tests detection systems
The rise in artificial intelligence (AI)-driven insurance fraud is putting the insurance sector on high alert, as insurers struggle to keep pace with increasingly sophisticated digital forgery techniques despite deploying their own AI-powered…
Watch: Bermuda start-up targets space insurance frontier
be21613e-8a25-4144-86f5-3aea3ef9bf85 Alessandro Santoni, founder and CEO of Orbway (File photograph) It was word of mouth that led to the incorporation of the latest Bermuda insurer aimed at providing solutions for the rapidly developing space…
Fitch expects softening rates to hit island re/insurers' results
9771ca47-b508-456f-bfcf-194315c5b7c5 Peer analysis: Fitch published a credit Analysts at Fitch Ratings see accelerating softening of rates impacting the results of a group of five Bermudian-based re/insurers. In a peer credit analysis featuring…
Nvidia's 'AI insurance policy' balances immediate and future AI approaches
AI is promising a lot these days, to change how we work, influence how we live, and transform network traffic. It's interesting, exciting even, but suppose it's all hype? Wall Street has been increasingly antsy about AI claims, and Nvidia is…
Fire risk isn't occasional, it's constant: The importance of industrial fire insurance
From the blazes in Lucknow's Vikas Nagar and Ghaziabad's Kanavani that claimed lives and rendered thousands homeless to those at Gurugram's packaging factory and Bharuch's chemical factory that caused major losses, a number of massive fire…
Who wants to be California's insurance commissioner? Your guide to the candidates
Picking the next insurance commissioner could be one of the most important decisions Californians make for their wallets this election year. They may have seen a big increase in their insurance premiums in the past couple of years. They might know…
After many storms, lawmakers may create local insurance program to help Cameron Parish residents
Some Louisiana lawmakers are hoping to create a first-of-its-kind insurance program for local homeowners in Cameron Parish as public officials look for ways to keep coastal residents in their homes and to combat soaring insurance costs for those…
Should Optimus Prime Be Insured? Ask China's 'Bottom Journals'
The papers look like they belong in top-tier academic journals: abstracts up front, references at the back, arguments neatly laid out in between. The language is precise. The tone is professional. One paper asks whether Optimus Prime should be…
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