Insurance companies are already paying more for car coverage than they were five years ago, with average annual premium increases of 25% in 2017, according to a new report from the Insurance Institute for Highway Safety (IIHS).The IIHS said premium increases for 2017 have been the highest since the program started in 2010.The IIS estimates […]Read More
The Life Insurance industry is in the middle of a major controversy after it emerged that it is not only being exploited by unscrupulous players in the industry, but also being used by unscrupled clients.The Life insurance industry is the world’s largest and most important provider of insurance to people with limited income.It covers almost […]Read More
By Sarah BinderAssociated Press – FEBRUARY 03, 202010:12:42The Insurance Industry Institute (IIA) said on Tuesday it had removed all of its rating of the U.S. health insurance industry from the Better Business Bureau’s website after the Federal Trade Commission (FTC) took it to task for misleading the public and for offering “free, low-quality” insurance coverage […]Read More
The Insurance Industry is on the brink of another financial crisis, and the number of Americans who have insurance through their employers is likely to grow faster than the total number of jobs that have been created in the last decade, according to the American Association of Insurance Commissioners.That means that many of the thousands […]Read More
When it comes to the financial health of life insurance companies, many people say that the industry is a business, but many are skeptical about its ability to stay profitable.According to the Insurance Information Institute, the life insurance market has experienced a sharp decline in recent years, falling by roughly half since 2012.The industry saw […]Read More
The Insurance Information Institute (III), a trade group that represents insurers, said in a report that insurance industry representatives were preparing to prepare for a potential future of the Affordable Care Act (ACA).“The industry is actively preparing for a possible future of a repeal of the ACA that would put a severe dent in the […]Read More
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 […]Read More