Latest Updates Around The World
The Federal Trade Commission said Wednesday it has finalized an order banning General Motors and its OnStar telematics service from sharing certain consumer data with consumer reporting agencies. The final order, which comes a year after the agency reached a proposed settlement with GM, also requires the automaker to be more transparent with its consumers […]
“The global crypto market has surpassed $3 trillion, and an estimated 45% of Gen Z and Millennial investors – many of whom are future homebuyers – own crypto,” said Leslie Gillin, Chief Commercial Officer of Newrez, in a statement. “An increasing number of consumers are incorporating crypto into their investment portfolios, while major financial institutions […]
The regulator has asked a total of 23 insurers – eight life insurers and 15 non-life insurers – to explain how spending norms were breached. | Photo credit: Getty Images Many insurers are now under scrutiny by the Insurance Regulatory and Development Authority of India (IRDAI) for exceeding prescribed limits on expenses, which mainly include […]
According to the Consumer Federation of America, the average home insurance premium in the U.S. increased 24% from 2021 to 2024, outpacing inflation by 11% over the same period. Looking ahead, 82% of homeowners expect their premiums to increase by 2026. Most expect modest increases: 43% expect increases of 1% to 5%. Another 29% expect […]
The insurance sector has been waiting for years for a catalyst that can significantly advance the interests of all stakeholders. Following a series of reforms in recent years that have led to regulatory consolidation to improve corporate governance, the year 2025 has witnessed groundbreaking developments, and 2026 is expected to take things a step further. […]
The growth was driven by well-known industry veterans. TLS’ strategy is rooted in the previous experience of its leadership team – including CEO Phil Shoemaker, President Jason Lee and Chief Revenue Officer William Pendleton – at companies such as Caliber home loanswhich was sold to the parent company of Nurez for $1.675 billion in 2021. […]
This comes in the wake of RBI Governor Sanjay Malhotra’s observations in his October 2025 ‘Statement on Developmental and Regulatory Policies’ that while the existing system is easy to understand and administer, it does not differentiate between banks based on their soundness. | Photo credit: iStockphoto The Central Board of Governors of the Reserve Bank […]
The Union Cabinet on Friday approved the Insurance Amendment Bill 2025, paving the way for a major round of reforms. The insurance reforms, including provision of 100 percent foreign direct investment (FDI) and composite licensing framework, will go a long way in scaling Indian insurance to the global level, with positive implications for all stakeholders, […]
Ageas Federal Life Insurance brand ambassador Sachin Tendulkar and Managing Director and CEO Jude Gomes Ageas Federal Life Insurance unveiled its new brand identity on Tuesday, introducing a refreshed logo and the brand promise ‘Har Wada Mumkin – Promises Made Possible’. Managing Director and CEO Jude Gomes launched the new identity together with brand ambassador […]
India’s shift towards a unified Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PMJAY) provides a unique real-world laboratory to understand the power of digital integration. Digitally unified insurance systems can increase transparency, reduce fragmentation and improve access under India’s evolving subsidized health insurance scheme, according to a new study from the Goa Institute of Management […]
