Live Insurance News

Dutch insurance sector given positive outlook by Fitch Ratings

September 12, 2012September 12, 2012 S.Vagus

Agency takes aim at Dutch insurance sector Fitch Ratings, the ratings division of the Fitch Group, has released a statement concerning the state of the Dutch insurance sector. The Dutch insurance sector has been experiencing some turbulence in recent months due to economic troubles in the Netherlands and Europe at large. These problems have caused some concern amongst insurance companies and investors who have dumped money into the sector. The statement from Fitch Ratings aims to provide some insight on the matter and placate these concerns. Sector forecast to remain…

Insurance news from the European Union shows prices will increase for women’s life policies

August 27, 2012August 27, 2012 H. Cutner

When the regulations regarding gender kick in, women will pay more for coverage. Women in Europe who have heard the latest insurance news are rushing to take advantage of the shrinking window of opportunity that is available to them to obtain a life policy for a lower price. When the regulations against using gender as a factor in calculations kick in, women will lose their discount. The main insurance news attention regarding the way that gender will no longer be allowed to calculate premiums has been focused on auto coverage,…

International insurance news shows flood risk in Asia is increasing premiums

July 26, 2012July 25, 2012 Nordstrom

Chance of flooding in factory zones is very high. International insurance companies are struggling to determine the flood exposure risks in the factory zones of Asia following 2011’s exceptionally expensive disasters in Thailand and throughout the region. These insurers are worried that further losses are on their way. Some firms have taken the flooding in Thailand as a warning that this will be the future of the international insurance environment. For that reason, they have taken several different actions. The first is that they have given discounts to industries that…

Lloyd’s of London highlights reputational risk and regulation as top concerns for insurers

May 1, 2012May 26, 2012 S.Vagus

Survey suggests insurers are vexed by increasing risks Lloyd’s of London, one of the world’s largest providers of insurance and reinsurance, has released the results of its latest survey concerning the global insurance industry. The survey indicates that many of the world’s leading insurance executives are becoming increasing concerned with reputational risk and insurance regulations. These concerns are spurring new actions from insurance companies, including the offering of new policies and, in some cases, the abandonment of some markets or refusal to provide coverage to controversial organizations. Stricter regulations pose…

IBISWorld updates report on life insurance industry in Australia

April 27, 2012May 26, 2012 Marc

Insurance News on Insurance Market Calculations

Report suggests the industry is struggling due to lingering economic woes Market research and analysis firm IBISWorld has made updates to one of its reports concerning the state of the life insurance industry in Australia. The report had initially noted that the industry has been showing signs of progress due to growing demand for traditional life insurance coverage. The firm has updated the report to show that this demand is not being reflected in the life insurance industry’s revenue performance. IBISWorld suggests that poor revenues seen throughout the industry are…