Insurance DECODED
Latest edition: 30 May 2024
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Spotlight
Indian insurance regulator mandates three-hour cashless claim approval
The Insurance Regulatory and Development Authority of India (IRDAI) has mandated that health insurance companies finalise cashless claims within three hours of receiving a discharge request from a hospital.
Latest news
Cyber risk the standout global challenge for the insurance industry
Insurance insiders believe that cyber risk is the biggest threat to the industry, surpassing major global themes such as natural catastrophes and political risk, according to a poll by GlobalData. While macroeconomic and supply chain issues are very topical at the moment and are impacting pricing, experts believe these issues will subside.
The state of cybersecurity: AI and geopolitics mean a bigger threat than ever
Cybersecurity threats to businesses are not only more numerous than ever but are now becoming more sophisticated through the use of artificial intelligence (AI) by perpetrators and more dangerous in their use for geopolitical aims.
Spain general insurance industry to surpass $60 billion by 2028
The general insurance industry in Spain is set to grow at a CAGR of 5.3% from EUR45.7bn ($48.5bn) to EUR56.6bn ($60.4bn) in 2028, in terms of GWP.
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Truett-Hurst, announced that beginning Fall 2014 and Spring 2015, Total Wine & More, "America's Wine Superstore" will be adding several new Truett-Hurst SKU's to their wine listings.
Lloyd's and Bermuda Monetary Authority sign MOU for insurance innovation
Insurance and reinsurance marketplace Lloyd's has formalised a partnership with the Bermuda Monetary Authority (BMA) through a memorandum of understanding (MOU).
Reinsurance Group of America appoints new CFO
Reinsurance Group of America (RGA) has appointed Axel André as its new executive vice president (EVP), with plans to elevate him to chief financial officer (CFO) after a transition period.
Mosaic Insurance and Safe Security team up to launch new cyber facility
Mosaic Insurance has announced a strategic partnership with Safe Security to launch Incyde Risk, a new cyber facility aimed at providing streamlined cyber insurance solutions.
Insurtech Mylo partners with Safeco to offer pet insurance
US-based digital insurance broker Mylo has partnered with Safeco, a Liberty Mutual unit, to offer pet insurance coverage.
NSM Insurance snaps up two UK travel insurance firms
Global specialty insurance provider NSM Insurance has agreed to purchase InsurEVO, which has UK-based AllClear Travel Insurance and InsureandGo under its umbrella.
In our previous edition
Insurance Decoded
ABAX expands into data-driven insurance market with RA acquisition
29 May 2024
Insurance Decoded
Zurich Singapore names new chief claims officer
28 May 2024
Insurance Decoded
Great Eastern minority shareholders resist OCBC's $1bn buyout bid
27 May 2024
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