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Insurance Business

National insurance news for USA insurance professionals. Read American insurance news, analysis, and interviews with leaders in the US insurance industry.

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News

Insurance Business
insurancebusinessmag.com > asia > news > life-insurance > south-korea-slashes-tongyang-life-data-penalty-after-regulatory-rethink-589363.aspx

South Korea slashes Tongyang Life data penalty after regulatory rethink

3+ day, 10+ hour ago   (663+ words) South Korea’s top financial regulator has reduced a proposed 140 billion won penalty against Tongyang Life Insurance to 7 billion won, following a legal reinterpretation of how the insurer shared customer data with its own sales arm. The decision sits within a…...

Insurance Business
insurancebusinessmag.com > us > news > breaking-news > insurance-moves-corgi-panamerican-third-wave-relm-and-others-589265.aspx

Insurance moves: Corgi, Pan-American, Third Wave, Relm and others

4+ day, 6+ hour ago   (958+ words) Corgi has named Erin Gambrel (pictured, center) vice president of financial services, tasked with driving retail investor growth and brand reach for the company's ETF lineup. Gambrel joins from Investing Authority, where she oversaw retail trading campaigns reaching more than…...

Insurance Business
insurancebusinessmag.com > asia > news > claims > bangladesh-regulator-distributes-cheques-as-claims-culture-collapses-589031.aspx

Bangladesh regulator distributes cheques as claims culture collapses

5+ day, 12+ hour ago   (454+ words) Bangladesh’s insurance regulator distributed claim cheques worth Tk 14.51 crore to 2,549 policyholders on September 3 – an event that looks routine on its face but points to a market where the claims process has deteriorated badly enough to require the regulator to step…...

Insurance Business
insurancebusinessmag.com > au > news > breaking-news > federal-court-finds-choosi-misled-insurance-comparison-customers-588951.aspx

Federal Court finds Choosi misled insurance comparison customers

5+ day, 22+ hour ago   (322+ words) The Federal Court has found that comparison service Choosi Pty Ltd misled consumers by representing that it compared funeral and life insurance products from a range of insurers when, for most of the relevant period, it compared policies from one....

Google News
insurancebusinessmag.com > uk > news > property-insurance > home-insurance-remains-an-afterthought-for-many-brokers-588880.aspx

Home insurance remains an afterthought for many brokers

6+ day, 21+ hour ago   (655+ words) General insurance is still being treated as an afterthought rather than a core part of financial advice, despite growing focus on customer outcomes and ongoing concerns about underinsurance, according to Mark Chappell (pictured), head of intermediary at Ceta Insurance. The…...

Google News
insurancebusinessmag.com > nz > news > life-insurance > partners-group-holdings-to-acquire-fidelity-life-in-adviser-channel-shakeup-588506.aspx

Partners Group Holdings to acquire Fidelity Life in adviser channel shake-up

1+ week, 3+ day ago   (776+ words) Insurance Business Partners Group Holdings to acquire Fidelity Life in adviser channel shake-up Life insurer ownership concentration accelerates while regulators sharpen scrutiny of adviser remuneration and product suitability Partners Group Holdings Limited (PNZ) has entered into an agreement to acquire…...

Insurance Business
insurancebusinessmag.com > asia > news > breaking-news > samsungs-insurers-plot-record-5-8bn-ukus-buying-spree-588421.aspx

Samsung's insurers plot record $5.8bn UK-US buying spree

1+ week, 3+ day ago   (377+ words) Samsung Fire & Marine Insurance and Samsung Life Insurance are in advanced talks on a pair of deals worth up to 8 trillion won – roughly $5.8 billion – that would give one of them outright control of a top-five Lloyd's specialty carrier and make the…...

Insurance Business
insurancebusinessmag.com > asia > news > life-insurance > sales-collapse-at-japan-life-insurer-puts-conduct-risk-back-on-brokers-desks-588375.aspx

Sales collapse at Japan life insurer puts conduct risk back on brokers’ desks

1+ week, 4+ day ago   (613+ words) Insurance Business Sales collapse at Japan life insurer puts conduct risk back on brokers’ desks When internal controls break down across multiple life insurers simultaneously, brokers placing long-term business face unpriced counterparty risk A 90.7% year-on-year collapse in new policy sales…...

Insurance Business
insurancebusinessmag.com > au > news > life-insurance > outsourced-function-owned-liability-what-10000-life-insurance-breaches-mean-for-your-clients-588306.aspx

Outsourced function, owned liability: what 10,000 life insurance breaches mean for your clients

1+ week, 4+ day ago   (630+ words) Insurance Business Outsourced function, owned liability: what 10,000 life insurance breaches mean for your clients Delegation of customer communications does not shift regulatory accountability when outsourced processes fail A life insurer has been formally sanctioned after reporting 10,105 breaches of the Life…...

Insurance Business
insurancebusinessmag.com > ca > news > life-insurance > canadians-are-insured-but-not-enough-research-shows-588269.aspx

Canadians are insured, but not enough, research shows

1+ week, 5+ day ago   (447+ words) Two in three Canadians, or 68%, now report having at least one type of life insurance, up from 58% in 2025, according to the second Life Insurance Gap Report from PolicyMe, conducted with Angus Reid. Despite that jump, nearly one in four Canadians…...