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News
Buying insurance online? 5 digital frauds that can put your money at risk
1+ day, 22+ hour ago (391+ words) Fraudsters are posing as insurers and regulators, offering fake benefits and using phishing links to dupe people... Buying and managing a life insurance policy is easy Customers can purchase policies, pay premiums, update details and initiate service requests through their…...
Consumer financial disputes fall for S’pore banks, rise for life insurers and financial advisers
2+ day, 24+ min ago (1421+ words) Financial Industry Disputes Resolution Centre chief executive Eunice Chua noted that among the 432 claims handled in the latest financial year, 147 involved life insurers. Published Sep 11, 2026, 09:30 AM SINGAPORE – Market conduct claims against banks and finance companies have trended lower over the…...
ASIC confirms investigation into collapsed Sphere Insurance Group
2+ day, 20+ hour ago (374+ words) "ASIC can confirm that it has commenced an investigation and has engaged with the liquidator in connection with that investigation," an ASIC spokesperson told Insurance Business. Read next: ASIC issues warning to AFS licensees ASIC declined to say whether it…...
Provident Insurance???s Ellen Amihere named Claims Professional of the Year
6+ day, 1+ hour ago (299+ words) Provident Insurance Limited Company has once again demonstrated its commitment to professional excellence in Ghana’s insurance industry, with Ellen Amihere being named Claims Professional of the Year 2025. This was at the 6th Chartered Insurance Institute of Ghana (CIIG) Insurance Excellence Awards....
Unnamed life insurer sanctioned over 10,105 breaches
1+ week, 3+ day ago (438+ words) Home > Life Insurance > Unnamed life insurer sanctioned over 10,105 breaches Managing Editor and Publisher A major life insurer has not been named despite the Life Code Compliance Committee (LCCC) sanctioning it for failing to meet its commitments leading to “inaccurate, incomplete and…...
Life CCC sanctions insurer over inaccurate and delayed annual notices
1+ week, 4+ day ago (534+ words) The Life Insurance Code Compliance Committee (Life CCC) has sanctioned a life insurer after more than 10,000 breaches meant customers received annual notices that were inaccurate, incomplete or issued late. Between August 2024 and January 2026, the insurer failed to include relevant policy benefits,…...
[New Book Spotlight] A Financial Complaints Guide by a 27-Year Securities Professional: “The Essentials of Financial Complaints” - MK
1+ week, 4+ day ago (259+ words) The Essentials of Financial Complaints, a practical guide for financial consumers to consult during disputes with financial companies, has been published. The book’s author, Lim Yu-shin, worked at a securities firm for approximately 27 years, handling legal affairs, compliance, and financial…...
Scam losses are up – but the real story is in the policy wording
2+ week, 3+ day ago (759+ words) Insurance Business Scam losses are up – but the real story is in the policy wording A landmark court ruling has made institutional scam liability concrete, and broker advice obligations follow Australians reported $554.1 million in combined scam losses across 122,550 reports to…...
It may be claim number 49. It’s their worst day. – Moonstone Information Refinery
2+ week, 5+ day ago (1399+ words) By the time a claim reaches a claims professional, it may be the 49th case they have dealt with that day. To the person making the claim, it may be one of the worst days of their life. The process may…...
Guardian approaches 80% settlement rate on Melissa claims
3+ week, 1+ day ago (275+ words) Jamaica Gleaner Regional insurance provider Guardian Holdings Ltd has settled more than 70 per cent of insurance claims arising from Hurricane Melissa, Group CEO Ian Chinapoo said last Friday. “So, as of June, we were in the region of 70 per cent....