Live Insurance News

Insurance news looks to Asia where insurers are seeing a new land of opportunity

August 13, 2012April 30, 2013

Asian countries are receiving lots of attention from large coverage providers. Some of the largest insurers in North America are making insurance news as their set their sights on Asia and the potentially lucrative business for wealth management that is presenting itself there, as they make efforts to balance the losses that they have been experiencing in traditional markets as a result of interest rates that remain continually low. Common insurance news from the second quarter involved low earnings on many levels. Insurers’ earnings from Q2 were smashed down by…

Insurance news report shows consumers prefer agents

July 11, 2012July 11, 2012 Marc

South Asian non-life customers still depend on professionals for their coverage needs. According to the latest international insurance news statistics regarding the commissions earned by individual agents from the first quarter of the 2011 fiscal year when compared to those of the first quarter of this year, the average has risen from 35 percent to 43 percent. This indicates a growing dependency from consumers on their agents. On a wider scale, there have been three channels of distribution, which include individual agents, corporate agents, and brokers. Together, these are the…

Aviva makes insurance news by releasing its plans to ride out the economy’s downturn

July 10, 2012July 9, 2012 Dan

The insurer will be trimming the fat to survive the downturn. Aviva, the number 2 insurer in the United Kingdom, is making insurance news by selling nearly a quarter of its businesses in a dramatic effort to rebuild investor support following struggles with its declining share price. The company’s new chairman, John McFarlane, hopes that this shake-up will be just what is needed. McFarlane stepped in following the removal of Andrew Moss in May 2012, when Aviva’s stock performance was strikingly weak. He will be taking the axe to sixteen…

Latest international insurance news includes new draft for global coverage framework

July 6, 2012April 30, 2013

Supervisors provide new outline for encouraging cooperation among regulators on a local level. The most recent international insurance news in the spotlight includes multinational supervisors in the industry, which have updated their global framework draft in order to help to encourage local regulator cooperation, as they deal with the struggles of regulating insurers with a great deal of business outside of their country of origin. The ComFrame – the name of the global framework – has been under construction for two years. The group responsible for the development of this…

Insurance news report shows global prices increased 1.4 percent worldwide

July 5, 2012July 4, 2012 Dan

The Marsh data was included in its index for Q2 2012. If the forecasts based on the most recent insurance news report from broker, Marsh, are accurate, then the worldwide prices are aligned for a third consecutive quarter of increases, as the industry works to strengthen its financial situation following the sizable catastrophe claim payments in 2011 that approached record levels. The second quarter 2012 average global prices were 1.4 percent higher than they were last year. According to the Marsh Risk Management Global Insurance Index – which tracks the…