Posts Tagged ‘insurance’
In April we reported that the cost of women’s life insurance is set to go up. This is due to the European gender directivewhich comes into force in December this year. It means men and women will be treated equally when insurers are underwriting policies. Experts predict a 15% increase in protection for women. This [...]
With this type of underwriting, health insurance applicants aren’t required to make any medical declarations. Any new or unexpected medical conditions that occur after the policy has started will be covered according to the policy conditions. How does this affect pre-existing conditions? If you sign up for a policy with moratorium underwriting your pre-existing condition [...]
If you’re seriously injured while living abroad, you may well need to be evacuated to a different country. This is especially true in the developing world, where medical facilities are sometimes low quality. And if you do have to go, you’re most likely to travel by air. The company AirMed is counting on it. It [...]
France’s AXA is (still) the world’s largest insurer, according to rankings by A.M. Best Co., making it an attractive choice for expats the world over. AXA operates in 61 countries and has some 95 million clients. It wrote USD 107.9 billion worth of net premiums in 2010. That figure is 23.8% higher than the second [...]
Everyone wants a piece of India these days. Most recently, Cigna and India’s TTK Group announced a joint-venture agreement to sell a range of health and insurance products across the country. The two companies are currently seeking regulatory approval from India’s Insurance Regulatory and Development Authority. They expect a license around 2013.
The Association of International Medical Insurance Proviers (AIMIP) has created a data sharing agreement to fight fraud in the private insurance sector, according to Owain Thomas at IFAonline. It involves AIMIP, member insurers, the Health Insurance Counter Fraud Group and Experian (the global credit monitoring service). AIMIP includes large medical insurers targeting expatriates around the world, [...]
Aviva has announced to brokers and agents in Hong Kong that it will be cancelling its Global Lifecare plans, according to a recent post by Michael Lamb at Globalsurance. He quotes a recent company communication stating: We have decided to discontinue any new business of our Aviva Global Lifecare products with immediate effect and also [...]
US health insurer CIGNA says it is looking to make acquisitions and can afford up to USD 1 billion in purchases, according to a recent story by Benjamin Harvey in Bloomberg Businessweek. CIGNA’s CEO, David Cordani, told reporters in Istanbul that the insurer had a strong capital position and a 19% increase in profit over last year. [...]
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