Women hold only one in five top insurance industry jobs

Top insurance industry jobs - Women in Business

A recent UK study showed that despite an overall industry gender balance, top jobs belong mainly to men. Of every five top insurance industry jobs four are filled by men and only one is filled by a woman. This, according to a recent study in the United Kingdom. This reveals a gender imbalance within this industry that was not entirely obvious to spot. The reason is that when looking at the employment data across the entire insurance industry, women and men fill nearly the same total number of jobs. However,…

Read More

Zurich Insurance Group makes $2.1 billion ANZ life insurance acquisition

australia ANZ life insurance

The Swiss insurer will solidify a more important spot within this sector of the global industry. Zurich Insurance Group has announced its acquisition of ANZ life insurance. The move will place the Swiss company in the top position within Australia’s retail life insurance marketplace. The acquisition was made for a reported $2.1 billion and will considerably increase its standing in Australia. Before the ANZ life insurance acquisition, Zurich had been holding the fifth spot within that marketplace. Now it will take an easy first. The Swiss insurance company stated that…

Read More

Smart contract insurance partnership launches between AIG and IBM

IBM Supercomputer - smart contract insurance

The insurer and tech giant will use blockchain for managing complex forms of international coverage. American International Group (AIG) and International Business Machines (IBM) are partnering to create a form of smart contract insurance policy. This coverage will employ blockchain for the management of highly complex forms of international insurance protection. The two companies recently completed the smart contract coverage policy pilot project. The smart contract insurance multi-national policy pilot provided Standard Chartered Bank PLC with coverage. The pilot used blockchain’s digital leader technology for what IBM and AIG called…

Read More

Chinese insurance industry welcomes insurers from other countries

china insurance industry

A recent keynote speech from President Xi Jinping pointed out that its economy would be opening up into the future. Chinese President Xi Jinping gave a keynote speech at the APEC CEO summit, in which it was revealed that the insurance industry – and other parts of the country’s economy – would soon be welcoming a greater amount of foreign investment moving ahead. The country will be opening up its doors to the rest of the world to a larger degree and limits will be reduced. According to Xi, when…

Read More

Insurance news from Tianjin explosions shows claims have started

Tianjin explosion China insurance news

Zurich has announced that it is already receiving claims and that it is bracing for many more. The insurance news from Zurich Insurance Group’s Chinese unit has revealed that it has already started receiving filings with regards to the explosion in the country’s northeast city of Tianjin, and it has added that it is preparing to receive many more. The blast struck the city in China last Wednesday, killing over 85 people and injuring more than 720. As rescue workers continued to pull survivors out of the disaster zone, two…

Read More

Indian government approves ordinance for the insurance industry

india flag insurance industry

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…

Read More

Marriage insurance takes off following a rash of cheating among celebrities

Wedding Marriage Insurance

This trend has been heaviest in China, where social media has reported infidelities among some top stars. As news of major celebrity divorces, infidelities, and other relationship-ending occurrences started making its rounds throughout social media sites in China, recently, the number of people who have been looking into marriage insurance has suddenly started to rise. It looks as though many people are starting to take this relationship news personally and want to protect themselves. Among the largest reports that have caused marriage insurance to increase in popularity was that Wen…

Read More