Simply Business, the biggest business and landlord insurance broker in the United Kingdom, has released data that showed that landlords’ tightening budgets are starting to affect their ability to maintain their properties, and that the number of insurance claims made for avoidable issues such as burst pipes, leaks, damage do to frost, and problems relating to wear and tear have risen by 5 percent since 2008. This information was drawn from the claims made by more than 3,500 private landlords and indicated that the largest cause of claims is water…
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Chartis insurance group seeks quality over quantity when it comes to growth
Europe’s debt crisis has not daunted Chartis, a division of AIG that operates in the property and casualty insurance market. The company continues to seek opportunities for growth despite the economic turmoil currently faced by a number of nations in the region. While lucrative opportunities seem to be in abundance, the insurer is taking a “quality over quantity” approach. CEO Peter Hancock notes that this strategy will help the insurer protect itself from industry hype in markets that may be more volatile in the future than they are today. In…
Read MoreNew insurance group targets life and medical insurance in Qatar
Q-Life & Medical, a newly formed insurance group based in Qatar, has targeted a promising market in the region. Initially part of Qatar Insurance Co., Q-Life & Medical was formed around the need for life and medical insurance in the nation. According to company officials, the market for life and medical insurance in Qatar is untapped, which translates into a unique opportunity for tremendous growth. Whether the company can capitalize on this potential growth, however, is yet to be seen. As of now, the company is not offering any insurance…
Read MoreAllianz announces the release of a new online home insurance protection
Allianz Insurance has announced that it is now offering a new home insurance product in Europe that is available exclusively online and offers customers the ability to construct a policy that is customized to their unique needs. The new home insurance product called “Your Cover” helps customers to buy the most basic level of comprehensive coverage, upon which they can add up to 11 additional optional forms of coverage – such as home business coverage, identity fraud protection, 24-hour home emergency assistance, and sports equipment insurance – in order to…
Read MoreNew acquisition of Cigna by FirstAssist Insurance Services
As travel has increased by 8 percent, Cigna has seized the opportunity to provide its customers with additional protection against unexpected emergencies while they travel, such as urgent medical situations by acquiring FirstAssist. This acquisition will give a boost to the global footprint made by Cigna International and will grow its affinity partner relationships as it increases the strong distribution expertise and product offered by FirstAssist. FirstAssist Insurance Services was purchased by the Cigna global health services company from Barclays Private Equity. FirstAssist had appeal to Cigna as it is…
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