An evolving retail insurance market
HARARE, The disruption caused by the COVID-19 pandemic has resulted in a reimagining of the retail insurance sector. With an international survey finding that 40% of insurers expecting to increase investment in
Category: International
27Jan
THREE UNDERWRITING PREDICTIONS FOR 2021 AND BEYOND
THREE UNDERWRITING PREDICTIONS FOR 2021 AND BEYOND
While 2020 proved to be a year that changed the way we live and work, our predictions for 2020 nevertheless proved to be remarkably accurate. As we forecasted, life insurers that modernized their core new business and policy administration
15Jan
Coronavirus: Student nurses ‘at risk’ without insurance on placement
“It’s really scary. You don’t know what you’re going to face everyday,” Lizzy tells Newsbeat.
She’s a student nurse and is on placement at the moment. Like many others working in a hospital right now, she’s finding it tough.
But the difference for Lizzy and other student nurses and midwives is they’ve not been getting paid.
This means they don’t
15Jan
Insurers must pay small firms for Covid lockdown losses
Tens of thousands of small businesses will receive insurance payouts covering losses from the first national lockdown, following a court ruling.
The Supreme Court found largely in favour of small firms receiving payments from business interruption insurance policies.
For some businesses it could provide a lifeline, allowing them to trade beyond the coronavirus crisis.
The ruling could cost the insurance
12Jan
How are insurance regulators in sub-Saharan Africa being affected by, and responding to, COVID-19?
How are insurance regulators in sub-Saharan Africa being affected by, and responding to, COVID-19?
HARARE, The COVID-19 pandemic and the measures governments have imposed to curb its spread continues to have far-reaching consequences for insurance industries across sub-Saharan Africa (SSA). In the midst of increasing uncertainty, insurance regulators have had to explore a range of options to ensure
11Jan
The Ultimate Guide to Life Insurance 2021
The Ultimate Guide to Life Insurance
The topic of life insurance can be somewhat confusing and downright scary to think about.There comes a point in everyone’s life where we have to remember that we aren’t going to be around forever. We’re hoping someone will discover the fountain of youth in the next few years, but for now, you probably have lots of questions about how to support your loved
21Oct
Should pandemic insurance be mandatory for small businesses?
In the United States, just over one third of small businesses add business interruption insurance (BI) on to their commercial property policy, according to the Insurance Information Institute. That means the vast majority
18Oct
US cyber insurance market at exciting crossroad
The US cyber insurance marketplace has reached an interesting crossroad. The market is hardening, rate momentum is picking up, and underwriters are starting to be far more stringent in risk selection with the aim of portfolio optimization and maximizing their return on capital. In this evolving environment, which has been complicated by the COVID-19 pandemic, the US cyber insurance marketplace is
14Oct
Is your life insurance cover adequate? Find out
It is essential to understand why you may still be underinsured, how it may impact your family’s financial future and how much protection would you require for adequate coverage.
Insurance needs change with changes in age, income, expenses, debt, lifestyle, inflation, etc.; and you need to factor in these changes and top-up your insurance purchases.Having inadequate life insurance protection could be as devastating for your dependent family members as not having a life insurance cover at all. If you don’t have any life insurance cover, you may identify your insurance requirement and get the appropriate product. But if your life insurance size is inadequate, you may not know it until you review it correctly.Hence, it’s essential to understand why you may still be underinsured, how it may impact your family’s financial future and how much protection would you require for adequate coverage.
How to determine adequate cover size
One of the key purposes of a life insurance policy is to ensure financial support to the insured’s dependent family members after his or her death. There are various ways to
12Oct
10 things to check to make sure your insurance claim goes through
Getting insurance cover for one’s assets is commonly seen by many as a grudge purchase, and as much as some customers might not enjoy paying their monthly premiums, the good news is that they’re assured that their assets are well covered (within the limits of the policy wording) to face the worst of unforeseen circumstances.
businesstech
Very few people read through the fine print in their insurance