Live Insurance News

The Brexit insurance industry impact is already showing

June 27, 2016June 25, 2016 Julie Campbell

One of the first things that happened following the announcement of the voting results was plummeting shares. Across the United Kingdom, the Brexit insurance industry impact was felt right away as the voting results were revealed. Shares throughout the sector plummeted, leaving investors and insurers reeling. Growing fears from experts appear to have taken an axe to stock prices. The main concern is the effect the Brexit will have on Lloyd’s of London, the massive insurance market. Lloyd’s currently enjoys a special appeal to other insurance companies. This is because…

Berkshire insurance and investments lead to 37 percent profit drop

August 11, 2015August 8, 2015 H. Cutner

The slump in the industry has contributed to a reduction in the company’s revenues. According to a recent report from the company, the Berkshire insurance and investments situation in the second quarter of this year wasn’t necessarily something that would be causing investors to dance about with glee. During that quarter, the profits at Berkshire Hathaway Inc, under Warren Buffett, fell by 37 percent. Greatly to blame for the issues with profits was the Berkshire insurance arm, as there had already been a decline in the gains from investments, but…

India’s government approved major insurance industry overhaul

March 16, 2015March 14, 2015 S.Vagus

Economic measure receives approval from the Indian Parliament India’s insurance industry is in for an overhaul, as Prime Minister Narendra Modi has passed his first major economic reform a year after coming to power. The Indian Parliament has voted to pass a measure that would have a major impact on the domestic insurance industry, allowing foreign investors to participate in the sector. The measure will increase the investments that foreign parties can make into local companies, which may be a boon for smaller companies that offer certain kinds of coverage.…

Indian government approves ordinance for the insurance industry

January 1, 2015December 30, 2014 Logan B.

Ordinance aims to allow foreign companies to hold a stronger position in the Indian insurance industry The Indian government has been mulling over an ordinance concerning the insurance industry for some time. The issue involves allowing foreign insurance companies to hold greater ownership over local domestic insurance endeavors. Some lawmakers had suggested that this would be a bad move for the domestic market, making it more difficult for domestic companies to compete in India or changing how these companies operate altogether. Supporters of the measure suggested that foreign companies could…

Insurance technology trends survey reveals increase in ICT investments

October 31, 2014October 28, 2014 H. Cutner

Insurers are increasing the amount that they are investing into ICT services, says the research. The results of a recent industry and insurance technology survey have shown that when it comes to ICT services, insurers are, on the whole, increasing their investments and are allocating more of their budgets into that area. The report was called “ICT investment trends in insurance – Enterprise ICT spending patterns through to the end of 2015”. This insurance technology trend data was based on the responses of 132 insurers with regards to their investments…