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Life insurance companies offer standard term policy from Jan 1, 2021

Life
New Delhi: The Insurance Regulatory and Development Authority of India (IRDAI) has mandated all life insurance companies to provide a standard individual term life...

Qualification prescribed for top honchos to field staff of broking firms

Brokers
Dubai: Insurance broking companies in the UAE will have to redraw their staffing policies, right from the selection of top brass to the field...

Low entry level capital recommended for microinsurers in India

Regulations
New Delhi: A committee set up by the Insurance Regulatory and Development Authority of India ( IRDAI) to suggest measures to promote microinsurance has...

4 UAE insurtech firms among 50 most-funded startups in Mena

Brokers
Dubai: Four insurance-related providers are among the 50 most-funded startups in the region in 2020, according to a Forbes report. Bayzat, a provider of digital...

UAE brokers face drastic drop in commissions after new rules on life insurance policy sales

Brokers
Dubai: Insurance brokers in the UAE will take a deep hit on their revenues with a new commission payment structure coming into effect on...

Friends Provident Int’l launches BOD-49 compliant products

Companies
Friends Provident International has launched two revised BOD-49 compliant products as the Insurance Authority's new UAE legislation comes into force today. The Insurance Authority Board...

Life company pensions more expensive than platforms

Insuretech
London: Savers are potentially paying tens of thousands of pounds more if they hold a pension with a life company, research by platform Interactive...

TravelCard suspends operations as volumes plummet

Companies
London: TravelCard has announced “the difficult decision” to put the business into hibernation and pause operations. The broker-focused business, which launched in 2018 and is underwritten...

Most broker clients don’t pay more, says Deloitte

Brokers
Dubai: A Deloitte Access Economics report on broker value has found that intermediaries provide huge value to clients, insurers and the economy – and...

Indian regulator for more disease-specific insurance products

Health
Mumbai: IRDAI Chairman Subhash Khuntia has urged health insurance providers to develop disease-specific products which could help policy holders in preventing different ailments. The chairman said...

Three things you should know about Covid-19 testing, travel insurance

Health
Dubai: Select airlines and airports now offer rapid Covid-19 testing to accommodate travelers required to show a negative test at their destination.  But what happens...

Alera Group Acquires Gordon Atlantic Insurance Agency

Companies
New York: Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, announced that it has acquired Gordon Atlantic...
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