World’s first insured Bitcoin vault opens in United Kingdom
The world's first Bitcoin storage service that insures deposits of the digital currency against hackers and accidental loss has opened in London. Bitcoin is a virtual currency that can be…
UK insurance bill for storm and flood damage estimated to cost £426 million
The insured bill for the damage caused by the storms and flooding over the Christmas 2013 and New Year period looks set to cost £426 million, according…
Global Consumer Insurance Survey 2012 Asia-Pacific by ERNST & YOUNG
The Asia-Pacific region is one of enormous growth and opportunity for insurers. It is also one of significant diversity. In developing countries, agency sales forces dominate and play a vital…
Total healthcare costs in India are projected to increase by 12.3% annually to USD214 billion by 2020 Swiss Re Study
The Health Protection Gap in the Asia-Pacific region could reachUSD197 billion in 2020, according to Swiss Re’s latest study, entitled Health Protection Gap: Asia-Pacific 2012. This study is the first…
The Changing Face of Affinity Group Distribution
A. Traditional “Affinity Channels†have concentrated on a few defined areas of focus: 1. Delivering a value proposition to members/constituents that included…
Italy quakes to cost insurers up to 700 million euros
Insurers could have to pay out as much as 700 million euros ($880 million) as a result of earthquakes that hit northern Italy this month, risk-modelling agency Eqecat said recently.
Losses from Natural Disasters Reach New Peak in 2011
During 2011, 820 natural catastrophes were documented around the world, resulting in 27,000 deaths and $380 billion in economic losses, according to data compiled by Munich Reinsurance Company and analyzed…
Swiss Re’s latest sigma study reveals huge economic losses of USD 370 billion from natural catastrophes
Swiss Re’s latest sigma study reveals unprecedented economic losses of USD 370 billion from natural catastrophes and man-made disasters in 2011.
Swiss Re reports strong net income of USD 2.6 billion for 2011
Swiss Re reports strong net income of USD 2.6 billion for the full-year 2011, despite an exceptional natural catastrophe burden. By focusing firmly on its core businesses and the implementation…
LIMRA and LOMA Name Kevin McWhinney to Head International Sales
LIMRA and LOMA announced Kevin McWhinney will join the organization as managing director of international partnerships.