International Article
UK insurance bill for storm and flood damage estimated to cost £426 million
Global Consumer Insurance Survey 2012 Asia-Pacific by ERNST & YOUNG
The Asia-Pacific region is one of enormous growth and opportunity for insurers. It is also one of significant diversity. In developing countries, agency sales forces dominate and play a vital social role in making products accessible to low earners. The development of insurance markets in western- Developed countries, however, indicates that the emergence of more independent, but also expensive, distribution channels often ultimately leads to the demise of traditional agency sales forces. Read more
Total healthcare costs in India are projected to increase by 12.3% annually to USD214 billion by 2020 Swiss Re Study
The Health Protection Gap in the Asia-Pacific region could reachUSD197 billion in 2020, according to Swiss Re’s latest study, entitled Health Protection Gap: Asia-Pacific 2012. This study is the first of its kind whichpresents and compares the Health Protection Gap across 13 markets in the Asia-Pacific region: Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, the Philippines, Singapore, South Korea, Thailand, Taiwan and Vietnam. Read more
The Changing Face of Affinity Group Distribution
A. Traditional “Affinity Channels†have concentrated on a few defined areas of focus:
1. Delivering a value proposition to members/constituents that included… Read more
Italy quakes to cost insurers up to 700 million euros
Insurers could have to pay out as much as 700 million euros ($880 million) as a result of earthquakes that hit northern Italy this month, risk-modelling agency Eqecat said recently. Read more
Losses from Natural Disasters Reach New Peak in 2011
During 2011, 820 natural catastrophes were documented around the world, resulting in 27,000 deaths and $380 billion in economic losses, according to data compiled by Munich Reinsurance Company and analyzed in the Worldwatch Institute’s Vital Signs series. Read more
Interview with Jennifer A. Borislow CLU, Million Dollar Round Table
The Insurance Times Magazine, publsihed from India recently covered an Interview of Jennifer A. Borislow CLU, Million Dollar Round Table in its March 2012 issue. Here are some excerpts of the interview…… Read more
Swiss Re’s latest sigma study reveals huge economic losses of USD 370 billion from natural catastrophes
Swiss Re’s latest sigma study reveals unprecedented economic losses of USD 370 billion from natural catastrophes and man-made disasters in 2011. Read more
Swiss Re reports strong net income of USD 2.6 billion for 2011
Swiss Re reports strong net income of USD 2.6 billion for the full-year 2011, despite an exceptional natural catastrophe burden. By focusing firmly on its core businesses and the implementation of its strategy, the Swiss Re Group is well positioned to outperform and to capture unique growth opportunities in 2012.
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