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50,000 left without insurance cover as Qudos goes into liquidation

Danish insurer Qudos, which has around 50,000 Irish-based customers, has said it will not be paying out on any claims at present as the company has gone into liquidation. Qudos, which filed for liquidation in Denmark on 27 November, would mostly have sold motor insurance policies to customers here via agents and brokers. Although the […]

Irdai proposes changes in registration norms for insurance marketing firms

New Delhi: Regulator Irdai Monday proposed to relax norms for registration of insurance marketing firms with an aim to improve penetration of insurance products in the country. Insurance marketing firms (IMFs) are registered by the Insurance Regulatory and Development Authority of India (Irdai) to solicit or procure insurance products. Earlier this year, the regulator had constituted a committee […]

Taking a health insurance cover can protect your wealth

Adversities hit you without a warning. Especially if they are to do with a catastrophic illness. Most people have that one family member who has been diagnosed with a dreaded illness and finds it challenging to manage financially. It is surprising then to hear that almost 44% (according to a report by Vidal Healthcare Services […]

Freedom Insurance shares halved on liquidity warning

Investors have wiped out almost half embattled Freedom Insurance Group’s market capitalisation after it warned it may face a liquidity shortfall and admitted it was under investigation by the corporate watchdog for misconduct highlighted by the banking royal commission. The company said it would have to repay customers up to $4 million in the December […]

Senate resolution seeks more time to use maintenance, capital funds

A JOINT resolution has been filed in the Senate seeking to extend the availability of 2018 appropriations for maintenance and other operating expenses (MOOE) and capital outlays (CO) to another year. Senate Joint Resolution No. 17 was filed on Nov. 26 by Senator Loren B. Legarda, chair of the Senate committee on finance. It was […]

Excellence in maintenance and asset management honoured at MEETA awards

Engineers Ireland celebrated excellence in the fields of maintenance engineering and asset management at its annual MEETA (Maintenance, Engineering, Environment and Technology Association) awards, which took place at the organisation’s headquarters on Clyde Road on Thursday, November 29. The awards recognise the ingenuity shown by those in maintenance and asset management in providing value to their companies […]

The Indian Insurance Industry is undergoing a makeover: Here’s how

The Indian insurance industry is evolving. In terms of products, reforms, innovations and disruptions. This is reflected in the recent statistics. Data shows that overall insurance penetration (premiums as a percent of GDP) increased to 3.49 percent in 2017 from 2.71 percent in 2001 while the overall insurance density (premiums as a percent of total population) […]

Make most of your life insurance cover, add these Term insurance riders

When you plan to buy a life insurance policy, you must always consider buying a term insurance plan. This is no doubt one of the simplest and most cost-effective insurance products available in the market today. Term insurance plans are designed and customised in such a manner that in the event of the sudden death […]

Green Bay bridges will be temporarily closed for maintenance

GREEN BAY, Wis. – The Green Bay Public Works Department is announcing the temporary closure of 2 bridges during the week of December 3rd. The Donald Tilleman Bridge (Mason Street Bridge) will close for winter maintenance activities at 9 a.m. on Monday, December 3rd and open around noon that same day. The Ray Nitschke Memorial […]

Insurance on EMI: A proposal stuck at concept stage

Three years ago, a proposal to offer products on premium installments came into the insurance sector. The question was who will fund the scheme and how much interest should be charged. As sector entities, insurance companies did not have the legal right to engage in other businesses. Nothing moved after that. In 2018, insurers are […]