Live Insurance News

Latest India insurance news regarding Liberty Mutual joint venture

June 30, 2012June 30, 2012 H. Cutner

The Boston based insurer has received approval to begin selling its products. Liberty Mutual Insurance Group is making international insurance news now that it has received approval from India and is licensed to be able to sell its products within that country. The insurer has entered into a joint venture with Videocon Industries Ltd. This combined effort between Videocon Industries Ltd. and Liberty Mutual Insurance Group will be known as Liberty Videocon General Insurance Co. Ltd. It is now considered to be fully licensed from the primary regulatory authority in…

Russian insurance marketplace showing signs of strength

June 27, 2012June 27, 2012 Julie Campbell

A.M. Best releases special report regarding improvements in the Russian marketplace. According to a report released by A.M. Best, within the international insurance industry, the Russian sector is a young one, faced with significant overcrowding and competition and yet, regardless of these notable challenges, it is maintaining a trend of radical changes. The name of this special report was “Russia’s Insurance Revolution Begins to Gain Pace”. It focuses on the low penetration of coverage within the country, even when there is a small amount of risk factors, or none at…

Latest insurance industry news in Singapore now includes Aetna

June 14, 2012April 30, 2013

Insurer granted license to offer individuals and employers health benefits. Global diversified health care benefits leader, Aetna, has announced its latest insurance industry news, that it has now received the license required to begin selling health coverage in Singapore. The insurer will now be selling these plans to both individuals and groups in the city-state. According to the managing director for Southeast Asia at Aetna International, Derek Goldberg, “We’re very pleased to offer our insurance products in Singapore.” He explained that “Singapore is a very attractive market for Aetna. It…

International insurance news from China shows new form of risk

June 8, 2012June 8, 2012 Marc

Drivers buying cars specifically for speed are increasing costs in the industry. Though international insurance news sources have estimated that the industry is worth about $50 billion for insurers in China, new rules are allowing foreign insurers to take their place in the country, as well, as they discover all new forms of risk that aren’t seen in other nations. Some consumers buy cars for speed and consider them disposable, even if they’re Ferraris. This risk is one of the major challenges faced by insurers from around the world –…

IBISWorld updates report on life insurance industry in Australia

April 27, 2012May 26, 2012 Marc

Insurance News on Insurance Market Calculations

Report suggests the industry is struggling due to lingering economic woes Market research and analysis firm IBISWorld has made updates to one of its reports concerning the state of the life insurance industry in Australia. The report had initially noted that the industry has been showing signs of progress due to growing demand for traditional life insurance coverage. The firm has updated the report to show that this demand is not being reflected in the life insurance industry’s revenue performance. IBISWorld suggests that poor revenues seen throughout the industry are…