The Indian health insurance industry is set to grow at a compound annual growth rate (CAGR) of 12.8% from ₹1.3 trillion (US$15.1 billion) in 2024 to ₹2.0 trillion ($23.8 billion) in 2028, in terms of gross written premiums (GWP), forecasts data and analytics company GlobalData. GlobalData’s Insurance Database reveals that the share of health insurance
One Inc, the leading digital payments network for the insurance industry, has announced that Selective Insurance, a leading business, home, and auto insurer, has selected One Inc’s ClaimsPay® digital payment solution. The ClaimsPay digital payment system revolutionizes how individuals receive claim funds by leveraging popular payment platforms such as Venmo and PayPal for quick and
For drivers across the UK, renewing their car insurance is usually a forgettable piece of annual admin. Today, it has become a confounding, painful exercise after premiums soared to an all-time high. Many drivers have seen their premiums double, and in some cases the squeeze is more extreme — young drivers facing premiums in the
Business Insurance on Thursday announced the winners of the 2024 U.S. Insurance Awards during a live awards presentation in New York. Highlighting the event was the presentation of the Lifetime Achievement Award to Dave North, executive chairman of Sedgwick Claims Management Services Inc. In addition, teams of professionals from across the industry were honored for
The Supreme Court of South Korea ruled on Thursday in favor of a same-sex couple concerning the recognition of their union. The plaintiff’s same-sex partner, who had become an employed subscriber in 2016, submitted a notification of the plaintiff’s eligibility for dependent status in the National Health Insurance system. Attached was a personal guarantor’s certificate
Share on PinterestShannen Doherty believed a lapse in her health insurance caused her breast cancer diagnosis to be delayed. Neilson Barnard/Getty Images for Hallmark Channel Actor Shannen Doherty recently passed away at age 53 after many years of treatment for breast cancer, which had spread to her bones and brain. The “Charmed” and “Beverly Hills,
BOYNTON BEACH, Fla. — A Boynton Beach homeowner said the new shutters he got through the My Safe Florida Home (MSFH) program didn’t save him any money on his home insurance premium. WPTV reporter Matt Sczesny has been covering the program for more than a year and how it could help reduce insurance costs for
Auto insurance prices have risen 19.5% from a year ago, according to data from the US Bureau of Labor Statistics, and they may not be done rising yet. S&P Global Market Intelligence insurance sector strategist Tim Zawacki joins Wealth! to discuss the state of the insurance sector, climate change’s impact on it, and how it
“Thank you so much, for everything. What you just said lifted my spirit. I can do this. I can keep going.” These are more than just words from a customer, Akouwa, who lost her husband to cancer and called TruStageTM to file a claim on his life insurance policy. This powerful sentiment is a reminder
Despite efforts to stabilize Florida’s tempestuous property insurance market, homeowners in the state are still railing against “out of control” premiums, and hard-hit residents have told Newsweek of their dire situations. Florida homeowners are currently struggling with skyrocketing premiums after several private insurers either cut coverage in some of the state’s most vulnerable areas or