Insurance

Insurance

World’s Top 10 Insurers Ranked by Premium, Assets

The world’s largest insurer as measured by 2014 net premiums written is UnitedHealth Group Inc., according to a ranking by A.M. Best of the world’s largest insurance companies. France’s AXA S.A. kept its top spot among global insurers ranked by assets, but fell to No. 2 by net premiums written […]

Insurance

Insurance Bill in Parliament seeks to regulate microinsurers

BY LINDA ENSOR THE Insurance Bill, tabled in Parliament on Friday, will introduce a regulatory framework for microinsurers and a consolidated legal framework for the prudential supervision of insurers, the bill’s memorandum says. The bill introduces a new solvency assessment and management regime to ensure the financial soundness of insurers, […]

Insurance

Why you should insure your spouse

Taking out life or funeral insurance on your spouse is often seen as a sinister move or the ‘elephant in the room’ among couples For this and other reasons, spouses tend to neglect this responsibility, exposing their families to unnecessary financial risk. Lee Bromfield, CEO of FNB Life, said this […]

Insurance

THE IMPACT OF A WEAK RAND ON INSURANCE BROKERAGE FEES

By: Trust Matsilele The weakening rand is hurting South Africa’s insurance industry and the short-term sector is the most affected, this is according to industry players. Those in the sector say insurance companies dealing with motor vehicles are feeling the impact especially in cases where car parts need to be […]

Insurance

AIG restructures but rejects Icahn breakup

Reuters American International Group said it would spin off its mortgage insurance unit and sell its broker-dealer network as part of the sweeping changes it has been promising shareholders as it fends off activist investor Carl Icahn. The insurer also said on Tuesday it would cut $1.6 billion of costs […]