Perfect storm: Insurers battle deluge of 500,000 catastrophic claims – Analysis – Insurance News

A series of hurdles have constrained insurers as they battle half a million claims from a series of some of the worst catastrophes ever experienced in Australia. Insurance Council of Australia (ICA) tells, the industry has been hit by 379,368 claims resulting in losses of $5.84 billion from the combined total of three declared … Read more

Insurance Commissioner: Knowing your coverage is vital – American Press

Louisiana Insurance Commissioner Jim Donelon speaks during the American Press insurance claims town hall on July 29, 2021, at the Eastwood United Pentecostal Church. (Rick Hickman/American Press) By Emily Burleigh As hurricane season progresses, Louisiana Insurance Commissioner Jim Donelon urges local homeowners to prepare for hurricane season by conducting an insurance review. “Know what your … Read more

What is the subscription of life insurance and how is it done? Here’s what buyers need to know

By Anup Seth The life insurance business is one of protection against risk. When you buy a life insurance policy, you’re buying one with the idea that if an incident results in your unfortunate death, your family will be financially in charge. In other words, you buy a policy because, in your opinion, the risk … Read more

like a work of art

On May 5, a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe sold for $142 million during an auction at the Mercedes-Benz Museum in Stuttgart, Germany. It was the highest price ever paid for a car at auction, far surpassing Ferrari’s eight-figure sales that had long surpassed first-class billing. The identity remains a mystery of the person … Read more

32% compound annual growth forecast between 2021 and 2026

DUBLIN, June 3, 2022 /PRNewswire/ — “Mobile Health (mHealth) Technologies and Global Markets” report added to offering. The rise of mHealth technology has revolutionized the healthcare industry in recent years, leading to increased market adoption and growth. These devices have an impact far beyond typical consumer uses, such as activity and fitness tracking, and … Read more

Pandemic affects mental and physical well-being, resulting in safer online, according to Swiss Re global consumer survey

More than half (60%) of respondents in emerging markets are increasingly concerned about their health as a result of the pandemic. almost 20 percentage points higher than in advanced markets In advanced markets, a third of the population surveyed reported a deterioration in their mental health in the previous year Globally, 40% of respondents are … Read more

Our digital initiatives have been the building blocks in shaping our business – Sachin Dutta, COO, Canara HSBC OBC Life Insurance

Canara HSBC OBC Life Insurance has been on a transformational journey in recent years and its digital initiatives have been the building blocks for the company to shape the business, he says. Sachin DuttaDirector of Operations, Canara HSBC OBC Life Insurance Some edited excerpts: Can you tell us about some of the main digital initiatives … Read more

Do red cars really cost more to insure?

On average, there are more than 6 million car accidents that occur on roads across the country each year. This results in insurance companies paying billions of dollars in claims related to these accidents. To help offset these types of losses, insurance companies will charge higher auto insurance rates to drivers who are determined to … Read more