US survey finds fear of losing health insurance, keeps 1 in 6 workers in their jobs
According to a new West Health-Gallup survey of more than 3,800 U.S. adults, one out of every six adult workers (16%) in the USA are staying in jobs they might…
COVID-19 is far from the only risk facing insurers and financial sector firms: Allianz
COVID-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation.However, financial institutions are also facing many other risks…
IOC renews medical insurance for petrol pump attendants& LPG delivery boys
Indian Oil Corporation has recently renewed the insurance cover for petrol pump attendants and LPG delivery boys with an objective to secure its frontline workers against health emergencies. In a…
Goa Government brings COVID-19 under its health insurance scheme
The Goa Government has recently brought COVID-19 treatment under its flagship medical insurance scheme, which covers the entire population of the state. According to a notification issued by Additional Secretary…
Central Government weighs Rs. 1 trillion pandemic pool to bail out the uninsured
Stung by the severity of the second wave of the COVID-19 pandemic, India is considering setting up a COVID-19 pandemic pool worth at least Rs. 1 trillion to financially help…
Bharat Yatra Suraksha: IRDAI launches guidelines on standard domestic travel insurance policy
IRDAI has recently issued guidelines on Bharat Yatra Suraksha, the standard domestic travel insurance product, that will provide coverage for hospitalization expenses, death, permanent complete or partial disablement due to…
Direct Insurance rebrands as Aventum
Direct Insurance, the fast growing independent International (Re)Insurance Group, has recently announced a global restructure and rebrand to Aventum. The move came with the focus to position the group for…
Guidewire unveils end-to-end usage-based insurance solution
Guidewire Software, Inc. has recently announced the availability of Guidewire's Usage-Based Insurance Solution. Designed with speed in mind, the UBI Solution can be deployed within 12 weeks and it supports…
Sun Life reports first quarter 2021 results
Sun Life Financial Inc recently announced its results for the first quarter ended March 31, 2021. First quarter reported net income was $937 million and underlying net income was $850…
General insurance industry in India to reach US$36.4bn in 2024, says GlobalData
The general insurance industry in India is projected to grow from INR1.9 trillion (US$27.7bn) in 2019 to INR2.9 trillion (US$36.4 bn) in 2024, in terms of gross written premium…