Insurance industry leaders launch new consortium

insurance industry growth

Leading companies come together to launch consortium focused on micro insurance Leading companies in the insurance industry have come together to establish a new micro insurance consortium. The companies have also launched a micro insurance venture incubator, which will aim to establish new insurance solutions in what it identifies as underserved sectors. Among the companies that are participating in the consortium are American International Group, Catlan Group, Guy Carpenter & Company, Aspen Insurance Holdings and others. Micro insurance incubator will establish 10 new insurance ventures in emerging markets around the…

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Report highlights dropping prices throughout the insurance industry

Cyber Insurance Coverage

Marsh released report denoting the decline in global insurance prices Marsh, a leading insurance broker, has released a new report concerning falling insurance prices throughout the world. The report shows that global insurance prices have fallen by 2.8% year-on-year in the third quarter, which is the sixth consecutive quarter in which price declines have been recorded. Notably, insurance prices in Latin American have fallen more than in any other part of the world. This ongoing trend will have some impact on the insurance industry as a whole. Prices are falling…

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UnitedHealth Group acquire large Brazilian insurance company

insurance industry report

UnitedHealth Group acquires Amil Participacoes SA Health insurance giant UnitedHealth Group has announced its acquisition of one of the largest health care companies in Brazil, Amil Participacoes SA. The move is part of UnitedHealth Group’s endeavor to boost its presence in Latin America, a region brimming with demand for health insurance coverage. UnitedHealth Group acquired the Brazilian company for approximately $4.9 billion. The company operates 22 hospitals and 50 clinics located throughout Brazil and boasted of an annual revenue of more than $5 billion. Move comes as company attempts to…

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