In a move that underscores its commitment to customer wellbeing, HSBC Life (UK) Limited has announced a significant enhancement to its Value-Added Benefits (VABs) portfolio. This broadened offering now includes a range of health services designed not only for policyholders but also for their
Starting in November, Allstate policyholders in California will experience a significant rise in their home insurance premiums, sparking concern among homeowners. The insurance giant is increasing its rates by an average of 34.1%, the steepest hike by a major insurer in the state in recent years.
Kyrgyzstan is set to enforce new legislation that mandates compulsory insurance for both cars and homes starting September 2024, marking a significant shift in the country’s approach to managing liability and property risks. This new law requires vehicle owners to present a valid compulsory civil l
Howden, a leading UK insurance intermediary, recently announced a strategic alliance with FullCircl, a B2B software-as-a-service (SaaS) company. This multi-year partnership aims to integrate FullCircl’s SmartBroker solution into the Acturis platform extensively used by Howden. This integration is e
In light of recent attacks on oil tankers by Yemen’s Houthi militants, the cost of insurance for ships navigating through the Red Sea has seen a dramatic increase, raising concerns about the sustainability of using this crucial trade route. These events have caused a near-doubling of insurance r
The U.S. InsurTech sector has long been viewed as a fertile ground for innovation and significant growth. However, the second quarter of 2024 saw a dramatic drop in both funding and deal activities, raising questions about the underlying reasons for this downturn despite the sector’s potential. T
The Hartford Steam Boiler Inspection & Insurance Co. (HSB) has undergone a transformative journey, evolving from its original focus on steam boiler inspections to becoming a leader in technology-driven risk management and insurance solutions. This remarkable transition is a central topic in the
Investing in the stock market is a roller coaster ride. Market dips can be alarming, especially when accompanied by sensational headlines and dire economic predictions. But how you react to these fluctuations can significantly impact your financial health. Whether you're a young investor with
In the ever-evolving landscape of global asset servicing, staying abreast of the latest industry trends, regulatory changes, and technological advancements is vital for professionals. The asset servicing sector, encompassing a range of services from custody and settlement to fund administration and
The recent legal battle between Cypress Creek Equine and North American Specialty Insurance (NAS) over the denied insurance claim following the death of WinStar stallion Laoban has culminated in a significant court ruling. Laoban, a promising stallion, died unexpectedly in May 2021 after receiving
