Even when a suicidal person holds a life insurance policy, the undoubtedly twisting decision to end one’s life offers no easy financial answers to care for those we love. Insurers pay out in some instances, but some contractual disqualifiers exclude a death benefit paid to policy beneficiaries.
After the contestability and suicide clauses in an individual’s life insurance policy expire, life
Insurance marketplace Lloyd’s of London posted a first-half pre-tax loss of £400 million ($520.08 million) on Thursday, on the back of £2.4 billion in coronavirus-related payouts so far this year.
The loss compares with a profit of £2.3
Major benefits of Big Data Analytics include elimination of complexities and overcoming the issues of information overload. Due to the Covid-19 pandemic the need for timely reporting has become more critical than ever before for the Insurance and Pensions Industry.
BY Joyce Benza
In a number of cases systems are not fully integrated, thereby presenting dissimilar
Etihad Airways, the Abu Dhabi-based airline which services the US among other regions, has announced that it will provide COVID-19 insurance to its passengers.
Airlines around the world are trying to stimulate demand amid the pandemic. As people continue to travel, Etihad has decided to provide coverage for medical and quarantine costs for passengers who contracted the virus after taking one of its
Insurers should balance benefits and effects of data sharing
Staff Reporter
As insurance companies embrace the use of digital data, they must remain cognisant of balancing its benefits and effects by ensuring that clients are comfortable either with use of the data or sharing such data, Insurance 24 has learnt.
This was said by Emeritus Re Head Reassurance and Underwriting, Clementine Chinyuku during
Road trips are all the rage. But is your auto insurance ready for a long drive?
Finding the best auto insurance for extended road trips is more important than ever. A majority of Americans planned to drive to their vacation destinations this summer. Among those traveling, 72% of respondents said they’d be driving their own car to a summer getaway, according to a recent Generali Global Assistance
The trend has been keenly felt by the insurance industry, where the once-marginal digital sales channel has seen a boom in premiums, with firms holding the best online positioning reaping the greatest rewards from the new revenue stream.
According to the Thai Life Assurance Association, new premium sales from digital channels totalled 52.1 million baht in March.
Digital sales alone contributed 0.3%
Insurance is a vital risk mitigation tool in construction projects. Whether insurance is taken out due to a statutory, regulatory or contractual requirement or as an additional measure of protection, parties cannot afford to go without it.
In this bulletin, we consider the role of insurance, important insurance considerations and common types of insurance cover in construction projects.
Risk
The government is all set to launch National Digital Health Mission (NDHM) which enables all citizens to possess digital health records. Unique Health ID will be allotted to each person and a Health Card will also be issued facilitating people to share the data with healthcare providers anywhere in the country and get the necessary medical attention. While this should usher in a new era in the healthcare
VFEX launch imminent as it gets licence
Staff Reporter
The Securities and Exchange Commission of Zimbabwe (SecZim) has licensed the Victoria Falls Stock Exchange Limited (“VFEX”), paving way for its planned opening.
This is in accordance with the Securities and Exchange Act, Chapter 24:25. VFEX which shall be a foreign currency denominated platform is a subsidiary of the Zimbabwe Stock