Despite the recession, Irish drivers are refusing to compromise on their motor insurance, sticking with fully comprehensive cover. According to a recent AIB survey, more than 80 percent of people in Ireland are still opting for fully comprehensive insurance. With 83 percent of drivers paying for fully comprehensive insurance, the...
LV= Broker will launch an enhanced motorcycle policy with an increased cover and wider underwriting criteria. The launch would be part of LV= Broker’s plans to become a top three-bike insurer and has been handed a four-star Defaqto rating. The new product will be Highway branded and will offer...
New government plans could force immigrants coming to the UK to take out mandatory Private Medical Insurance (PMI). The move is to lessen the burden on NHS funding and pass some of the risks and costs on to the private insurance sector. The home office said current arrangements allowing free...
Days after delaying health insurance requirements for employers, the Obama administration has decided to roll back requirements for new state online insurance marketplaces to verify the income and health coverage status of people who apply for subsidised coverage. President Barack Obama’s healthcare reform law is slated to begin offering health...
Some homeowners in flood-ravaged Alberta are banding together in an attempt to name and shame insurance companies that have rejected their claims for sewer backup damage following recent floods. Residents of the Elbow Park neighbourhood in Calgary say some insurance companies are approving claims while others are not — despite...
Regulation is driving insurance sector workers to become more risk-averse to the possible detriment of profitability, according to the preliminary findings of a study partly funded by the Chartered Insurance Institute (CII). The study conducted by the LSE and University of Plymouth into corporate risk culture based on a survey of...
Desjardins General Insurance Group has launched a new usage-based auto insurance offering to be approved by the regulator and made widely available to drivers in Ontario. Dubbed Ajusto, the new UBI program will also be available in Quebec. The program is free and voluntary for current and new Desjardins policyholders,...
The Irish Insurance Federation has endorsed OECD proposals for a reform of the Irish pension landscape and committed life industry to implementing the necessary changes so that a universal enrolment pensions system can be established for all workers in the state. Speaking at the IIF Conference, ‘Is Ireland really ready...
A report showed that repair costs for imported automobiles in South Korea are on average three times more expensive than those charged for domestic cars, amid a move by non-life insurers to revamp pricing standards for fixing foreign vehicles. According to the report by the Insurance Development Institute, average repair...
According to Reuters, Japan has agreed to a “robust package of actions and agreements,” to address US concerns over access to its auto and insurance markets as part of a deal paving the way for Tokyo to join the US-led Trans-Pacific Partnership (TPP) talks, according to acting US trade representative...
