insurance sector Archives ~ Live Insurance News

Insurance companies to feel climate change effects most, but aren’t investing that way

June 8, 2018June 7, 2018 Julie Campbell

Climate Change effects - Hands - globe - world

Insurers will be hit hardest by rising global temperatures, but their investments aren’t low-carbon. The insurance industry will feel climate change effects more powerfully than most other industries. That said, a new Forbes report suggests insurers are failing to invest into the low-carbon economy. The insurance sector is most threatened by droughts, floods, extreme heat and severe storms. However, the report shows that climate change effects don’t appear to be enough motivation to change investing habits. These firms are some of the largest investors in the world and stand to…

Insurance industry in China has experienced a profit doubling

January 27, 2015January 24, 2015 H. Cutner

The country saw a profit of 204.7 billion yuan in 2014, which was over twice what was seen in 2013. The insurance industry in China has now recorded a record breaking profit last year, when it recorded a profit of 204.7 billion yuan (about $32.84 billion), which represented more than double the amount that was brought in during 2013, according to data from a regulator. The China Insurance Regulatory Commission released a press document providing insight into the sector’s performance. It showed that the premium investment capital gains from last…

Insurance jobs are widespread within the industry

December 2, 2014November 29, 2014 Julie Campbell

Though most people think of sales when they consider employment in this area, the industry is working to change that. As the recovery period continues in the United States and around the world from the last recession, it appears as though insurance jobs have fared rather well and that there will be security within that industry well into the foreseeable future. The insurance industry has created a very good reputation for itself when it comes to employment. Moreover, the when it comes to insurance jobs, there is a broad range…

Insurance market in Latin America to continue rapid growth

September 30, 2014September 27, 2014 H. Cutner

This geographical segment of the marketplace is expected to maintain its fast increases, despite industry challenges. According to a recent statement that was made by Alan Murray, senior vice president at Moody’s, Latin America will continue to be one of the most rapidly growing insurance market regions on the globe. This, despite the fact that the insurance industry is expected to have to face certain hurdles along the way. Over the last ten years, Latin America has continued to hold the top spot as the most rapidly growing insurance market,…

Technology is becoming a priority for the insurance industry

August 1, 2014July 31, 2014 Marc

Survey highlights the growing interest insurers are showing in technology Technology may soon be receiving more attention from the insurance industry. A new survey conducted by Xchanging shows that the industry is beginning to better understand the importance of technology and how it can be used to connect with and serve consumers. The insurance industry is notoriously slow in embracing new technology, opting to hold to traditional engagement methods that have been in used for decades. As technology begins to play a more important role in the daily lives of…

Philippines insurance industry to grow throughout next year

December 9, 2013December 7, 2013 G. Turner

SunLife predicts that the sector will keep up its expansion throughout 2014 to continue the trend. According to the top SunLife Financial executive in the Philippines insurance industry, that sector will be continuing its solid growth throughout 2014, following four consecutive years in which that was already the case. The announcement was made as a part of a broader statement regarding the firm’s predictions. According to Riza Mantaring, the chief executive and president of SunLife in the region, it is not easy to be able to maintain such a considerable…

Satmetrix benchmark study reveals loyalty leaders in American insurance industry

March 15, 2012March 15, 2012 Julie Campbell

Net Promoter software company, Satmetrix, which is the customer experience program marketplace leader, has released its 2012 Net Promoter Industry Benchmarks for 22 different industries, including the insurance sector. As a whole, the study was broader than it has been in previous years, involving the participation of over 30,000 American consumers who provided their rating feedback about over 200 brands across the various industries. The benchmarks that it creates are based upon the survey responses from consumers across the United States who rated their various experiences with the top brands…

Insurance executives concerned for the future of the insurance sector, says KPGM report

November 10, 2011November 10, 2011 Nordstrom

Optimism for the business conditions for the insurance industry in the U.S. is beginning to expire, according to a new report from KPGM, an audit, tax and advisory firm. The report shows that many of the nation’s highest ranking insurance executives are growing pessimistic of the conditions governing the insurance sector. These executives claim that conditions are worse now than they were a year ago and may gradually grow worse as the global economy shows signs of ailing. One of the major challenges facing the industry, notes KPGM, is the…