Ping An Insurance moves to recreate itself as a technology firm

October 29, 2019October 25, 2019 H. Cutner

The company is aiming to spend $22 billion to dump its old-school image and reputation. Ping An Insurance is changing lanes in the hopes of transforming itself into a technology company. The firm has come up with a plan to spend billions in order to recreate itself in this new way. That said, the Ping An Insurance executives have not yet managed to sway investors to see their way in spending $22 billion for this purpose. The money would be spent on everything from artificial intelligence (A.I.) to blockchain. The…

Amazon insurance policies to begin selling in India

September 19, 2018September 18, 2018 Marc

Amazon insurance policies in India - Flag of India

The most successful online retailer in the world is to start sales in the largest market on the globe. Amazon insurance policies, including life, health and general coverage, will soon be heading to India. The massive online marketplace plans to begin selling policies in this largest country in the world, by population. The goal of the insurance policy sales is to boost Amazon’s Indian financial service portfolio. The Amazon insurance policies will be sold as the company “aims to carry out the business of soliciting, procuring and servicing insurance as…

Insurance brokers start charging fees to compensate for missing commissions

November 15, 2016November 11, 2016 Nordstrom

These industry professionals have also been limiting their new clients as a strategy to keep up their incomes. Traditionally, insurance brokers have made a significant portion of their earnings via health insurer commissions. However, when it comes to the sale of health plans, considerable changes have been made recently in Massachusetts. Health insurance companies have either eliminated or sizably reduced their commissions to brokers. Therefore, this has forced many brokers to seek new ways of generating an income for the first time. For a large number of brokers, this has…