Indian
Proposed Digital India Act will have huge section on online safety, trust: MoS IT
Rajeev Chandrasekhar, Minister of State Electronics and Information...
LIC’s net profit soars nearly 5-fold to Rs13,428 crore in Q4 FY 23
The Indian Embedded Value (IEV) of the corporation has been...
IRDA hosts 2-day international event on “Insurance and Retirement savings in Asia”
Some of the prominent speakers at the international conference...
Market value of LIC investment in Adani stocks hits Rs 44,670 cr
The country's largest insurer and leading institutional investor in...
International
Biden to outline plan to curb coronavirus Delta variant as cases grow
Reuters data shows that more than 20,800 people have died in the United States from COVID-19 in the past two weeks, up about 67% from the prior two-week period. Hospitalizations have grown, with seven U.S. states – Alaska, Georgia, Hawaii, Idaho, Kentucky, Tennessee and Washington – reporting records this month.
According to the U.S. Centers for Disease Control and Prevention, 62.3% of Americans have received at least one vaccine dose and 53% – 176 million people – are fully vaccinated.
Major U.S. insurers jump on distribution platforms to gain customers, sales
The powerful new platforms, including Semsee, bolttech, Bold Penguin and Uncharted, pull data from many carriers, allowing agents to see multiple quotes for policies, much the way travel agents see competing air fares.
Chubb Ltd, Travelers Companies Inc and Liberty Mutual have signed on recently as have agencies that also sell policies, executives said.The growth of digital distribution represents a shift in how insurers compete in markets for auto and homeowner coverage as well as business and commercial lines worth hundreds of billions of dollars annually, experts said.
Carriers also benefit from being able to meet more of a customer’s needs, even if they are not selling their own policy.
Climate NGOs in Germany threaten legal action against VW, Daimler, BMW
$25–$35 billion insured losses in Gulf of Mexico from hurricane Ida: RMS
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