Aditya Birla Capital has strengthened Aditya Birla Housing Finance Limited (ABHFL) with an investment of Rs 249 crore.
Aditya Birla Capital Limited (ABCL) has invested Rs 249 crore in its subsidiary, Aditya Birla Housing Finance Limited (ABHFL), through a rights issue. This is the second infusion of funds into ABHFL, following a previous investment of Rs 300 crore. The additional capital will enable ABHFL to pursue new growth opportunities, expand its lending portfolio, and enhance its ability to serve a wider customer base. The investment aims to support ABHFL's growth plans and improve its leverage ratio,...
Indiana lawmakers reject new congressional map; Senate fails to pass health care bills
Maryland Democrat David Trone has announced his candidacy for the House of Representatives, seeking to reclaim the seat he previously held. Trone, the founder of Total Wine & More, had unsuccessfully run for the Senate in 2024, spending over $60 million of his own money on the campaign. His entry into the race sets up a fierce primary against incumbent Rep. April McClain Delaney, who had succeeded Trone after he left the seat to pursue his Senate bid. Trone launched his campaign with a video...
Edelweiss Mutual Fund has achieved an 80% growth in assets under management (AUM) over the past 3 years. The company has also reached a milestone of Rs 500 crore in systematic investment plans (SIPs), which Radhika Gupta attributes to investor confidence.
Edelweiss Mutual Fund has achieved a significant milestone, reporting a total Assets Under Management (AUM) of approximately Rs 1.64 lakh crore as of October 31, 2025. This represents an impressive growth of over 80% in just three years, up from Rs 91,000 crore in October 2022. The fund house has also crossed the Rs 500 crore mark in its monthly Systematic Investment Plan (SIP) book, demonstrating strong investor confidence and sustained inflows. The SIP book, which captures regular monthly...
Idaho health insurance enrollment deadline approaches
Idaho residents have until December 15 to enroll in health insurance coverage for 2026 through Your Health Idaho. To be eligible, individuals must not have affordable employer-sponsored coverage, be under 65 or not eligible for Medicare, and not be eligible for Medicaid or other federal health insurance programs. They must also be a U.S. citizen or lawfully present and have a primary residence in Idaho. However, Idahoans may face increased monthly health insurance premiums if Congress does not...
Senate to Vote on Dueling Health Care Proposals with Little Sign of Resolution: NPR
The US Senate is set to vote on two healthcare-related bills on Thursday, but both are expected to fail. The subsidies for the Affordable Care Act (ACA) are set to expire at the end of the month, affecting millions of Americans. Democrats are seeking a three-year extension of the subsidies, warning that without it, healthcare premiums will skyrocket in 2026. However, the Democratic proposal lacks enough Republican support to pass. Republicans argue that extending the subsidies would allow...
‘NoRKA Care’ insurance launched exclusively for non-resident Keralites – Kerala Kaumudi
The Kerala government has launched 'NoRKA Care', an exclusive insurance scheme designed specifically for non-resident Keralites (NRKs). This initiative aims to provide comprehensive protection and support to NRKs, addressing their unique needs and challenges while living abroad. NoRKA Care is a joint venture between the Non-Resident Keralites Affairs (NoRKA) department and a leading insurance provider. The scheme offers a range of benefits, including life insurance, health insurance, and...
UK’s Aviva implements GBST’s Composer platform
Aviva, a British multinational insurance company, has partnered with GBST to implement the Composer software-as-a-service (SaaS) platform for its individual annuities business transformation program. The platform will support Aviva's efforts to enhance its retirement planning offerings and improve the customer experience. With 25.2 million clients across the UK, Ireland, and Canada, Aviva is leveraging the Composer platform to capitalize on the resurgence of individual annuities sales. The...
Research And Views Archives | Equitymaster
The article discusses the e-commerce landscape in India, specifically focusing on two major players: Nykaa and Meesho. As the Indian e-commerce market continues to grow rapidly, these two companies are at the forefront of this trend. The question on everyone's mind is which business model will show stronger scalability, profitability potential, and long-term growth drivers in 2026 and beyond. Nykaa, a leading online beauty and fashion retailer, has established itself as a major player in the...
Momentum is considering an initial public offering (IPO) for its joint venture with Indian billionaire Kumar Mangalam Birla.
Momentum Group Ltd, a South African insurer, is considering an initial public offering (IPO) for its Indian venture, Aditya Birla Health Insurance Co. The company, which has $172 million in excess capital, plans to spend a third of this amount to expand its businesses in South Africa and add new services in India. Momentum's CEO, Jeanette Marais, stated that the Indian market has "massive potential" and the company would rather invest in high-growth markets like India. Momentum controls about...
IFFCO MD Dr. Udai Shanker Awasthi retires after four decades of decisive leadership role
Dr. Udai Shanker Awasthi, the Managing Director of the Indian Farmers Fertiliser Cooperative Limited (IFFCO), will retire on July 31, 2025, after a tenure spanning over four decades. Awasthi, a chemical engineer from Banaras Hindu University, joined IFFCO in 1976 and became Managing Director in 1993. During his time at IFFCO, he played a key role in expanding the cooperative's operations in India and abroad, leading international ventures and partnerships in countries such as Senegal, Oman,...
Home Health Aides to Receive New Medical Insurance Coverage
New York State has announced that it will replace the company providing health insurance to hundreds of thousands of home care workers next year. The current provider, Leading Edge Administrators, has been criticized for underpaying doctors, billing patients for care that should be covered, and attempting to cancel patients' insurance without notice. The company has also been accused of pocketing money meant for low-wage workers and directing profits to a shady charity. Leading Edge was hired...
The Supreme Court has ruled that the Split Multiplier concept is not applicable in the Motor Vehicles Act and should not be used by tribunals or courts when calculating compensation.
The Supreme Court of India has ruled that the concept of a "split multiplier" is not applicable under the Motor Vehicles Act, 1988, when calculating compensation for victims of motor accidents. The court made this decision while awarding enhanced compensation to the wife and children of a man who died in a motor accident in 2012. The deceased, aged 51, was driving his car when a bus collided with it, causing severe injuries that led to his death. The claimant-appellants, the wife and children...
GOP Senators to Counter Democrats’ Bid to Preserve Health Care Subsidies
GOP Senators are set to counter a bid by Democrats to preserve health care subsidies, according to a report by The New York Times. The move comes as Democrats attempt to extend the enhanced subsidies provided under the American Rescue Plan Act, which are set to expire at the end of 2022. These subsidies have helped make health insurance more affordable for millions of Americans, particularly those with lower incomes. The American Rescue Plan Act, signed into law by President Biden in March...
Aviva reveals the top risk for UK SMEs
Small to medium-sized enterprises (SMEs) are facing a multitude of concerns that go beyond just cyber threats. In addition to cyber risks, SMEs are worried about operational and financial challenges that could impact their businesses. Some of the top concerns include business interruption, reputational damage, fraud, and regulatory changes. Business interruption is a significant concern for 30% of SMEs, as it can have a devastating impact on their operations and bottom line. Reputational...
Vulnerable Republicans are growing anxious due to the divisions within the GOP on healthcare, according to a report by The Hill.
The Republican Party is facing internal divisions on healthcare, leaving some vulnerable members of Congress sweating about their reelection prospects. The party's inability to come up with a unified plan to replace the Affordable Care Act (ACA), also known as Obamacare, has created uncertainty and exposed deep divisions within the party. Some Republicans, particularly those in conservative districts, are pushing for a full repeal of the ACA, while others, especially those in moderate...
Dream of Year 2000 stands at remarkable heights today: Sanghani
IFFCO Tokio General Insurance, a joint venture between IFFCO and Tokio Marine Group, recently celebrated its Silver Jubilee at an event in New Delhi. The company marked 25 years of its establishment, which was a defining moment in 2000 when the Indian Farmers Fertiliser Cooperative Limited (IFFCO) joined hands with Japan's Tokio Marine Group. IFFCO Chairman Dileep Sanghani reflected on the journey, stating that the partnership was not just the establishment of another insurance company, but a...
Over the past 25 years, health insurance premiums have increased at a rate nearly three times that of worker earnings.
A recent study published in the journal JAMA Network Open found that health insurance premiums in the US have increased significantly between 1999 and 2024, outpacing worker earnings by three times. The main driver of these premium increases is the rising cost of medical services, particularly hospital services. Hospital costs have increased the most, while physician services and prescription drugs have risen more slowly. The study suggests that hospital consolidation, where hospitals and...
Obamacare Users Will Be Asked to Pay More for Plans That Cover Less – The New York Times
According to a recent report by The New York Times, users of Obamacare, also known as the Affordable Care Act (ACA), can expect to pay more for health insurance plans that cover less. This change is a result of the ongoing efforts to repeal and replace the ACA, as well as the Trump administration's actions to undermine the law. The report states that many people who buy their own health insurance through the ACA marketplace will face higher premiums and reduced coverage in the coming year....
Approximately 450,000 New York residents are expected to lose their Essential Plan health insurance coverage due to a funding cut in the federal budget.
New York state is facing a healthcare crisis as hundreds of thousands of families may soon lose their health insurance due to funding cuts. The state's Essential Plan, which provides low-cost health coverage to over 1.6 million people, is funded in part by federal dollars. However, the federal budget has been cut, and as a result, 450,000 people on the Essential Plan have been notified that their coverage will end this summer. These individuals, including freelancer Mike Walsh, will be left...
Swing District Republicans Prepare for Potential Political Backlash if Health Care Subsidies Lapse.
As the deadline for renewing health care subsidies approaches, Swing District Republicans are bracing themselves for potential political fallout. The subsidies, which were expanded under the American Rescue Plan Act, are set to expire at the end of the year. If they are not renewed, millions of Americans who receive financial assistance to purchase health insurance through the Affordable Care Act (ACA) marketplaces will face significant increases in their premiums. This could have major...
Aviva’s digital transformation results in reduced customer premiums
A recent survey by GlobalData found that price or premiums and the speed of response to queries or quotes are the key factors for insurance brokers when choosing which insurer to place business with. The survey, which focused on the UK commercial insurance market, revealed that 28.4% of respondents considered price or premiums as the most important factor, while 8.8% prioritized the speed of response to queries or quotes. This highlights the need for insurers to balance competitive pricing...
Trump’s initial challenge lies in acknowledging difficulties with the economy and healthcare.
President Donald Trump is facing a critical test this week as he attempts to address the rising costs of healthcare, groceries, and housing, which are a major concern for millions of Americans. Despite his claims of a thriving economy, many Americans are struggling to make ends meet, and Trump's response has been met with skepticism. The Senate is expected to vote on extending expiring subsidies on Affordable Care Act programs, which could leave millions without affordable healthcare options...
Dream of Year 2000 stands at remarkable heights today: Sanghani
IFFCO Tokio General Insurance, a joint venture between IFFCO and Tokio Marine Group, celebrated its 25th anniversary at Bharat Mandapam in New Delhi. The event marked a significant milestone in the company's journey, which began in 2000 when IFFCO, the world's largest fertilizer cooperative, partnered with Japan's Tokio Marine Group, one of the largest insurance giants. IFFCO Chairman Dileep Sanghani reflected on the union, stating that it was not just the establishment of another insurance...
The Indian government is reconsidering a plan to merge public sector general insurance companies as part of a broader push to restructure the insurance sector. The plan, which had been previously discussed, is back on the table and includes options for capital infusion and privatization.
The Indian Finance Ministry is reconsidering the merger of three state-owned general insurance companies: Oriental Insurance, National Insurance, and United India Insurance. This proposal was initially announced in the 2018-19 Budget to improve efficiency and scale by consolidating the three entities into a single insurer. However, the plan was dropped in July 2020, and instead, the government infused Rs 17,450 crore between 2019-20 and 2021-22 to revive the companies, which were facing...
Dream of Year 2000 stands at remarkable heights today: Sanghani
IFFCO Tokio General Insurance, a joint venture between IFFCO and Tokio Marine Group, celebrated its 25th anniversary at Bharat Mandapam, New Delhi. The event marked a significant milestone in the company's journey, which began in 2000 when IFFCO, the world's largest fertilizer cooperative, partnered with Tokio Marine Group, one of the largest insurance companies globally. IFFCO Chairman Dileep Sanghani reflected on the union, stating that it was not just the establishment of another insurance...
Safeguard Your Vehicle This Monsoon: Essential Motor Insurance Add-Ons from Royal Sundaram
The monsoon season in India poses significant challenges for car owners, with heavy rains and flooding affecting nearly 90% of cities. This can lead to vehicle wear and tear, and subsequent repair expenses can be substantial. To mitigate these risks, having the right insurance coverage is crucial. Royal Sundaram offers innovative motor insurance add-ons that provide extra protection for vehicles during the monsoons. One such add-on is the Depreciation Waiver Cover, which allows customers to...
IFFCO-TOKIO & Cooperatives: Micro Insurance: Rediff Money news
IFFCO-TOKIO General Insurance Company has partnered with various cooperatives to offer micro insurance package policies, providing affordable solutions to under-covered communities. This initiative is part of the company's celebration of its silver jubilee and aligns with the Insurance Regulatory and Development Authority of India's (IRDAI) vision of "Insurance for All by 2047". Established in 2000 as a joint venture between Indian Farmers Fertilizer Co-operative (IFFCO) and Japan-based Tokio...
Republicans in Congress have yet to propose a comprehensive health plan, despite ongoing discussions and criticism of existing healthcare policies.
As the deadline for repealing and replacing the Affordable Care Act (ACA), also known as Obamacare, looms closer, Republicans in Congress are still struggling to come up with a viable healthcare plan. Despite having seven years to devise an alternative, the party remains deeply divided on the issue, with factions disagreeing on key aspects such as Medicaid expansion, pre-existing conditions, and the role of government in healthcare. The lack of a clear plan has raised concerns among lawmakers,...
IFFCO Tokio Celebrates 25 Years of Excellence, Receives Congratulatory Messages
IFFCO Tokio General Insurance Company Ltd. has completed 25 years of service, marking a significant milestone in its journey. The company has received congratulatory messages from across the cooperative and insurance sectors, celebrating its contribution to rural India, particularly farmers and cooperatives. K J Patel, MD of IFFCO, expressed pride in the company's journey, recalling the strong foundation upon which the joint venture was built. One of the company's notable initiatives is the...
Idaho Congressman Fulcher introduces bill extending private, short-term health care coverage
Idaho Congressman Russ Fulcher has introduced a bill aimed at expanding access to private, short-term health care coverage. The proposed legislation, which has been sent to the House Energy and Commerce Committee for review, seeks to provide individuals and families with more options for temporary health insurance. Currently, short-term limited-duration insurance (STLDI) plans are available for up to 12 months, with the option to renew for up to 36 months. However, these plans are not...
PNB MetLife Achieves 99.57% Individual Claim Settlement Ratio in FY2025, Reinforcing Customer Trust
PNB MetLife India Insurance Company Limited, a leading life insurance company in India, has announced its claim settlement ratio for FY2025. The company has achieved an individual claim settlement ratio of 99.57 percent and a group claim settlement ratio of 99.72 percent. This reflects the company's focus on supporting policyholders and their families. In FY2025, PNB MetLife processed 5,615 retail claims amounting to INR 431.35 crore and 8,419 group claims totaling INR 510.77 crore. The...
Tata AIA Achieves Benchmark-Beating Returns Across Its ULIP Fund Suite
Tata AIA Life Insurance has solidified its position as a leading provider of market-linked life insurance solutions in India. The company's ULIP (Unit-Linked Insurance Plan) funds have delivered consistent and competitive returns across equity and hybrid categories over the last five years. As of November 30, 2025, the returns on some of the funds are: Multi Cap Fund (23.21%), Top 200 Fund (24.08%), and India Consumption Fund (23.85%). These funds have outperformed their respective benchmarks,...
Charity care can be a viable solution for individuals struggling to pay their hospital bills, offering a potential lifeline to those in need.
Hospitals in the United States are required by law to provide "charity care" to eligible patients, which can help alleviate the financial burden of medical bills. Charity care programs are designed to assist low-income individuals who are uninsured or underinsured, and are struggling to pay their hospital bills. These programs can significantly reduce or even eliminate medical debt, making healthcare more accessible and affordable for those in need. To be eligible for charity care, patients...
Tata AIA Sampoorna Raksha provides a promise to help families secure their financial goals despite the increasing cost of living.
Tata AIA Life Insurance has introduced the Tata AIA Sampoorna Raksha Promise, a comprehensive term insurance plan designed to provide financial security to families amidst rising living costs. The plan offers life coverage for up to 100 years, flexible premium options, and optional riders such as Terminal Illness with Term Booster, Accidental Death Benefit, and Accidental Total and Permanent Disability. Women policyholders are eligible for a 15% discount, promoting affordability and financial...
Edelweiss AMC believes that short duration debt funds provide the best value at present, following the Reserve Bank of India’s (RBI) decision to cut interest rates.
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has cut interest rates by 25 basis points, bringing the repo rate down to 5.25 percent. This move is seen as a signal of early policy easing, ahead of other global central banks. The committee voted unanimously for the rate cut, while maintaining a "neutral" stance, despite inflation softening and growth momentum remaining strong. The RBI has also lowered its average CPI inflation forecast for the current fiscal year to 2.0...
Safeguard Your Vehicle This Monsoon: Essential Motor Insurance Add-Ons from Royal Sundaram
In India, the monsoon season brings numerous challenges for car owners, including heavy rainfall, unpredictable weather, and sudden flooding. According to a recent survey, 68% of respondents reported significant vehicle wear and tear, as well as related costs, due to these seasonal issues. To mitigate these risks, having the right insurance coverage is crucial. Royal Sundaram offers a range of add-ons that provide extra protection for vehicles during the monsoons. One such add-on is the...
Non-life insurers record 2% premium growth in September, Bajaj Allianz General Insurance leads the way
The non-life insurance sector in India has reported a modest 1.94% year-on-year growth in gross direct premium to Rs 23,430 crore in September. This growth was driven primarily by an increase in standalone health insurance premiums. The largest general insurer, New India Assurance, saw a 3.5% rise in premiums, while ICICI Lombard General Insurance reported a 6.2% increase. Other state-owned insurers, such as United India Insurance and Oriental Insurance, also reported significant growth, with...
Congress is struggling to make progress on healthcare as the deadline for Obamacare approaches.
The US Congress is facing a looming deadline to extend enhanced Obamacare subsidies, which are set to expire on December 31. If these subsidies are not extended, tens of millions of Americans will face skyrocketing health care premiums next year. Despite the urgency of the situation, lawmakers in both parties are struggling to reach a consensus on how to proceed. GOP leaders, including House Speaker Mike Johnson, are under pressure to come up with a plan, but many of their own members are...
Introducing Aviva Fusion – Coverager
Introducing Aviva Fusion, a cutting-edge insurance solution designed to provide comprehensive coverage for businesses. Aviva Fusion is an innovative product that combines the benefits of various insurance policies into one seamless package. With Aviva Fusion, businesses can enjoy the convenience of having all their insurance needs met under one roof. This integrated approach allows businesses to simplify their insurance management, reducing administrative burdens and minimizing the risk of...
Pause – Sapna Desai, CMO, ManipalCigna Health Insurance
The individual finds their job in marketing to be highly engaging and fulfilling. They cite the constant momentum as a key factor in keeping them energized, as there is always something new to learn, understand, or improve upon. The field of marketing is ever-evolving, with new insights to uncover, behaviors to analyze, and stories to tell. This perpetual motion ensures that the job remains exciting and challenging. Another aspect that the individual values is the opportunity to be close to...
Aviva is set to eliminate over 60 positions following the closure of By Miles.
Aviva, a leading insurance company, has announced that it will be closing down Direct Line Group's (DLG) By Miles, a pay-as-you-drive motor insurance provider. This decision follows a strategic review of Aviva's businesses after it acquired DLG earlier this year. As a result of the closure, Aviva expects to cut 62 roles, with the reduction being phased throughout 2026. The company has stated that it will work to support those affected by the job losses, including exploring other opportunities...
Tata AIA Life has launched a life insurance plan that also offers savings benefits.
Tata AIA Life Insurance has introduced a new life insurance cum savings plan called the Tata AIA Shubh Flexi Income Plan. This non-linked, participating plan offers policyholders three options to choose from, catering to different financial needs and goals. The options include: Endowment Option: Provides a lump sum payout at the end of the plan, allowing policyholders to receive a single payment. Early Income Option: Offers yearly cash bonuses from the first year of the plan, providing a...
The Supreme Court has upheld the ‘pay and recover’ method in motor accident claims, allowing claimants to receive compensation first and then permitting insurance companies to pursue recovery from the liable party.
The Supreme Court of India has made a significant ruling in the case of K. Nagendra v. New India Assurance Co. Ltd., reaffirming the principle of victim-centric justice in motor accident compensation. The court held that an insurer cannot deny compensation to accident victims merely because the vehicle was operating beyond its route permit. This decision emphasizes that technical policy violations cannot override the social justice embedded in the Motor Vehicles Act, 1988. The case involved a...
Frustrated GOP barrels toward key health insurance vote without a clear plan
The Republican Party is moving forward with a crucial vote on healthcare without a clear plan, causing frustration among lawmakers. The vote, which is expected to take place soon, aims to repeal and replace the Affordable Care Act (ACA), also known as Obamacare. However, the party is still struggling to come up with a unified plan, leading to uncertainty and concern among its members. The lack of a clear plan has led to disagreements among Republicans, with some pushing for a more...
Edelweiss Life reports highest-ever claim settlement ratio of 99.29% in FY25
Edelweiss Life Insurance has announced its highest-ever Claim Settlement Ratio of 99.29% in the fiscal year 2025. This ratio measures the percentage of death claims paid out compared to the total claims received, indicating the insurer's reliability and commitment to policyholders. According to Sumit Rai, MD & CEO of Edelweiss Life Insurance, the company's continuous refinement of processes, simplification of claim procedures, and provision of compassionate guidance have enabled it to maintain...
Finance Ministry reviews revival of mega PSU insurance merger, also considers privatisation and FDI hike.
The Indian Finance Ministry is reconsidering a proposal to merge three public sector general insurance companies: Oriental Insurance, National Insurance, and United India Insurance. The goal of the merger is to improve operational efficiency and scale. This plan was initially announced in the 2018-19 Budget by then Finance Minister Arun Jaitley but was put on hold in July 2020 in favor of a capital infusion of ₹12,450 crore. Between 2019-20 and 2021-22, the government invested ₹17,450 crore...
Millions of Americans are facing increasing health insurance costs, raising the question: can ‘Trumpcare’ provide a solution?
The cost of health insurance in the US is expected to increase significantly for millions of Americans, posing a major challenge for President Donald Trump. The enhanced tax credits introduced in 2021 under President Joe Biden, which reduced the cost of Affordable Care Act (ACA) premiums for roughly 24 million people, are set to expire on December 31. If the credits are not extended, the average premium is expected to more than double, with a family of four with a household income of $75,000...
Tata AIA Life Insurance Unveils Innovative Term Plan, Reports Strong Financial Growth
Tata AIA Life Insurance has introduced a new term plan, showcasing the company's commitment to innovation and customer-centricity. This move is part of the company's strategy to expand its product offerings and cater to the evolving needs of its customers. The new term plan is designed to provide comprehensive protection to policyholders, offering a range of benefits and features that set it apart from existing products in the market. The company has reported strong financial growth, driven by...
The Carlyle Group is in talks to acquire a significant stake in Nido Home Finance, as per reports from ETRealty.
Carlyle Group Inc. is in discussions to acquire a majority stake in Nido Home Finance Ltd., a Mumbai-based Indian home mortgage firm owned by Edelweiss Financial Services Ltd. The potential deal, valued at an initial funding of $300 million, would mark Carlyle's latest investment in India's financial services sector. Negotiations are ongoing, and a deal has not been finalized. If successful, Carlyle would join other prominent investors, such as Blackstone Inc. and Sumitomo Mitsui Financial...
For Democrats, a new approach to making healthcare affordable involves implementing policies that increase accessibility and reduce costs for individuals and families. This can include expanding Medicaid, strengthening the Affordable Care Act, and exploring alternative models such as Medicare for All or a public option. By doing so, Democrats aim to ensure that every American has access to quality, affordable healthcare, regardless of their income or social status.
The US is facing a healthcare affordability crisis, with 2026 expected to bring the steepest increases in medical costs in 15 years, at 6.7%. This burden will be passed on to employees in the form of higher premiums, co-pays, and deductibles. The current system is unsustainable, with 70% of working-age Americans relying on employer-provided health insurance, which is vulnerable to price gouging by providers and insurers. To address this issue, a three-part plan is proposed: 1. A reasonable cap...
The main reason we can’t buy health insurance across state lines is due to the McCarran-Ferguson Act of 1945, which gives states the authority to regulate health insurance. This law allows each state to set its own rules and standards for health insurance, resulting in varying levels of coverage, pricing, and provider networks.Additionally, the Employee Retirement Income Security Act (ERISA) of 1974 also plays a role, as it regulates self-insured health plans offered by large employers, but does not apply to individual health insurance policies.The Health Insurance Portability and Accountability Act (HIPAA) of 1996 also added complexity by allowing states to impose their own requirements on health insurance, further limiting the ability to buy insurance across state lines.In general, buying health insurance across state lines is restricted because each state has its own unique set of regulations, and insurers must comply with these regulations in order to operate within a given state. This makes it difficult for insurers to offer policies that can be sold across multiple states.
The Affordable Care Act's federal subsidies are set to expire, and President Donald Trump and Republican lawmakers are under pressure to propose a solution to address skyrocketing healthcare costs. One proposed solution is to allow Americans to buy health insurance across state lines. Currently, Americans can only purchase insurance policies from their home state due to the McCarran-Ferguson Act of 1945, which exempted the insurance industry from federal regulation and left primary authority...
Sreesanth’s 2012 Injury Case Reaches Supreme Court
The Rajasthan Royals cricket team is embroiled in a decade-long legal battle with United India Insurance Company over an insurance claim worth Rs 82 lakh related to S Sreesanth's injury in 2012. The dispute has reached the Supreme Court, with the team arguing that Sreesanth's absence from the season was due to a fresh knee injury, while the insurance company claims that a pre-existing toe injury was the reason. The insurance company had denied the claim, stating that Sreesanth had failed to...
Generali Central Insurance aims to double its premium income to Rs 10,000 crore by 2030.
The Indian insurance industry is witnessing significant growth, with several overseas insurers holding substantial stakes in local companies. For instance, Ageas holds 74% in Ageas Federal Life Insurance, while Aviva and Nippon Life have joint ventures with Dabur and Reliance Life, respectively. Zurich also owns 70% of Kotak General Insurance. The Insurance Amendment Bill, which seeks to allow 100% FDI in insurance, is likely to be passed in the ongoing Winter session of Parliament. Future...
Protect More, Live Freely – Tata AIA Maha Raksha Supreme Select Offers Flexible Life Cover – Business Standard
Tata AIA Life Insurance has launched a new life insurance plan called Maha Raksha Supreme Select, which offers flexible life cover options to policyholders. The plan is designed to provide comprehensive protection to individuals and their families, allowing them to live life freely without worrying about financial uncertainties. Maha Raksha Supreme Select is a non-linked, non-participating individual life insurance plan that offers a range of benefits, including death benefit, maturity...
Earnings upturn supports markets despite persistent macroeconomic fears, according to Edelweiss AMC.
India's equity market is experiencing a mix of positive earnings trends and macro concerns, according to Trideep Bhattacharya, CIO of Equities at Edelweiss AMC. The latest quarterly results have finally delivered earnings upgrades after a year and a half of subdued revisions, contributing to the market's recent buoyancy. This improvement is supported by government initiatives and a favorable macro backdrop. However, the optimism is tempered by uncertainty surrounding the India-US deal, with...
Tens of thousands of people in the Netherlands are being denied medical care due to a lack of health insurance, according to reports.
Tens of thousands of people in the Netherlands are being denied medical care due to a lack of health insurance. According to a report, many individuals are struggling to access necessary healthcare services because they are unable to afford the required insurance premiums. This has resulted in a significant number of people being turned away from medical facilities, including hospitals and clinics. The issue is particularly affecting low-income families, individuals with pre-existing...
Earnings upturn supports markets despite persistent macroeconomic fears: Edelweiss AMC
India's equity market is experiencing a mix of positive and negative trends, according to Trideep Bhattacharya, CIO of Equities at Edelweiss AMC. On the positive side, the latest quarterly results have shown much-needed earnings upgrades, supported by government initiatives and a favorable macro backdrop. This has contributed to the market's recent growth. However, this optimism is tempered by uncertainty surrounding the India-US deal, with delays creating nervousness among investors. The...
Insurance giant Aviva is doubling every donation to The Welcome Centre food bank until Christmas Eve.
Aviva, a leading insurance company, has announced a generous initiative to support The Welcome Centre food bank in Huddersfield. Until Christmas Eve, Aviva will double every donation made to the food bank, aiming to make a significant impact on the local community. This partnership demonstrates Aviva's commitment to giving back and helping those in need, particularly during the holiday season. The Welcome Centre is a vital organization that provides essential support to individuals and...
Tata AIA Life Insurance has launched a Gen AI-powered underwriting rule engine.
Tata AIA Life Insurance Company has introduced an innovative Underwriting Rule Engine (URE) that leverages machine learning, artificial intelligence, and big data analytics to streamline the underwriting process. This technology enables instant analysis of a consumer's data, including medical history and lifestyle information, to assess risk and generate a real-time risk assessment. The URE automates the traditionally slow and paper-heavy underwriting process, eliminating manual intervention...
Tata AIA’s Digital Leap: Redefining the Life Insurance Experience with Future-Ready Protection – Business Standard
Tata AIA Life Insurance has taken a significant digital leap to redefine the life insurance experience in India. The company has introduced a range of innovative digital solutions to provide future-ready protection to its customers. With the aim of making life insurance more accessible, convenient, and personalized, Tata AIA has leveraged technology to transform the entire customer journey. The company's digital transformation is driven by its customer-centric approach, which focuses on...
AHPI issues notice to Star Health Insurance, warns of suspension of cashless services from September 22, 2025 – Express Healthcare
The Association of Healthcare Providers India (AHPI) has issued a notice to Star Health Insurance, warning of a potential suspension of cashless services starting from September 22, 2025. This move is likely a result of unresolved issues between the two parties, although the specific reasons behind the notice are not explicitly stated. As a representative body of healthcare providers, AHPI plays a crucial role in facilitating cashless services for patients with insurance coverage. Cashless...
Aviva study exposes significant lack of understanding about UK pensions
A recent survey conducted by Aviva has revealed a significant gap between perceived and actual knowledge about pensions in the UK. Despite 53% of Brits claiming to be knowledgeable about pensions, only a third can correctly identify a Defined Benefit (DB) or Defined Contribution (DC) scheme. Furthermore, 20% of respondents don't know what type of pension they have, and 57% are unaware that the government contributes to pensions in the form of tax relief. The survey of over 2,000 UK adults...
In 2024, half of all health insurance claims for hospital care surpassed $6,553.
A recent report by Private Healthcare Australia (PHA) has revealed that Australian health insurers paid out a record A$9.4 billion in "high claims" for hospital treatment exceeding A$10,000 in 2024. This represents a 10% increase from the previous year, with 453,259 high claims made in 2024. These high claims accounted for over 50% of all hospital benefits paid by health insurers in 2024. The report highlights a significant increase in mental health hospital high claims for members aged 65 and...
Scary Financial Habits to Avoid This World Savings Day
As the world celebrates World Savings Day, Aviva is encouraging consumers to overcome their financial fears and develop better savings habits. The company has identified six "spooky money habits" that can challenge people's financial futures, including forgotten pensions, unexpected expenses, impulse buys, lack of budgeting, procrastination, and saving with no interest. Firstly, many people have forgotten about their old pensions, with 3.3 million lost pension pots in the UK worth £31.1...
Insurance company ordered to compensate policyholder after claim denial.
The District Consumer Disputes Redressal Commission-II in Chandigarh has ruled in favor of a policyholder, Tejinder Singh, who was denied a cashless medical claim for his wife's dengue treatment by Care Health Insurance Ltd. The commission ordered the insurer to reimburse Rs 60,000 along with 9% interest and awarded an additional Rs 10,000 as compensation for harassment and litigation expenses. Singh had purchased a group health insurance policy covering himself, his wife, and their son, and...
Rajasthan Royals dragged into the Supreme Court over shocking Sreesanth claim
The case of former Indian cricketer S Sreesanth's injury and the subsequent insurance claim by his team, Rajasthan Royals, has resurfaced in the Supreme Court. The incident dates back to 2012 when Sreesanth suffered a knee injury during a practice match, which led to him being ruled out of the IPL season. The Royals had insured their players under a policy worth over Rs 8.7 crore and filed a claim of around Rs 82 lakh, citing that the injury made Sreesanth unfit to participate. However, the...
Aviva Ventures has invested in Indico Data, with the goal of driving artificial intelligence (AI) adoption within the insurance industry.
Aviva Ventures, the corporate venture arm of UK-based insurance giant Aviva, has invested in Indico Data, a Boston and London-based company that specializes in AI-powered automation for the insurance industry. The investment aims to support Indico's expansion in the London Market and strengthen its credibility with property and casualty players worldwide. As part of the deal, Aviva's Chief Innovation Officer, Arslan Hannani, will take a board observer seat at Indico, providing the company with...
Healthcare providers’ body demands immediate restoration of cashless services by Star Health Insurance
The Association of Healthcare Providers (AHPI) has suspended cashless services in several hospitals across India, including prominent chains like Care Hospitals, Manipal Hospital, and Max Hospitals, among others. This move is in response to a dispute with Star Health Insurance, one of the leading health insurance companies in the country. AHPI claims that Star Health has been taking "arbitrary" actions, such as de-empanelling hospitals and withdrawing cashless services, which has prompted the...
The Supreme Court has ruled that insurance companies are not liable to pay compensation to the family of a driver who dies due to their own negligence.
The Supreme Court of India has ruled that insurance companies are not liable to pay compensation to the family of a driver who dies in an accident caused by their own rash and negligent driving. This decision was made in a case where a man, N S Ravisha, died in a car accident on June 18, 2014, while driving at high speed and violating traffic rules. His family, who claimed he was earning Rs 3 lakh per month as a contractor, sought Rs 80 lakh in compensation from United India Insurance Company....
Fraud on the rise but fraudsters facing the consequences
Aviva, a leading insurance company, has announced that its counter-fraud team has detected over 6,000 fraudulent insurance claims in the first half of 2025, worth more than £60 million. This translates to over £334,000 in prevented fraud every day. The company's commitment to protecting its customers from the harmful effects of fraud has led to a significant increase in detected fraud, with prison sentences for those caught exceeding 32 years, a 9-year increase from 2024. The types of claims...
Rising Health Insurance Complaints in India: Key Data Insights
Complaints against health insurers in India are on the rise, indicating growing consumer awareness and the importance of effective grievance redressal mechanisms. According to Insurance Samadhan, a grievance platform, there was a 45% increase in complaints in Q2 2025 compared to the previous quarter, with 974 cases involving claims worth over ₹119 crore. The majority of these grievances (67.5%) related to health insurance, followed by life insurance (25.5%) and general insurance (6.9%)....
The Non-Resident Keralites Affairs (NORKA) and the Kerala Pravasi Board are seeking an extension of the deadline for the Norka Care health insurance scheme.
The Non-Resident Keralites Affairs (NORKA) and the Kerala Pravasi Board have requested an extension of the deadline for renewing the Norka Care health insurance scheme. The current deadline for renewal is March 31, 2023. The scheme provides health insurance coverage to Non-Resident Keralites (NRKs) and their families. The Norka Care health insurance scheme was launched in 2017 to provide affordable health insurance to NRKs. The scheme offers coverage up to Rs 15 lakh for a premium of Rs 450...
Non-life insurers record 5% premium growth in June, data reveals
The Indian general insurance industry has witnessed a mixed performance in terms of premium growth, with some insurers reporting significant increases while others saw declines. New India Assurance, the largest general insurer, led the pack with a 10.6% year-over-year (YoY) increase in premiums to Rs 3,328 crore. This growth is notable, given the current market conditions. Other state-owned insurers also reported strong growth, with United India Insurance seeing an 11.4% YoY rise in premiums,...
From Crisis Cover To Daily Care: How Health Insurance Became A Real Life Partner
The insurance industry has undergone a significant transformation, shifting from a reactive model to a proactive one. According to Sanjiv Bajaj, joint chairman and managing director of Bajaj Capital, insurance is no longer something that individuals hope to never use. Instead, it has become a tool that people engage with regularly, not just for illness, but also for wellness. This shift in approach is a result of the changing needs and expectations of consumers. With the increasing focus on...
Consumer commission orders insurance company to pay Rs 15 lakh for accidental death claim.
The District Consumer Commission in Dehradun has ruled in favor of Praveena Sati, a resident of Dehradun, in a case against New India Insurance Co Ltd (NIICL). The case involved the accidental death of Praveena's husband, Sudarshan Sati, who died in a car accident on February 10, 2021, when his car plunged into the Asan Barrage near Vikas Nagar. Sudarshan had insured his car with NIICL, but the company rejected the claim, citing that the driver, Priyanshul Rangad, was under the influence of...
UK Environment Secretary welcomes launch of Aviva-led Flood Action Coalition
The FloodAction Coalition, a new cross-sector partnership convened by The Conduit and chaired by Aviva, has been launched to mobilize up to £1 billion of investment in nature-based solutions to protect people, places, and infrastructure from flood and drought in the UK. Flooding is the UK's fastest-growing climate risk, with over 5.7 million properties and one-third of critical infrastructure at risk, resulting in £2.4 billion in direct damages and £6 billion in indirect losses each year. The...
Aviva’s digital transformation has resulted in reduced customer premiums.
A recent survey by GlobalData found that price or premiums and the speed of response to queries or quotes are key factors for insurance brokers when choosing which insurer to place business with. The 2025 UK Commercial Insurance Broker Survey revealed that 28.4% of respondents selected price or premiums as the most important factor, while 8.8% chose the speed of response to queries or quotes. This highlights the need for insurers to provide competitive pricing and enhance operational...
India Post Payments Bank has partnered with Aditya Birla Capital Limited to enhance accessibility to loan products across the country.
India Post Payments
Deadline extended to October 30 – Know how to enrol
The Kerala government's Norka Care scheme, a comprehensive health and accident insurance program for expatriate Keralites, has received an overwhelming response with over 25,000 expatriate families enrolling in the program. As a result, the enrollment deadline has been extended from October 22 to October 30. The scheme, implemented through Norka Roots, provides a Rs 5 lakh health insurance cover and Rs 10 lakh group personal accident insurance for each family, consisting of the expatriate,...
Edelweiss Mutual Fund’s Altiva Hybrid Long-Short SIF mobilises Rs 320 crore
Edelweiss Mutual Fund has successfully closed its first SIF (Segregated Investment Fund) under the Altiva SIF platform, raising approximately Rs 320 crore. The Altiva Hybrid Long-Short Fund, which was launched to provide a tax-efficient investment strategy, has received robust subscription from both individual and corporate investors. The fund aims to deliver consistent, income-oriented returns through a combination of equity arbitrage, high-quality fixed income, and selective opportunities in...
Manipal Cigna connects health insurance to Diwali prosperity in innovative AI-driven campaign
ManipalCigna Health Insurance has launched a new campaign, "Health Insurance Jiske Paas, Lakshmi Maa Karein Waha Niwaas", which serves as a reminder that health is the true foundation of wealth and prosperity. The campaign is launched during the festive season of Diwali, when families are focused on decorating their homes, buying gifts, and welcoming Goddess Lakshmi, the symbol of wealth and abundance. However, amidst the celebrations, purchasing health insurance often takes a backseat. The...
Health insurance mergers and acquisitions are gaining momentum as regional companies strive to gain a competitive edge, according to Modern Healthcare News.
The healthcare insurance industry has seen a surge in merger and acquisition (M&A) activity, particularly among regional companies. This trend is driven by the desire to gain a competitive edge in a rapidly evolving market. As the healthcare landscape continues to shift, insurers are seeking to expand their reach, improve their market position, and increase their negotiating power with providers. One of the primary drivers of this M&A activity is the need for scale. Smaller, regional insurers...
Medicare Advantage network oversight is rare, according to CMS records.
A review of CMS records has revealed that Medicare Advantage network oversight is rare. Medicare Advantage plans are required to maintain adequate networks of healthcare providers, but CMS rarely takes action against plans with insufficient networks. Between 2015 and 2022, CMS only citing 21 Medicare Advantage organizations for network inadequacies. This represents a small fraction of the over 800 Medicare Advantage organizations operating during that time. The citations were often related to...
Uttarakhand consumer panel directs insurance company to compensate accident victim
A consumer panel in Uttarakhand has ordered an insurance company to compensate a Dehradun man for damages to his commercial vehicle, which was involved in a crash in 2017. The insurer, United India Insurance Co Ltd (UIICL), had initially denied the claim, citing overloading as the reason. However, the state consumer commission found no evidence to support this allegation. The vehicle, owned by Surat Dass, was insured with UIICL in July 2016. On January 21, 2017, the vehicle met with an...
A Delhi court has ordered Rs 38-lakh compensation to be paid to the parents of a handball player who was killed in a road accident.
A Motor Accident Claims Tribunal in New Delhi has awarded a compensation of Rs 38.6 lakh to the parents of a 22-year-old national-level handball player, Amar Yadav, who tragically lost his life in a road accident in 2018. The accident occurred on December 4, 2018, when a tractor collided with Yadav's car, resulting in his death. The tribunal held the tractor driver responsible for the accident, citing rash and negligent driving as the cause. Presiding officer Arul Varma observed that Yadav had...
Avoid Common Monsoon Mistakes: Royal Sundaram’s Guide to Keeping Your Vehicle Safe and Insured
As the monsoon season approaches, it's essential to take necessary precautions to keep your vehicle safe and insured. Royal Sundaram's guide provides valuable tips to help you avoid common mistakes that can lead to damage or loss. Firstly, it's crucial to ensure that your vehicle is properly insured. Check your policy to see if it covers flood damage, and consider purchasing a comprehensive insurance plan that includes coverage for natural disasters. Additionally, make sure to renew your...
Government Considers Merging Oriental, National, and United India Insurance Companies
The Indian government is considering merging three public sector general insurance companies - Oriental Insurance, National Insurance, and United India Insurance - into a single entity in the upcoming budget for the financial year 2026-27. The proposal aims to improve the efficiency and health of general insurance companies in India. The Union finance ministry has expedited its capital infusion plan for the forthcoming budget, and a fresh preliminary assessment on further consolidation is...
Alpine Brewing Meets Malaysian Taste: Edelweiss Goes Lemon-Honey
Edelweiss, a premium wheat beer from the Austrian Alps, has introduced a new limited-edition variant in Peninsular Malaysia called Lemon Honey. This 320ml can combines the brewery's signature wheat beer smoothness with zesty lemon and subtle honey notes, creating a balanced taste that is perfect for casual evenings with good company. The introduction of this new flavor is part of Edelweiss' strategy to explore new flavors inspired by nature, as stated by Sean O'Donnell, Marketing Director at...
Worsening air quality may lead to increased health insurance premium costs as it can cause a range of health problems, from respiratory issues to cardiovascular diseases, resulting in higher medical claims and expenses for insurance providers, which may be passed on to policyholders in the form of higher premiums.
The air quality in many Indian cities, particularly in the north, has become a significant concern, with cities like Delhi, Mumbai, and Kolkata consistently recording severe air quality indexes (AQI) throughout the year. This has led to an increase in pollution-linked illnesses, such as respiratory and cardiovascular diseases, which in turn is affecting the health insurance industry. Insurers are now reviewing city-based pricing, taking into account the pollution levels, lifestyle diseases,...
40% of Koreans believe that all medical services covered by state health insurance constitute essential care.
According to a recent survey, 40% of Koreans believe that all medical services covered by the state health insurance are essential care. This perception highlights the high level of trust and reliance on the country's national health insurance system. The survey, which aimed to gauge public opinion on the healthcare system, revealed that a significant proportion of Koreans view the services covered by the state insurance as vital and necessary. The national health insurance system in Korea is...
India Reviews Merger of State General Insurers
The insurance industry has experienced growth across various segments. The core business lines, which include motor, crop, fire, and engineering insurance, have driven renewals, indicating a strong demand for these traditional insurance products. This growth is a result of increased awareness and understanding of the importance of insurance among individuals and businesses. In addition to the core business lines, specialized coverage and personal accident products have also seen a significant...
Protect Your Vehicle from Monsoon Mayhem: A Comprehensive Guide by Royal Sundaram
As the monsoon season approaches, it’s essential to take necessary precautions to ensure your vehicle remains safe and insured. Royal Sundaram’s expert guide helps you avoid common mistakes and provides valuable tips to keep your vehicle secure during the rainy season.
Pre-Monsoon Checks
- Inspect your vehicle: Check for any damage or wear and tear on your vehicle’s body, tires, and windshield.
- Check your insurance policy: Review your insurance policy to ensure it covers flood damage and other monsoon-related risks.
- Update your policy: Inform your insurer about any modifications or changes to your vehicle.
Driving Safely in the Rain
- Slow down: Reduce your speed to avoid skidding or losing control on wet roads.
- Use low gear: Drive in low gear to maintain control and avoid wheel spin.
- Avoid flooded areas: Steer clear of flooded roads and areas to prevent water damage.
Post-Monsoon Precautions
- Dry your vehicle: Dry your vehicle thoroughly, paying attention to electrical components and crevices where water may accumulate.
- Check for damage: Inspect your vehicle for any damage caused by the monsoon, such as dents, scratches, or water damage.
- File a claim: If you’ve suffered damage, file a claim with your insurer promptly.
Additional Tips
- Keep an emergency kit: Store a monsoon emergency kit in your vehicle, including a first-aid kit, flashlight, and spare tire.
- Stay informed: Stay updated on weather forecasts and road conditions to plan your route accordingly.
- Be prepared: Keep your vehicle’s documents, including insurance papers, in a safe and easily accessible place.
By following these guidelines, you can ensure your vehicle remains safe and insured during the monsoon season. Remember to stay vigilant and take necessary precautions to avoid common monsoon mistakes.
As the monsoon season sets in, driving conditions become increasingly unpredictable, posing unique risks to vehicles, including sudden flooding, waterlogged roads, and engine trouble. This year's southwest monsoon has been 8% above the long-term average, with approximately 35% of the country receiving excess rainfall, increasing the likelihood of accidents, vehicle damage, and road disruptions. To mitigate these risks, vehicle owners must take extra precautions to protect their vehicles and...
Aditya Birla Capital has achieved a milestone by becoming the first entity to integrate its financial services on the Open Network for Digital Commerce (ONDC) platform.
Aditya Birla Capital has become the first financial services company to integrate lending, insurance, and investments on the Open Network for Digital Commerce (ONDC). ONDC is a government initiative that aims to create an open and interoperable e-commerce network, promoting inclusivity and competition in digital commerce. By offering these services, Aditya Birla Capital provides easier access to financial products, contributing to the development of the financial services ecosystem on ONDC. As...
Indian Government plans to merge three government-owned insurance companies.
The Indian government is reviving its plan to merge three public sector insurance companies - Oriental Insurance Company, National Insurance Company, and United India Insurance Company - into a single entity. The move aims to improve scale, efficiency, and financial performance in the public sector general insurance space. The plan, which was first announced in the 2018-19 Budget, was put on hold in 2020 but is now back on the table due to the improved financial health of the companies. The...
Aviva is set to launch an AI tool designed to streamline life insurance applications, leveraging artificial intelligence to enhance the efficiency and accuracy of the application process.
On November 18, 2025, Aviva announced the upcoming launch of an artificial intelligence (AI) tool designed to accelerate the underwriting process for life insurance applications. This tool is being touted as an industry-first, indicating that Aviva is taking a pioneering step in leveraging AI technology to enhance the efficiency of its underwriting processes. The introduction of this AI tool is expected to significantly speed up the time it takes to process life insurance applications....
According to Politico, Donald Trump had planned to introduce a healthcare plan, but the rollout was impacted after Republicans provided their input.
According to a recent report by Politico, former President Donald Trump had plans to unveil a new healthcare plan, but it was met with skepticism and criticism from Republicans. The proposal, which was supposed to be a key part of Trump's 2024 presidential campaign, aimed to repeal and replace the Affordable Care Act (ACA), also known as Obamacare. However, before Trump could even announce the details of his plan, Republican lawmakers and health policy experts began to express their concerns...
The Finance Ministry is considering a plan to merge three state-owned insurance companies.
The Indian government is planning to consolidate its insurance sector by merging three state-owned general insurance companies. The proposed merger involves Oriental Insurance, National Insurance, and United India Insurance, with the goal of creating a single, more efficient entity. This move follows the government's previous efforts to consolidate the banking sector, which aimed to improve operational efficiency and achieve greater scale. According to sources, the Finance Ministry is...
Open enrollment for the 2026 Health Insurance Marketplace is currently underway.
The open enrollment period for the Individual Marketplace in Hawaii has begun, allowing residents to review and compare health insurance plans on HealthCare.gov. The enrollment period, which runs until January 15, 2026, provides consumers with the opportunity to shop for and compare 34 medical and stand-alone dental plans. These plans cover a range of essential health benefits, including outpatient care, hospitalization, emergency services, and prescription drugs. Insurance Commissioner Scott...
Michigan hospitals and their patients are experiencing challenges due to increasing premiums, which are affecting the healthcare system and access to medical care.
The US health insurance system is a complex patchwork of public and private insurers. In Michigan, over 200,000 residents may face difficulties in obtaining health insurance due to changes in the market. Two health insurance agencies, Health Alliance Plan and Molina Healthcare, have announced that they will no longer offer coverage through the Affordable Care Act (ACA) in the state. Additionally, Meridian Health Plan will significantly reduce its coverage for Michigan residents. These changes...
Aviva to replace AGPOL quote platform for group protection
Aviva, a leading insurance provider, has introduced a new digital platform called Aviva Fusion for its group protection business. This platform is designed to streamline the quoting process for schemes with 3 to 250 employees, making it more efficient and user-friendly for advisers. The new platform builds upon the recent enhancements made to the Aviva Group Protection Online (AGPOL) platform, which manages existing business policy journeys. According to Jason Ellis, Group Risk Distribution...