Life insurance will be experiencing higher premiums for term policies

Life Insurance News

In an environment with low interest rates, the cost of the coverage is on its way up. According to the data that has been released by an online life insurance comparison agency, term policies are becoming more expensive and are slightly more difficult to find than they used to be. This news comes after a decade in which prices had been consistently plummeting to record lows. However, the latest research from IntelliQuote has shown that the premiums that are being quoted for term life insurance policies increased by an average…

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Fitch Ratings suggests Thai life insurance sector is stable

insurance industry report

Fitch Ratings report highlights stability of Thailand’s life insurance industry despite natural disasters A new report from Fitch Ratings, a global rating agency, suggests that the Thailand life insurance sector will see healthy premium growth well into 2013. This growth is being attributed to growing population affluence and increase awareness and protection in the wake of recent natural disasters. Thailand has been battered by a wide range of catastrophe’s the most costly of which was a recent flood that caused severe disruptions in global supply chain for numerous industries. These…

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Life insurance in India becoming less profitable

south asian Insurance industry India

The premiums collected from this coverage sector have dropped by 2.33 percent compared to 2011. The latest life insurance news from India is that premiums collected during the third quarter, which ended on September 30, have experienced a year over year decrease by 2.33 percent, said the most recent report of the Insurance Regulatory and Development Authority (IRDA). This drop has been blamed on the overall slowing in economic growth. This, according to Namo Narain Meena, the Minister of State for Finance. The minster explained that as a whole, there…

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