Latest Updates Around The World
The value of new business (VNB) margins may come under pressure in the short term due to the loss of tax credit, due to the GST exemption, before improving in the medium term. According to rating agency ICRA, the individual new business premium (NBP) for the life insurance sector is likely to grow at around […]
Key Takeaways Managing General Agents (MGAs) play a critical role in the insurance industry, providing specialized underwriting and access to niche markets. Technology developments, including AI and machine learning, are improving MGA operations and efficiency. MGAs face challenges such as regulatory compliance and the need for improved claims processes. Strategic partnerships and technology adoption are […]
A Colorado man was sentenced to 15 months in prison for laundering more than $200,000 in COVID-19 relief funds during the peak of the pandemic, federal officials announced last week. William Chadwick, a 63-year-old man from Akron, laundered $228,284.09 in funds stolen from COVID-19 relief programs between May 2020 and August 2022, according to the […]
The comments come days after President Donald Trump shared an image on social media that hinted at a proposal for 50-year mortgages — an idea that quickly drew criticism for its limited impact on affordability given significantly higher interest costs over the life of loans. ‘Not a realistic option’ Assumable mortgages – which allow qualified […]
Hundreds of thousands of Canadians fly to and from the US every month. Those who purchased cancellation insurance before the government shutdown was announced as a travel advisory should be eligible for compensation, said Marty Firestone, president of Toronto-based insurance company Travel Secure Inc. That means travelers who recently purchased a policy or postponed it […]
The impact of GST exemption on insurance policies on Axis Max Life Insurance’s Embedded Value is approximately ₹268 crore, says MD & CEO Sumit Madan. In an interaction with business lineMadan said the insurer has decided to recoup the impact of GST through initiatives such as distributor negotiations, cost optimization and product mix improvements. Axis […]
Fulcrum Digital has appointed Gulveen Kaur as Senior Vice President of Insurance, its business AI and digital transformation company announced today. Kaur will oversee the firm’s global insurance practice, focusing on strategic and technology solutions. Kaur joins from Capgemini, where she led delivery, customer engagement and operations for insurance and banking clients in Southeast Asia […]
A mortgage is more than an interest rate and a closing date. It’s family planning for what happens after the keys are in hand. That’s why insurance is not optional and is part of a loan officer’s core toolkit, along with pricing, product suitability and closing costs. It’s necessary for the loan, and it also […]
In everyday life, legal conflicts can arise unexpectedly, whether it concerns a dispute with an employer, a dispute with neighbors or a problem with a purchase. The importance of legal expenses insurance becomes clear here: it offers financial and legal support when you need it. Understanding the importance of legal expenses insurance The other day […]
The platform allows investors to qualify based on real estate cash flow rather than personal income, giving them access to flexible capital for real estate investments and reducing both time and costs. Figure said the system also allows lenders to reduce the time it takes to process DSCR loans. Traditional DSCR loans usually take 21 […]
