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Life & Health tag returned 6089 results

  • Governments must be 'insurers of last resort' in pandemic risks

    COVID-19 has shown that pandemic-related business interruption (BI) is directly linked to the decisions of governments to implement lockdown measures, making it impossible for insurers to model and price such a risk. As such, BI risk is uninsurable by insurers alone, said a report from the Geneva Association.

    AIRPlus | 22 Apr 2021
  • Saudi Arabia: 29 insurers post aggregate GWP of over US$10bn in 2020

    The 29 listed insurance companies on the Saudi bourse reported an aggregate GWP of SAR38.3bn ($10.2bn) in the year ended 31 December 2020, 3.5% higher than in 2019, according to an analysis by regional boutique actuarial consulting firm, Badri Management Consultancy.

    Middle East | 22 Apr 2021
  • Association of British Insurers launches drive to boost mental health standards

    The Association of British Insurers (ABI) has launched a free online mental health training platform for improving the level of understanding of mental health in customer-facing roles.

    AIRPlus | 22 Apr 2021
  • India: Life insurers face the low base effect

    Life insurers in India reported high individual APE growth of 90% y-o-y in March 2021 on a low base translating to 40% y-o-y growth in the fourth quarter of financial year 2021 and 8% y-o-y for financial year 2021.

    AIRPlus | 22 Apr 2021
  • Insurers believe self-service will be the norm in the next five years

    There is a major move online by the consumers for the insurance purchase process for personal products like life, health, and property and casualty insurance according to a new survey conducted by Society of Insurance Research (SIR).

    AIRPlus | 22 Apr 2021
  • Why women agents are poised to drive the future of insurance distribution in India

    COVID-19 upturned our lives in many ways. Uncertainties made the consumer focus on securing the financial future of their loved ones, thereby scaling the demand for life insurance in the country. As the demand for life insurance shot up, an uptake in recruitment of insurance agents was also witnessed.

    Agents | 22 Apr 2021
  • India: LIC posts record first-year premium income in FY2021

    India's biggest life insurer, the state owned Life Insurance Corporation (LIC), has reported its highest-ever annual new business premium that amounted to INR1.84tn ($24.4bn) for the financial year ended 31 March 2021 (FY21). The figure represented growth of 4% over FY20's INR1.77tn.

    Asia | 22 Apr 2021
  • South Korea: Chinese InsurTech firm forms partnerships with Korean insurers

    China-headquartered Leapstack, an AI-enabled InsurTech company specialising in healthcare, has announced a strategic plan to ink strategic partnerships with multiple Korean insurance companies as the company advances into the South Korean market.

    Asia | 22 Apr 2021
  • HSBC Life appoints global head of customer proposition

    HSBC Life, HSBC Group's insurance business, has appointed Ying Teoh as global head of customer proposition, HSBC Life and Insurance Partnerships, based in Hong Kong.

    People | 21 Apr 2021
  • Saudi Arabia: 29 listed insurers post 42% jump in aggregate net profit in 2020

    The aggregate net profit generated by 29 insurance companies in Saudi Arabia jumped by 42% to SAR1,972m ($526m) in 2020 compared to profit of SAR1,393m in 2019, according to an analysis by Badri Management Consultancy, a regional boutique actuarial consulting firm.

    Middle East | 21 Apr 2021

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