Insurance
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Income Insurance and Allianz say their deal is still alive despite government veto
INCOME Insurance and Allianz announced in a bourse filing on Thursday (Nov 14) that discussions over a deal to acquire a majority stake in the local insurer are still ongoing…
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Aviva posts 15% rise in 9-months general insurance premiums
BRITISH insurer Aviva posted a 15 per cent rise in general insurance gross written premiums for the first nine months of the year to £9.1 billion (S$15.5 billion) on Thursday…
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Insurance Company to Force Employees to Laugh More at Work by Installing Office ‘Laughter Detectors’ and Setting a Laugh ‘Quota’
An insurance company installed an office “laugh detector” to try to get employees to laugh more at work, and if they fail to meet their laugh quota, they are sent…
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UK’s Direct Line to cut 550 jobs amid motor insurance woes
DIRECT Line Insurance Group plans to cut 550 roles or about 5 per cent of its global workforce, the British insurer said on Monday (Nov 11), as its underperforming motor…
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Jegatheeswari Perumalsamy: Championing Data Excellence and Innovation in Insurance and Banking
In a data-centric world, few professionals bring the depth of knowledge and vision that Jegatheeswari Perumalsamy brings to her field. With over 17 years of experience across the insurance and…
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Innovating Insurance: Five Emerging Technologies Transforming the Industry
In this digital landscape, Srinivasulu Gunukula explores the impact of key emerging technologies reshaping the insurance industry in his recent article. The piece highlights innovations such as AI, blockchain, RPA, IoT, and…
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Innovative Technologies Shaping the Future of Insurance
In the ever-evolving digital landscape, the insurance industry is witnessing a transformative shift propelled by emerging technologies. This article delves into five key technologies—Artificial Intelligence (AI) and Machine Learning (ML),…
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UOI profit before tax down 2% to S$22.1 million amid fall in net insurance service and financial results
Its insurance revenue is 14% up to S$79.4 million; other income is 8% higher to S$10.3 million UNITED Overseas Insurance (UOI) posted a profit before tax of S$22.1 million for…
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White House Wants Women’s Health Insurance To Cover Non-Prescription Contraceptives
Packages of condoms are displayed in a CVS store in Washington, D.C., on Feb. 23, 2022. OLIVIER DOULIERY/AFP via Getty Images The White House announced a plan Monday for a…
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China’s Ping An Insurance posts 36.1% rise in nine-month profit
PING An Insurance (Group) Co of China reported on Monday (Oct 21) a 36.1 per cent rise in net profit in the first nine months of the year, driven by…
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China approves BNP Paribas, Prudential insurance ventures
CHINA has approved separate insurance units to be set up by BNP Paribas and Prudential Financial, a regulator said on Friday (Oct 18), as it looks to further open up…
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Hurricane Helene Could Cost Insurance Industry $14 Billion
Hurricane Helene losses covered by private insurance could reach an estimated $14 billion according to new estimates. Moody’s says that U.S. private market insured losses from the deadly storm that…
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QAF to book RM22 million of insurance payout as exceptional gain
Including the latest payment, it received total payouts of about RM131 million for a factory affected by flooding QAF will book the RM22 million (S$6.8 million) it received as final…
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Marsh, Tokio Marine Kiln launch port disruption insurance amid shipping chaos
BROKER Marsh and Lloyd’s underwriter Tokio Marine Kiln (TMK) have set up business interruption insurance for ports to provide cover against growing trade disruption risks such as threats to shipping…
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US Insurance Industry Fights Regulation To Scrap Agent Commissions, Boosting Retirement Savings By $3B Annually
The US Labor Department’s new proposed standard to protect retirement savers who roll over money from their 401(k)s to individual retirement accounts (IRA) is facing massive backlash from the insurance…
