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Results for "Insurance industry"

84 stories found

Worldbloomberg12h ago

New Zealand Watchdog Finds Māori Face Insurance Gaps

A study by New Zealand's market watchdog reveals that the insurance industry is not consistently meeting the needs of Māori, who face affordability barriers and difficulties insuring collectively owned land, leading to less coverage.

Prudential Shares Fall on Report of China Taxing Offshore Insurance
Worldbloombergchannel-news-asia19d ago2 sources

Prudential Shares Fall on Report of China Taxing Offshore Insurance

Shares of Prudential and other Hong Kong insurers tumbled following reports that China plans to impose taxes on returns from offshore insurance policies. This potential tax change has sparked concerns among investors and the insurance industry.

The Iron Insurance Disaster
FinanceYahoo2mo ago

The Iron Insurance Disaster

An article details 'The Iron Insurance Disaster,' suggesting a specific, significant event or crisis within the insurance industry that has had notable repercussions.

Insurance Policies Fail to Reflect Climate Change Realities
Businessdelo3mo ago

Insurance Policies Fail to Reflect Climate Change Realities

The articles discuss how current insurance policies and the broader insurance industry are not adequately reflecting or addressing the realities of climate change. This indicates a significant gap between climate risks and the financial protections offered.

African Insurance Leaders Discuss Industry Growth and Resilience
Businessmyjoyonline5mo ago

African Insurance Leaders Discuss Industry Growth and Resilience

Insurance industry leaders from across Africa convened in Accra for the 4th Africa Network of Insurers Associations (ANIA) Annual General Meeting and Conference to discuss strategies for strengthening the continent’s insurance sector and enhancing its resilience.

Federal Probes Into Mark Walter's Empire Roil Insurance World
BusinessNYT1d ago

Federal Probes Into Mark Walter's Empire Roil Insurance World

Federal investigations into the business empire of Los Angeles Dodgers owner Mark Walter have brought scrutiny to private-equity-owned insurers. These insurers are under the spotlight for their practice of investing premiums in risky assets, raising concerns within the insurance industry.

Businessbloomberg24d ago

Private Credit's Growing Entanglement with Insurance Industry

The private credit sector has become increasingly intertwined with the insurance industry, with private equity reshaping life insurance. A new paper, “Private Credit's S,” further explores this development, highlighting a significant shift in financial strategies and investments and raising questions about risk and regulation.

Businessbloomberg4mo ago

Inflation Threatens Home Insurance Sector

A new analysis suggests that an "inflation time bomb" is developing within the home insurance industry. Rising costs could lead to significant challenges for insurers and policyholders alike.

Long Term Care Insurance Market Outlook
BusinessYahoo4mo ago

Long Term Care Insurance Market Outlook

The article provides an outlook on the long-term care insurance market, discussing current trends, challenges, and future prospects for this segment of the insurance industry.

AI Data Center Boom Poses Challenges and Opportunities for Insurers
Technologycnbc4mo ago

AI Data Center Boom Poses Challenges and Opportunities for Insurers

The rapid expansion of AI data centers, fueled by significant private capital, is creating both risks and rewards for the insurance industry. Insurers are facing new challenges in assessing and underwriting the complex and evolving risks associated with these advanced technological infrastructures.

Businessbloomberg27d ago

XRC Ventures Founder Discusses Need for AI Regulation

Pano Anthos, Founder & Managing Partner of XRC Ventures, emphasizes the critical need for AI governance, noting that the insurance industry is beginning to exclude or drop AI risk as companies struggle with managing internal architectures against external programs.

E-Bike Injury Claims Drive Up Car Insurance Costs
BusinessBBCThe Independent1mo ago2 sources

E-Bike Injury Claims Drive Up Car Insurance Costs

Payouts for e-bike related injuries have exceeded £110 million, contributing to a rise in car insurance premiums for motorists. The increasing number of incidents involving e-bikes is impacting the insurance industry.

State Farm Agents Express Concern Over AI Overhaul
WorldYahoo2mo ago

State Farm Agents Express Concern Over AI Overhaul

State Farm agents are reportedly wary of an upcoming AI overhaul, viewing the technology as an 'unwelcome neighbor.' The concerns highlight potential challenges and resistance to technological changes within the insurance industry.

The Rise of Insurance as a Global Business
BusinessYahoo3mo ago

The Rise of Insurance as a Global Business

An article explores the historical and economic factors that have contributed to the insurance industry becoming one of the world's largest businesses. It delves into the evolution and impact of insurance on global economies.

Insurance Industry Lagging in AI Adoption, Report Indicates
TechnologyYahoo4mo ago

Insurance Industry Lagging in AI Adoption, Report Indicates

A new report reveals that the insurance industry remains largely in the pilot phase for artificial intelligence implementation, struggling to move beyond initial trials into widespread adoption. This indicates a slow pace of technological integration within the sector.

BusinessNHK World5mo ago

Sony Life Former Employee Borrowed ¥2.2 Billion from Customers

A former Sony Life employee illegally borrowed nearly 2.2 billion yen from customers and their relatives, with approximately half of the amount remaining unpaid. This incident follows similar cases of inappropriate financial dealings by employees in the life insurance industry.