AUSTRALIA’S INSURANCE REGULATOR PROPOSED EXPOSURE LIMITS OF LIFE INSURERS TO OFFSHORE REINSURERS

Highlights:

• The insurance regulatory body of Australia proposed exposure limits of the life insurers to the offshore re-insurers
• The APRA said that, it had been starting a consultation period for setting a standard
• The APRA is also planning...

US TREASURY WARNS CYBER INSURERS NOT TO PAY UNKNOWN RANSOMWARE VICTIMS

Highlights

• According to the advisories issued by two offices of the United States Department of the Treasury on ransomware payments, these kind of payouts are a threat to the national security

• As per the advisory, it should also be noted that even though Bitcoin ...

Digital insurance in India

Over the past few years, the insurance industry has experienced a transformation that has significantly changed the industry's trajectory and altered conventional aspirations. Because of a range of dynamic external factors from technology to socioeconomic factors to policies of the government...

A new entry to the insurance scene

As the insurance scene of India is quite a mess these days we are seeing the emerging players in the market as the new digital ones leaving the traditional ones smoking the dust in this digitization of the insurance sector.

A new entry to the market of insurance is from the State-owned ...

commercial P&C evaluation when average cat losses

The top U.S. property and casualty insurers area unit forecast to color a mixed earnings image after they disclose third-quarter results. Among the essential public U.S. P&C firms, sell-side analysts expect 9 to report year-over-year earnings gains, whereas eight area unit projected to record...

Hopes for home insurance

IRDAI (The Insurance regulative and Development Authority of India) is staring at developing a typical structure for title insurance that is obligatory for RERA registered comes. Title insurance provides indemnity to developers and resulting home patrons of the property against loses. Thanks to d...

First Health Insurer Announces Premiums - Much Higher Than Expected

DSW is that the initial health non-depository financial institution within the Kingdom of The Netherlands to announce its 2020 monthly premiums. the govt. declared that they expected premiums to rise by 3 euros a month in their governmental budget set up, however, DSW is putt premiums up double that...