New health insurance in Hong Kong could reduce financial healthcare burden

Hong Kong health Insurance News

The policy is geared toward people up to the age of 75 and may reduce the expense shouldered by the government. The health insurance industry in Hong Kong is getting ready to launch a new form of coverage that is designed to cater to people in their 60s and early 70s, which could help to significantly ease the financial burden that has been weighing on government healthcare services. Recent predictions have shown that the cost of government health services could rise by over $36 billion (HK$285 billion) by 2041. This…

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Insurance technology is changing the game, says Swiss Re

Insurance Technology investments

The company released its latest sigma study, which has shown that tech has brought considerable change. A new sigma study released by Swiss Re has shown that insurance technology is considerably altering the way that insurers and customers interact, as each of those parties has been presented with considerable information and tools that had never before been available to either of them. Insurance companies are particularly benefiting with the amount that they can learn about their customers. What the conclusion of the study suggested was that insurers use the insurance…

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Insurance news from Swiss Re shows drop in catastrophe claims

Insurance news cost

The industry has faced about half as much cost from disasters than it saw last year. Swiss Re, the massive European reinsurance company, has released its most recent insurance news statistics for the year, saying that it looks as though the industry took on about half of the claims costs for disasters this year than it did last year. The claims losses from 2011 were nearly record breaking, so the notable reduction is very welcome. The prediction made by Swiss Re in its insurance news statement was that the industry…

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Life insurance premiums will increase next year

Life Insurance News

Swiss Re has stated that as the global economy returns to growth, rates will start to rebuild. The second largest reinsurer in the world, Swiss Re Ltd., has just released its latest predictions about next year, and it has stated that the sectors for global primary coverage in non-life, as well as life insurance and health will all be on the rise as the worldwide economy starts to grow. Property and casualty premiums are predicted to face an increase of 3 percent in real terms. Moreover, after a year without…

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