FRANKFURT (dpa-AFX) – The first life insurers are sending a signal and putting an end to the years-long interest rate slump in the classic old-age provision product. According to industry experts, however, it will still take a while before life insurance policies across the board start yielding significantly more again, despite higher interest rates on … Read more
global, November 21, 2022 – WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, and The Nature Conservancy (TNC) today announced the United States’ first ever coral reef insurance policy. The policy will provide money for rapid coral reef repair and restoration across Hawai’i immediately following hurricane or tropical storm damage. “ With … Read more
AM Best has removed from under review with developing recommendations and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of ‘bbb+’ (Good) of First Insurance Company (SFIC) (Jordan). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect SFIC’s balance sheet strength, which AM Best assesses … Read more
In the midst of major geopolitical and economic challenges, Vienna Insurance Group (VIG) has reported a very positive development for the first three quarters of 2022 All key figures improved again compared to the same period in the previous year Of course, like any company, we are feeling the effects of the current situation, with … Read more
The market’s first direct digital distribution of usage-based liability insurance, uses cutting-edge data science techniques to make it happen London, Nov. 15, 2022 (GLOBE NEWSWIRE) — Specialist insurer Beazley has partnered with Assureful to offer the industry’s first, usage-based liability solution for e-commerce insurance companies. Assureful, which worked with Beazley’s Incubation Underwriting team to create … Read more
Insurance companies in Korea saw their capital strength improve as of the end of first half of 2022, with their average risk-based capital (RBC) ratio increasing by 9.4%p quarter on quarter to 218.8%. This improvement came after the ratio had dropped for the three quarters in a row since the third quarter of 2021 amid … Read more
The Korean insurance industry reported KRW 5,614.4 billion in net income for the first six months of 2022, down 1.1% from a year earlier. The industry delivered sharply divided results: the life insurance sector suffered a large decline in net income while non-life insurers continued to perform strongly in terms of bottom-line growth. Life insurers … Read more
Duck Creek OnDemand enables Argyle to roll out its first product through brokers in Australia Sydney, Oct. 26, 2022 (GLOBE NEWSWIRE) — Duck Creek Technologies (NASDAQ: DCT), the intelligent solutions provider defining the future of property and casualty (P&C) insurance, announces a milestone moment in insurance technology with its successful end-to-end implementation for start-up Australian … Read more
BEIJING, Oct. 26, 2022 /PRNewswire/ — Waterdrop recently opened its first independent personal insurance agent-based community outlet in Shenzhenwhich is the first outlet that cooperates with community healthcare centers on insurance service. Critical to Shenzhen’s medical service system, community healthcare centers, rooted in residential communities, aim to create “10-minute medical service circles” and meet people’s … Read more
SAN FRANCISCO, Oct. 12, 2022 (GLOBE NEWSWIRE) — Coalition, the world’s first Active Insurance provider designed to prevent digital risk before it strikes, today announced that Goldman Sachs (NYSE:GS) is recognizing the Coalition’s CEO and cofounder Joshua Motta on its list of the Most Exceptional Entrepreneurs of 2022 at its Builders and Innovators Summit in … Read more