Global Insurance News

News and information on international insurance industry

As the new ITV drama series Identity unfolds, you’d be forgiven for thinking that the criminal underworld of ID fraud is sinister and complicated.


Insurance industry on edge

An appeals panel decision to overturn the Patrick administration’s cap on Harvard Pilgrim Health Care premiums for small businesses and individuals has created more uncertainty for regulators, health insurers, and their customers as state officials prepare to rule next week on another round of proposed premium hikes.


President Obama on Tuesday warned the health insurance industry not to use the recent health care reform legislation as an excuse to raise premiums.


Below are the top five companies in the Multi-line Insurance industry as measured by relative performance.


Richer India moves up in insurance ranking

As Indians grow richer and save more for retirement, the share of the Indian life insurance industry has increased in world markets. India’s ranking among life insurance markets has risen from number 10 last year to the number 9 position, displacing Taiwan.


The new guidelines for unit linked insurance plans (ULIPs) have evoked a mixed reaction dividing the life insurance industry, with insurance giant Life Insurance Company of India (LIC) on one side and the private companies on the other.


Overall insurance industry sales should rise this year as the improving world economy boosts spending on life insurance after it flagged during the crisis, according to a study from Swiss Re on Tuesday.


Fitch Ratings has completed its study on the U.S. title insurance industry’s risk-adjusted capital (RAC) position at year-end 2009.


We recently watched the fiasco of Prudential offering to buy AIA for US$35.5 billion. The US government owns 80 per cent of AIA and accepted the offer. Shortly thereafter, Prudential decided that it was paying too much and lowered its price to US$30 billion. The US wouldn’t go for it and the deal fell through.


Insurance firm to create 85 jobs

Around 85 new jobs are to be created by the Zurich insurance group, Enterprise Minister Batt O’Keeffe has announced.


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