Year: 2024

Life Insurance: A Comprehensive Look at Its Benefits and Key Influencers In the ever-evolving world of life insurance, influential leaders are not just redefining the sector but are also driving significant changes in how we approach risk management. Life insurance offers comprehensive protection and future security, crucial for individuals from various walks of life. Benefits […]

California Insurance Rate-Setting Under Fire in Judge’s Decision California’s approach to insurance rate-setting is facing intense scrutiny following a recent judicial decision. The court’s ruling has highlighted several critical issues, particularly in the areas of consumer input and regulatory oversight. Judicial Review of Insurance Rates In a ruling delivered last week, a California judge criticized […]

Oklahoma Issues Guidelines for AI Use in Insurance In a significant move to embrace technological advancements while safeguarding consumer rights, Oklahoma has released new guidelines for the use of artificial intelligence (AI) in the insurance sector. These measures are seen as a balancing act aimed at fostering innovation without compromising customer protections. Impact on Life […]

Alien Insurance Companies: A Beneficial Concept An alien insurance company might sound like something from a sci-fi novel, but in reality, it’s a term used in the insurance industry to describe a company that operates in a country other than its home country. As defined by Insurance Business Magazine, alien insurance companies are firms that […]

Accredited Insurance Appoints Steven Bensinger to Board Accredited Insurance has recently announced the appointment of Steven Bensinger to its board of directors. Bensinger, a veteran in the industry, will bring his wealth of experience to the company and will chair the audit committee. This strategic move signals Accredited Insurance’s commitment to bolstering its leadership team […]

Who Made it to the 2024 Reinsurance Business Hot List? The 2024 Reinsurance Business Hot List has been announced, shining a spotlight on individuals who have made significant contributions in leadership, innovation, and industry growth. This year’s list not only honors those in the traditional sectors but also recognizes key figures in emerging fields such […]

Manulife President, CEO Roy Gori to Retire in May 2025 Manulife Financial Corp, the parent company of John Hancock, recently announced that President and CEO Roy Gori will retire in May 2025. This announcement marks the end of an era for the major retirement, insurance, and investment firm, sparking a conversation on the importance and […]

RGA Introduces Aspire to Transform Insurance Operations in UAE Reinsurance Group of America, Incorporated (RGA) has announced the launch of Aspire, a new initiative aimed at transforming insurance operations in the United Arab Emirates (UAE). The white-labeled solution is designed to simplify processes and strengthen ties within the healthcare sector, offering significant advantages for both […]

Saudi Reinsurance Rule Set to Boost Local Market Revenues The recent reinsurance regulation reforms introduced by Saudi Arabia are expected to significantly bolster the local insurance market revenues, which are projected to reach USD 22.28 billion. The primary sectors driving this expansion include health and motor insurance. However, experts suggest that life insurance could also […]

Guarding Against Long-Tail Cyber Breach Events: The Role of Life Insurance In a world increasingly reliant on technology, insurers are looking at innovative ways to guard against long-tail cyber breach events. Life insurance companies, such as Lincoln Financial and Chubb, are leading the charge by integrating more comprehensive coverage for cyber threats. These efforts offer […]