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News
How to determine how much life insurance coverage you need
3+ day, 11+ hour ago (62+ words) Life insurance can help protect loved ones from financial hardship after a death. Considering ongoing bills, caregiving costs, debt, and future expenses are key when determining how much coverage to buy. Life insurance can help protect loved ones from financial…...
South Korea slashes Tongyang Life data penalty after regulatory rethink
2+ day, 8+ 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…...
Life insurers struggle to convert strong consumer demand into sales
2+ day, 13+ hour ago (662+ words) 50% of consumers worldwide are considering buying life insurance, yet more than 40% leave the process confused or unconvinced, according to the World Life Insurance Report 2027 from the Capgemini Research Institute and LIMRA. The findings point to problems in how insurers explain…...
Life insurance purchase journey sees 1 in 4 drop off
2+ day, 16+ hour ago (227+ words) Consumers increasingly expect advisors to understand their circumstances and experiences. Half of respondents say they prefer working with advisors who share similar demographic characteristics, believing they are better equipped to relate to their needs and life situations. However, fewer than…...
Truepic, ISB Global team up on insurance claims evidence
2+ day, 16+ hour ago (178+ words) The integration allows Canadian insurers to order authenticated visual evidence directly through the ISB Portal to support claims decisions. Under the arrangement, adjusters can order an inspection from Truepic – an image and video authentication company – from the ISB Portal whenever…...
Responsible AI: The Future of India???s Life Insurance
2+ day, 23+ hour ago (408+ words) Responsible AI can help close India’s insurance gap. Transparency and fairness must guide AI adoption. Human oversight remains crucial for complex claims. The insurance industry stands at an inflection point, and the larger question is no longer whether AI will…...
Insurance moves: Corgi, Pan-American, Third Wave, Relm and others
3+ day, 5+ 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…...
The Financial Services Commission has decided to impose a fine of 7 billion won on Dongyang Life Ins.. - MK
3+ day, 16+ hour ago (180+ words) The Financial Services Commission has decided to impose a fine of 7 billion won on Dongyang Life Insurance, which provided customers' personal credit information to its subsidiary corporate insurance agency (GA) without consent. Initially, the amount of fines calculated by the…...
NEOS and Marloo partner on AI-driven insurance pricing
3+ day, 15+ hour ago (232+ words) FinTech Global NEOS, an Australian life insurance platform, and Marloo, an AI-driven adviser productivity platform, have entered a partnership that brings NEOS’s insurance pricing directly into Marloo’s software for financial advisers. Under the agreement, advisers using Marloo will be able…...
Digital Insurance
4+ day, 2+ hour ago (42+ words) tbsnews.net From days to minutes: Shanta Life rewrites insurance experience thru digitalisation According to company data, total revenue in the second quarter of 2026 increased by 1,012% year-on-year. Monthly revenue also grew by approximately 167% from June to July....