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Posts Tagged ‘insurer’s’

Freezing spell costs insurers £650m
Insurers paid out £650 million in weather-related claims as the UK suffered the coldest winter for 30 years, a trade body has said.

Read more on Channel 4

Insurers View Growth Pronouncements with Bemused Realism
The mood at Celent’s 2010 CIO Roundtable was relatively hopeful, with executives and analysts expressing cautious optimism that the insurance industry is ready to move beyond crisis and retrenchment.

Read more on Insurance and Technology

You bet your life: health insurer’s cheap DNA test could prove costly
The insurer NIB has begun offering its customers cut-price genetic tests which could unwittingly expose them to higher premiums or even leave them unable to get life insurance or insurance payouts.

Read more on Sydney Morning Herald

Aviva, Swiss Life Lead European Insurers Lower on Bond Concern
Aviva Plc, Legal & General Group Plc and Swiss Life Holding AG led a decline in European insurers amid concern holdings of corporate and government debt may threaten the companies’ capital as state finances worsen.

Read more on BusinessWeek

Indian Insurers May Pump Record $21 Billion in Nation’s Stocks
Feb. 8 (Bloomberg) — Indian insurance companies may increase investments in the nation’s stocks by 24 percent to a record $21 billion next fiscal year as premium collections rise, according to India’s largest private insurers.

Read more on Bloomberg

Irda to meet life insurers today
The Insurance Regulatory & Development Authority (Irda) will meet the heads of life insurance companies tomorrow to discuss the show-cause notices issued by the market regulator, the Securities Exchange Board of India (Sebi), on the sale of unit-linked insurance plans (Ulips).

Read more on Business Standard India

DOF seeks veto of tax perk for life insurers
President Gloria Macapagal Arroyo has been asked by the Department of Finance (DoF) to veto a provision in a bill waiting for her signature that exempts life insurance from all types of taxes.

Read more on GMA News

Malaysian insurers in for better times
daljit@thestar.com.my PETALING JAYA: Despite facing some hurdles, the local insurance industry has a promising outlook with new life business weighted premium forecast to grow 12.5% to RM3.6bil this y…

Read more on MalaysiaNews.net

Fitch: Negative Outlook Continued for U.S. Life Insurers Based on Economic & Operating Uncertainties
NEW YORK—-The rating outlook for the U.S. life insurance sector will remain negative based on a combination of economic and operating pressures unlikely to abate in 2010, according to Fitch Ratings.

Read more on Business Wire via Yahoo! Finance

Life insurance, the playground of foreign insurers
VietNamNet Bridge – Despite great difficulties, 2009 was still a prosperous year for life insurance companies, most of which are foreign-invested. The next several years look even better.

Read more on Vietnam Net