Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Rethinking Employer Health Insurance: An Executive Perspective
Kumar Rupesh is a finance executive at FUTEK and author of From Theory to Execution, with 20+ years in strategy, finance, and operations. For many organizations, health insurance is great perk for the employees. It is not an operating expense, but…
How Insurance Leaders Can Adopt AI Without Losing Human Connection
Scott Murphy, Chief Executive Officer, Jewelers Mutual. Technology is changing how insurers operate, but progress should not be measured by how many tools an organization adopts. It should be measured by whether those tools help employees…
Insurance: Risk and Resilience
Climate hazards, mental health claims and private hospital costs are all growing much faster than premiums can, keeping the sector under pressure. 7 stories or Subscribe to save article Pricing the risk of climate disasters is a diabolical task…
Shenzhen aircraft takes flight in Hong Kong under pioneering insurance plan
A groundbreaking cross-border insurance policy covering a piloted aircraft has cleared a key regulatory obstacle, allowing the Shenzhen vehicle to take to the sky in Hong Kong. Shenzhen-based aircraft developer Yivtol recently obtained a policy for…
Family of seven's home left uninhabitable as insurer worsens damage
A family of seven are living in an overcrowded caravan and shed after insurance provider Suncorp exacerbated damage in their home. What started as a leaking toilet has turned into a mould disaster after proper remediation was delayed for months.
Rise in workers' claims pushing business insurers to the brink
Workers' compensation scheme reforms in NSW and Victoria have yet to have an impact on the soaring cost of business insurance, says Australian Industry Group CEO Innes Willox. Driven by a spike in mental health claims, particularly in the fields of…
Listed insurers 'at peak' as premium rises raise eyebrows
Investors and analysts remain wary of ASX-listed insurers, concerned earnings are at a cyclical peak after years of strong returns. “The market tends to reward earnings recovery where it looks repeatable,” says Janice How, professor…
Call to subsidise property cover to keep owners insured
Subsidised property insurance is an important way to address the increasingly urgent problem of ballooning property insurance costs in high-risk regions, according to experts in the field. A scheme of that nature would keep homeowners in the…
China's stocks rose by 0.4 per cent as insurers tout long-term investment
Chinese stocks rose, extending a rebound spurred by regulatory support after global-sell-offs dampened sentiment. The CSI 300 Index climbed 0.4 per cent as of 9.35am local time and the tech-heavy Star Market 50 index added 0.4 per cent. Hong Kong's…
Letters to the editor: Plant a tree, Political speech, A boost for health insurers
The recent flurry of letters and opinion pieces regarding automobile caused traffic congestion reminded me of the old saying about planting trees. “The best time to plant a tree was twenty years ago. The next best time is today.” The…
Insurers Find Workarounds on Risky Debt as Regulators Play Whac-A-Mole
Insurance regulators this month approved rules that aim to protect policyholders against big losses on a $314 billion slice of structured debt held in insurers' portfolios. But by the time they completed the four-year rule-making process, the…
Michael J. Cohen: The Architect Behind AIG's Global Expansion Now Shaping the Future of Insurance Through EOS
In an era before artificial intelligence and predictive analytics became industry standards, Michael J. Cohen was already operating at a level most executives today are still trying to reach. Article continues below advertisement A 40-year veteran…
South African workers sue U.K. insurer over labor rights violations
A group of former South African insurance industry workers has filed a lawsuit in London's High Court against U.K.-based Business Insurance Solutions Ltd. and its former chairman, alleging they were forced out of their jobs for seeking to exercise…
Roy Cooper Promises to Fight Big Insurance, So Why Is He Taking Campaign Donations From Them?
Roy Cooper has been a career politician for nearly four decades, and now he wants to be the next U.S. Senator from North Carolina. We've already covered his long history of r eleasing violent, dangerous criminals from custody, including illegal…
What to know about life insurance
Millions of adults go to great lengths to protect their assets. Those measures run the gamut from simple everyday efforts like utilizing two-factor authentication when accessing financial accounts via online or mobile banking apps to more…
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