AXA XL, a leading global insurance and reinsurance provider, has announced the addition of three new members to its Energy team in the UK & Lloyd’s Business Unit. The new appointments are expected to further enhance the team’s capabilities in the energy insurance market. Josephine Stroud, who has been appointed as Senior Underwriter for Energy…
[ad_1] Fire insurance is an agreement between a policyholder and an insurance company to cover all losses and damages caused by fire to the insured property. The global fire insurance market was worth USD 22,813.70 million in 2021 and is estimated to grow to USD 30,923.60 million by 2028, with a CAGR of around 5.20%…
Non-life insurance industry sees robust growth of 16.4% driven by health and motor insurance, according to industry report. The non-life insurance industry in India has been experiencing robust growth, with the health and motor insurance sectors driving the demand. In FY23, the industry witnessed an impressive growth rate of 16.4%, surpassing the previous…
Introduction: HDI Global SE: “Empowering Businesses with Tailored Insurance Solutions for a Secure Future.“ HDI Global SE has implemented significant changes in its UK & Ireland branch to support its ambitious growth strategy. The company has appointed Antonia Osborne as the new Director of Underwriting, responsible for underwriting performance and future strategy. Alongside this, Philip…
Surrogacy: A New Hope for Childless Couples. In a significant move, the Insurance Regulatory and Development Authority of India (IRDAI) has directed all insurance companies to include the cost of surrogacy under their health insurance policies. This development is expected to provide a ray of hope for couples who have been struggling with fertility issues…
Explore the features of ICICI Prudential Life Insurance’s latest offering, the ICICI Pru Guaranteed Pension Plan Flexi with Benefit Enhancer, which stands as the industry’s first annuity plan providing customers the unique option of a 100% premium refund. Learn how this innovative plan addresses retirement planning concerns and aligns with regulatory proposals for fair surrender…
Can insurance be considered as a means of passive wealth creation? This is a common question asked by many. Many people wonder whether insurance can serve as a passive source of wealth creation. However, the answer to this question is simply ‘NO’ , insurance cannot be described as a way to create wealth passively. It…
What Is Insurance Excess? Insurance excess is the amount you must pay out of pocket before your insurer covers the remaining claim. It helps discourage small claims and keeps premiums economical. Definition Term Meaning Insurance Excess / Deductible The portion of every claim paid by the policyholder before the insurer contributes. Types of Excess Type…
