The Society of Claims Professionals of Chartered Insurance Institute has outlined its plans to assist its members both individually and collectively to get used to the new normal of working in 2022.
The National Health Insurance Company-Daman has launched a comprehensive five-year Emiratisation strategy, aimed at increasing the number of UAE nationals in specialised roles across the company
Since 1 January 2022, insurance claimants are entitled to ask whether those who are providing assistance to them in handling and settling claims are licensed. This is because from that date, persons providing claims handling and settling services are required to hold an Australian financial services (AFS) licence under the Corporations Act 2001.
A review of the handling by insurers of nearly 9,000 insurance claims from consumers affected by the 2019-20 'Black Summer' bushfires shows improved claims handling practices, says the Australian Securities and Investments Commission (ASIC).
A recent survey of the members of Automobile Association (AA) of UK has revealed that two thirds of drivers (65%) would initially call someone other than their insurer following a collision.
The Turkish Catastrophe Insurance Pool (TCIP) has paid out TRY401m ($41.8m) in compensation for losses caused by the magnitude-7 Izmir earthquake that struck on 30 October 2020.
The automotive branch of the Algerian insurance sector is in serious crisis, struggling to compensate policyholders in a timely manner, while the number of road accidents continues to increase.
The scale of traditional general insurance risks will shrink significantly over the next 5-10 years due to the convergence of technological advances coupled with fundamental changes in asset ownership among consumers, says Cognizant, a multinational technology company.
Tower Insurance and FRISS will collaborate to expand automation to detect genuine and suspicious claims in real time and allow for a faster process for customers in need.
A consumer court in India has asked an insurance company to settle the health insurance claim of a patient addicted to smoking and afflicted with lung cancer.