Month: November 2024

NorthStandard Expands Ties with NNPC Exclusive Reinsurance Partnership Focuses on Growth and Enhanced Service Offerings In a strategic move to enhance service offerings and drive growth, NorthStandard has announced an expansion of its collaboration with the Nigerian National Petroleum Corporation (NNPC). This exclusive reinsurance partnership will particularly benefit from the incorporation of life insurance aspects, […]

Lockton on How Brokers and Retailers Should Manage Holiday Season Risks Leading insurance broker Lockton has released a comprehensive guide addressing how brokers and retailers can effectively manage the heightened risks associated with the bustling holiday season. According to Lockton, businesses face an increased threat of theft, safety hazards, and operational disruptions during this peak […]

The Growing Demand for Life Insurance in Mexico’s Cartel-Affected Industries The increasing presence of cartel-related violence in Mexico has resulted in a burgeoning demand for various life insurance policies, extending beyond tourism to encompass industries such as factories, warehouses, and toll roads. The comprehensive offerings provided by lifetimeinsurance.org include Business/Career Insurance, Retirement Insurance, Marriage/Divorce Insurance, […]

The Future of the Insurance Industry: Attracting Young People with Life Insurance In a rapidly evolving world, the insurance industry is undergoing significant changes. These transformations are geared toward making the sector more attractive to younger generations. One pivotal angle gaining traction is the diverse benefits provided by life insurance. According to a recent interview […]

The Role of Generative AI in Revolutionizing Life Insurance Insurers that focused on modernizing technology and improving their data, analytics, and artificial intelligence (AI) capabilities are now able to incorporate generative AI (gen AI) as a natural next step on their reinvention journey. Generative AI is transforming various facets of life insurance, including policy creation, […]

Pacific Storm Causes Significant Insurance Losses In the wake of a violent Pacific storm, insurers are tallying up the damages, and the numbers are substantial. State Farm has reported approximately 1,500 storm-related claims, underscoring the financial toll and the importance of various insurance policies in safeguarding individuals and businesses. Life Insurance: A Shield Against Life’s […]

Cyber Insurance Growth Hinges on Pricing and Risk Management: S&P The rapid growth of cyber insurance is increasingly dependent on appropriate pricing and effective risk management, according to a recent report by S&P Global. As regional expansion and evolving threats shape the landscape, insurers must adopt disciplined underwriting practices to thrive in this competitive sector. […]

Travel Insurance Market Size to Reach USD 63.9 Billion by 2031 The travel insurance market is set to explode, with recent projections estimating a significant rise to USD 63.9 billion by 2031. This anticipated growth is attributed to several factors, including the resurgence of international travel post-pandemic and an increasing general awareness of the importance […]

Life Insurance: A Vital Investment for All Aspects of Life The global market for Corporate Owned Life Insurance (COLI) is witnessing unprecedented growth, with notable players including John Hancock, Pacific Life, AXA, Unum, Zurich, and Allianz making significant strides. But beyond corporations, life insurance offers a myriad of benefits that cater to various individual needs […]

Variable Universal Life Insurance Market to Witness Massive Growth In a notable development, the Variable Universal Life Insurance (VUL) market is expected to witness significant growth, according to a recent report. Key players in this market include Zurich Insurance Group (Switzerland), Generali (Italy), Lincoln Financial Group (USA), Nationwide (USA), Pacific Life (USA), Transamerica (USA), and […]