The number of people complaining about insurance policies not being paid is on the rise. In the past three years, the number of complaints to the Financial Ombudsman has almost doubled. Steve Holland, 57, thought he was fully covered through his insurance – right up until he made a claim […]
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Kazakhstan central bank to use pension fund cash to prop weak economy
By Olzhas Auyezov Kazakhstan’s central bank will use 1 trillion tenge ($3.6 billion) from the state pension fund next year to support the slowing economy, the bank’s chairman, Kairat Kelimbetov, said on Friday. Kazakhstan, Central Asia’s largest economy and the second-largest post-Soviet oil producer after Russia, has been hit hard […]
Obamacare Insurance Markets Still Vulnerable to Fraud, Experts Say
By Maggie Fox The Obamacare health insurance exchanges are still easily tricked by fraudulent applications, with fake Social Security numbers and bogus immigration details, more than a year after the weakness was first pointed out, officials say. A Government Accountability Office sting also found that many people were double-covered by […]
Pension assets now N5.03tn – PenCom
By Tom Moses The National Pension Commission, PenCom, yesterday in Uyo, Akwa Ibom State, said the pension assets had hit N5.03trillion, even as the state governor, Mr. Udom Emmanuel, described the diversion of pension fund or its misappropriation by public officials as the height of man’s inhumanity to man. The […]
Insurance premiums: Is $100 the next Obamacare hurdle?
It’s all about the “Benjamins” for many current and potential Obamacare customers. A large majority of adults say “$100 a month or less” is the highest monthly premium they can afford to pay for health insurance in 2016, according to a survey released Wednesday. The HealthPocket.com report found that 57 […]
Insurers told to clarify earthquake coverage
Oklahoma Insurance Commissioner John D. Doak has ordered property and casualty insurers to send each Oklahoma policyholder a clarifying notice of earthquake coverage in response to a growing number of questions about earthquake insurance. “Insurance is complicated,” Doak said. “We know that most people don’t read their policies. Even if […]
210 unqualified employers applied for compliance certificates – PenCom
Leave a comment Chuks Udo Okonta The National Pension Commission (PenCom) said it rejected the applications of 210 employers who sought compliance certificates to enable them bid for government contracts, because they failed to meet the necessary requirements. The Commission in a report said it received 1,050 applications for issuance […]
Annuities Insurance in the UK – Key Trends and Opportunities to 2019
PRNewswire Synopsis This report is the result of extensive research into the annuities market in the UK, covering its market dynamics, outlook and competitive landscape. It provides details of the market size and projections of new business premiums, and addresses the impact of the new pension rules on annuity providers. […]
Clinton questions plans for health insurers to merge
By Ken Thomas, Associated Press WASHINGTON (AP) — Hillary Rodham Clinton warned Wednesday that two major health insurers preparing multibillion dollar acquisitions could tip “the balance of power” too far away from consumers. The Democratic presidential candidate said in a statement she had “serious concerns” with the proposed acquisition of […]
Insurers in South Africa Seek Technology Partnerships, PwC Says
By Renee Bonorchis Customers changing how they interact with insurance companies Industry faces more disruption than any other, PwC says Share on FacebookShare on Twitter Share on LinkedInShare on RedditShare on Google+E-mail South Africa’s biggest insurers are considering technology and telecommunications partnerships as they seek ways to improve earnings to […]
