The Asia Pacific market accounted for an unprecedented two-thirds of the insured catastrophe losses worldwide in the first three quarters of 2011, according to a new report
The number of fraudulent claims uncovered by major insurance companies has soared by 64 per cent in Spain in the last three years of economic crisis, according to figures released by the industry’s research group ICEA. David Ing reports
The Insurance Council of Australia (ICA), which represents the general insurance industry in the country, has issued recommendations to its members that the fire service levy on policies be raised by at least 30 per cent in Country Fire Authority (CFA) zones.
A report from Experian published today sheds new light on how the UK’s young adults engage with insurers. Defined by Experian as the ‘Facebook Generation’, this group of savvy 18 to 25 year olds has taken social media and its ideologies into adulthood, influencing how they deal with insurance companies, while six out of ten admit to relying on friends and family for financial advice.
The British Insurance Brokers’ Association (BIBA) has welcomed the UK Financial Services Authority’s (FSA) guidance consultation for insurance comparison websites
Koichiro Watanbe, chairman of the Life Insurance Association of Japan, has estimated that life insurers in Japan could have to pay policyholders a total of around 200 billion yen (US$2.4 billion) following the earthquake and tsunami that struck the island in March.
Fitch Ratings believes that while the 11 March earthquake in Japan will be among the largest insured losses in history, such losses can be absorbed by the insurance and reinsurance industries without widespread solvency problems, or undue financial strain.
US-based American International Group (AIG) has closed the deal to sell its foreign unit American Life Insurance Company (Alico) to MetLife for US$16.2 billion in cash and shares.
The Royal Bank of Scotland (RBS) has announced in detail the closure of several UK insurance sites, a decision that will see at least 2,000 people lose their jobs.
The UK’s financial regulatory body, the Financial Services Authority (FSA), has fined the UK arm of Zurich Insurance £2 million for failing to prevent the loss of customer data.
The Asia Pacific market accounted for an unprecedented two-thirds of the insured catastrophe losses worldwide in the first three quarters of 2011, according to a new report
The number of fraudulent claims uncovered by major insurance companies has soared by 64 per cent in Spain in the last three years of economic crisis, according to figures released by the industry’s research group ICEA. David Ing reports
The Insurance Council of Australia (ICA), which represents the general insurance industry in the country, has issued recommendations to its members that the fire service levy on policies be raised by at least 30 per cent in Country Fire Authority (CFA) zones. 
A report from Experian published today sheds new light on how the UK’s young adults engage with insurers. Defined by Experian as the ‘Facebook Generation’, this group of savvy 18 to 25 year olds has taken social media and its ideologies into adulthood, influencing how they deal with insurance companies, while six out of ten admit to relying on friends and family for financial advice.
The British Insurance Brokers’ Association (BIBA) has welcomed the UK Financial Services Authority’s (FSA) guidance consultation for insurance comparison websites 
Koichiro Watanbe, chairman of the Life Insurance Association of Japan, has estimated that life insurers in Japan could have to pay policyholders a total of around 200 billion yen (US$2.4 billion) following the earthquake and tsunami that struck the island in March. 
Fitch Ratings believes that while the 11 March earthquake in Japan will be among the largest insured losses in history, such losses can be absorbed by the insurance and reinsurance industries without widespread solvency problems, or undue financial strain.
US-based American International Group (AIG) has closed the deal to sell its foreign unit American Life Insurance Company (Alico) to MetLife for US$16.2 billion in cash and shares. 
The Royal Bank of Scotland (RBS) has announced in detail the closure of several UK insurance sites, a decision that will see at least 2,000 people lose their jobs. 
The UK’s financial regulatory body, the Financial Services Authority (FSA), has fined the UK arm of Zurich Insurance £2 million for failing to prevent the loss of customer data.