by newsworm | Jan 3, 2025 | Aviva Life Insurance, Insurance
The article discusses the different types of life insurance available and provides a comparison of policies from several providers in the UK. The authors emphasize that the best type of life insurance depends on individual circumstances and the reasons for taking out... by newsworm | Jan 2, 2025 | Insurance
Palomar Holdings, Inc. (NASDAQ: PLMR) has completed the acquisition of First Indemnity of America Insurance Company (FIA) as of January 1, 2025. This marks the company’s entry into the Surety market, a profitable line of business with a healthy growth profile.... by newsworm | Jan 2, 2025 | Insurance
HDFC Life Insurance, a private sector insurer, received two separate demand notices from the Maharashtra state GST, totaling Rs 270.58 crore, on the first day of 2025. The demands are related to alleged excess availment of input tax credit (ITC) under the reverse... by newsworm | Jan 2, 2025 | Insurance
The Alberta hail suppression program, previously run by the provincial government, was shut down due to concerns over its effectiveness and value. However, insurance companies, who had a vested interest in reducing hail damage, collaborated to revive the program.... by newsworm | Jan 2, 2025 | Insurance
Sentry Insurance, a top mutual insurance company, has completed its acquisition of The General, a leading provider of non-standard auto (NSA) insurance, from American Family Insurance. The $1.7 billion deal is the largest in Sentry’s 120-year history. NSA... by newsworm | Jan 2, 2025 | Insurance
Digital insurance in India has revolutionized the industry, offering instant policy issuance, comprehensive comparison tools, and a hassle-free claims process. With digital insurance, consumers can purchase policies in minutes, eliminating the need for paperwork and... by newsworm | Jan 2, 2025 | Bajaj Allianz Life Insurance, Insurance
Axis Max Life Insurance Ltd. has launched a new index fund called Axis Max Life Sustainable Wealth 50 Index Fund. This fund is unique in that it is computed and maintained by NSE Indices Limited and invests in companies that generate cash flow. The fund aims to... by newsworm | Jan 2, 2025 | Insurance
China’s National Healthcare Security Administration (NHSA) announced plans to roll out stricter regulation of medical insurance funds through the implementation of drug traceability codes nationwide. The initiative aims to combat fraudulent activities such as... by newsworm | Jan 2, 2025 | Insurance
Arthur J. Gallagher & Co. has acquired Afina Insurance Advisors Inc., a property and casualty insurance broker based in Illinois. The acquisition will see George Van Denend and his team remaining at their current location, led by Ryan Isaacs, Head of... by newsworm | Jan 2, 2025 | Insurance
Kyobo Life Insurance Chairman Shin Chang-jae emphasized the importance of customer value-driven business innovation in the challenging insurance industry. He warned that the industry may face a “triple whammy” of declining growth, profitability, and...