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UK to crack down on home and car insurers

UK's Financial Conduct Authority (FCA) will crack down on home and car insurers over failure to improve their treatment of struggling customers, it said...

Japan to open to tourists after two years but only with masks, insurance, guides

Foreign tourists visiting Japan will be required to wear masks, take out private medical insurance and be chaperoned throughout their stay, the government said...

President Arif Alvi asks State Life to pay insurance money to widows of firemen

President Dr Arif Alvi on Monday asked the State Life Insurance Corporation of Pakistan (SLICP) to pay the Group Insurance claims to the widows...

Insurers watch cryptocurrency craze from the sidelines

Insurers have yet to catch up with the growing acceptance of cryptocurrencies as an investment and in commerce

Govt to distribute health insurance cards amongst Azad Kashmir people

The government will start printing health cards for 1.2m Azad Kashmir people across 10 districts who will be insured agasint all major medical procedures

Sindh govt plans insurance of crops from commercial banks, companies

However, the Sindh government has stepped back from its previous insurance plan by utilising its own funds and decided to get insurance of the crops from commercial banks and insurance companies.

Man arrested in Karachi for claiming fake insurance of vehicle  

The accused got a fake case registered with the police, claiming that his vehicle has been stolen.

Insurance may never be the same again

Insurers are creating products for a world where virus outbreaks could become the new normal after many businesses were left out in the cold

Man plans own killing for insurance money

A man who had fallen on hard times and was living on bare minimum of finances cooked up a unique recipe to acquire money from his insurance company.

Insurers face $472 million bill

The anticipated payout compares with 110 million pounds for flooding in November, and 1.3 billion pounds for storms in December 2015.

Insurance scam: Pakistani man jailed in UK for faking death, posing as wife

A Pakistani man was jailed in the UK for faking his death at a Karachi hospital and impersonating as his wife in an around one million euros insurance fraud, approximately 171 million Pakistani rupees.

Insurance employees to get two-step salary rise

Salaries will increase in two steps, Verdi said, with the first raise - 2.8% - taking place on April 1, 2020 and the second - 2.0% from June 1, 2021

Britons living in EU worried about free healthcare after Brexit

Some Britons living in the Europe Union are worried about losing access to free healthcare after Brexit,

Goldman skeptical of ‘insurance’ U.S. rate cuts from Fed

Goldman Sachs economists said on Sunday they are skeptical of “insurance” U.S. interest rate decreases from the Federal Reserve to forestall possible slowing in U.S. economic growth due to global trade tensions.

SECP permitted new life insurance product

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has permitted a new life insurance product, which is operational with insurance related advance technological features...

Health insurance program being launched soon: minister

ISLAMABAD: Minister for National Health Services, Regulation and Coordination Amir Mehmood Kiani on Wednesday said the government was going to start health insurance program...

Vietnamese woman cuts off limbs for insurance payout

HANOI: A Vietnamese woman paid a friend to cut off her hand and foot in a bid to claim a handsome insurance payout, state-run media reported Thursday.

French insurer Axa pulls out of tobacco industry

PARIS: France's biggest insurance group AXA said Monday it was pulling out of the tobacco industry, divesting about 1.8 billion euros ($2.0 billion) of assets in the sector as part of the fight against smoking.

World Bank launches $500 million insurance fund to fight pandemics

NEW YORK: The World Bank on Saturday said it was launching a $500 million, fast-disbursing insurance fund to combat deadly pandemics in poor countries, creating the world's first insurance market for pandemic risk.

Cyber insurance to triple to $7.5 bln by 2020: report

LONDON: The cyber insurance market will triple in size to $7.5 billion in annual premiums by 2020 and the insurance industry could face competition from disruptors such as Google if it does not act fast to develop products, a report said.
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