Browsing: insurance

The insurance industry is lobbying for a 12% GST rate on health and life insurance, arguing it strikes a balance. The government is considering full exemption.

Many Americans with life insurance policies fail to update them after major life events, potentially leaving themselves and their families underinsured.

ManyPets is discontinuing its pet insurance offerings in the United States, with existing policies being transferred to Odie.

New data indicates vehicles are most likely to be involved in collisions while parked, highlighting the importance of understanding insurance claims.

Debasish Panda’s term as IRDAI chief saw significant consumer-centric reforms, impacting the insurance industry’s business models and future direction, including the Bima Trinity initiative.

The Financial Services Regulatory Authority (FSRA) of Ontario is cautioning consumers against doing business with Hero Life Insurance, which is not licensed to operate in the province.

Financial Acquisitions Corp moves closer to launching a vehicle to invest in the Lloyd’s of London insurance market.

LIMRA’s data reveals a thriving annuity market in 2024, driven by favorable economic conditions and increased investor awareness.

Chubb has created a new division combining its Lower Middle Market and Digital Small Business divisions, focusing on providing underwriting and service capabilities to small and lower middle market sectors. Rob Poliseno and Jason Ranucci have been appointed to lead the new unit.

Sberbank Life Insurance and Sberbank Insurance reported significant payouts to customers in 2024, reflecting strong performance and growth in the insurance sector.