Insurance Industry News
A collection of Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Insurers race to increase subscriptions in Korea's underinsured pet market
Choi Kwang-soon, whose Shih Tzu is about to turn 15, hesitated before opening the bill. Caring for a dog with an aging heart already meant steady monthly spending on medication and checkups. But this time was different. Her dog had undergone…
Holiday hotspot considers mandating travel insurance for tourists
Thailand is considering implementing mandatory travel insurance for all tourists to address the significant issue of unpaid medical bills. The proposal has garnered support from the country's health and tourist bodies, aiming to alleviate the…
Exclusive | Insurers Take Bigger Risks Than Before 2008-09 Crisis, Report Warns
Most insurance companies got through the 2008-09 financial crisis all right. A ratings firm just warned that the industry might not get through the next one unscathed. A.M. Best plans to publish a report Friday that finds that the investment…
Brazil Banks Weigh Shifts to Insurance Fund After Banco Master
Brazilian banks are discussing shifts to the country's deposit insurance fund, known as FGC, after the Banco Master SA failure caused a roughly 52 billion reais ($10.2 billion) hit to the financial industry's backstop.
Thailand calls for mandatory travel insurance after unpaid medical bills soar
A new rule that would require tourists to have mandatory travel insurance in place before visiting Thailand has gathered support as unpaid medical bills put a strain on the country's healthcare system. Thailand's health and tourist bodies have…
Private Equity's Go-To Insurance Trades to Face UK Curbs, Sources Say
The Bank of England plans to clamp down on a tool that life insurers have used to offload billions of pounds of liabilities, often via deals with private equity-backed firms. The UK central bank is preparing to tighten its treatment of funded…
Fake Call Centre Busted: Insurance Policy Bonus Scam Exposed
A fake call centre in Delhi has been busted for defrauding insurance policyholders with promises of bonuses, leading to multiple arrests and exposing a sophisticated scam operation. Faridabad police busted a fake call centre operating from Tilak…
What's next for insurance stocks after Medicare Advantage rate boost
The $13 billion injection from the 2.48% payment increase is seen by some analysts as enabling meaningful margin expansion and incremental revenue but others caution this still lags medical cost inflation, meaning margin pressures will persist and…
'Substantial greed': Juice bar owner accused of fatal fire for insurance payout
The man accused of orchestrating a fatal arson at his own Chapel Street juice bar was motivated by “substantial greed”, a Melbourne court heard on Friday. Ibrahim Haddara, 28, allegedly ordered two arson attacks at his Golden Lounge…
Breast Cancer Is Rising in Young People. How to Get a Mammogram Before 40 Covered by Insurance
As the face of cancer in the U.S. gets younger and younger, more women should know about — and take advantage of — their options for breast cancer screening, experts say. Rates of breast cancer among those under 50 have risen every…
7 misunderstood home insurance terms and what they really mean
While buying a new property can be an exciting prospect as you can begin to make the place truly your own and lay down some roots, it is first crucial that you get home insurance to make sure everything is safely covered in case of any future…
DXC Introduces New Assure Smart Apps to Accelerate Insurers' AI-Powered Transformation
DXC Assure Smart Apps provide modular, pre-built, AI-driven workflows that deliver business benefits in 12 weeks or less Together with customers, DXC created and introduced new Claims Assistant, Engagement Assistant, and Underwriter Assistant apps…
Thu: Insurance, energy stocks lead rise
Following the ceasefire between the US and Iran, the main indices on the Tel Aviv Stock Exchange rose strongly today. The Tel Aviv 35 Index rose 2.64%, to 4,360.40 points; the Tel Aviv 125 Index rose 2.39%, to 4,255.83 points; and the BlueTech…
New York trial lawyers lobby against auto insurance reforms
(The Center Square) — Legal watchdog groups are accusing New York trial lawyers of funneling millions of dollars into democratic lawmakers' political campaigns in an effort to stall Gov. Kathy Hochul's crackdown on auto insurance fraud. The…
Health insurance lead sites sell personal data within seconds of form submission
Lead generation websites that offer health insurance quotes collect sensitive personal data and sell it to multiple buyers within seconds of a user clicking submit. A study by researchers at UC Davis, Stanford University, and Maastricht University…
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