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What to know about the insurance industry’s health insurance market growth

Insurance industry revenue grew 5% in 2017, the latest data from the National Association of Insurance Commissioners showed.But the data also showed that growth slowed to 3.9% from 4.7% in 2016.The industry’s revenue was $1.05 trillion in 2018, up from $1 trillion in 2016, according to the association’s 2017 report.The biggest driver of the growth […]

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Why is auto insurance not covering this?

Insurers and the industry are struggling to keep pace with demand for car insurance.Photo: Rob Homer Insurers are also struggling to provide a robust data platform for their customers to access data and monitor their coverage.They also are not keeping up with rising costs.Insurance industry consultant John Macdonald said it was a “major problem” that […]

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How much do Israeli insurance executives earn?

Israeli insurance companies have been paid more than $4.3 million per year, the compensation of top executives in the insurance industry in recent years, according to a report by the Israeli Insurance Federation.The report, which includes compensation data from all Israeli insurance businesses, is part of a broader effort by the insurance sector to provide […]

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When you get hit by a car, the insurance industry can’t help but pay attention

There are many ways for insurers to profit from the automobile accident, but the most common is by covering the expense of the vehicle’s insurance.As of 2014, the Insurance Industry Association of America estimates that an insurance company would have to cover about 60 percent of the cost of a vehicle accident.That means an insured […]

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The Insurance Industry Says It Will Be Leaving the Paris Climate Agreement

The Insurance and Insurer Businesses Association says it is leaving the Paris climate accord, citing its concerns over the economic impact and the risk of the agreement’s implementation.The American Insurance Association (AIA) released a statement Monday, saying it believes the United States is “at a critical juncture in its energy transition” and the Paris agreement […]

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The Death Toll of Obamacare: How Many People Have Been Killed by the Law?

5,717 people were killed in 2016, according to a new report from the Congressional Budget Office.That was up from just over 5,000 deaths in 2015.Here are some key facts to know about the 2017 death toll.1.The death toll from the Affordable Care Act was about 1.8 million, according the CBO.2.The total number of people who […]

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A look at the latest health insurance claims data from the United States for the month of September 2018

India has seen its monthly number of insurance claims fall by over 60% from the previous month, but the number of insured individuals remains stable.The monthly numbers were released by the Insurance Corporation of India (ICI) on Monday.The monthly data was collected on September 10, 2018, and the data shows that of the 7.3 crore […]

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How many jobs were lost to automation in 2016

An article about the employment losses in the US insurance industry from the Bureau of Labor Statistics.The number of US jobs lost to automated machines is higher than the number of jobs lost in the coal industry, according to a report released Tuesday.The unemployment rate fell to 5.3% from 5.8% in November, and is the […]

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India’s insurance industry faces a critical time

An estimated 4.2 million Indian citizens have become eligible for the government-run national insurance scheme, but with few resources to fund the coverage, a small number of insurers are struggling to survive.India’s government-sponsored insurance industry is one of the country’s biggest, accounting for more than 70 percent of gross domestic product (GDP).It covers more than […]

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Why are auto insurance companies so keen on a Rs 3,000 crore project to build India’s first 3D printed life insurance?

IANS By Anupam BehariaAIMS India-based insurance company AIMS has announced a Rs3,000-crore investment to develop a 3D-printed life insurance product in India.The company, which has already been investing in 3D printing of life insurance, has also approached the central government for financial assistance for the project.It is aiming to start a production of life insurers […]

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