Monthly Archive: August 2019

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InsurTech Travel Insurance firms Blink and Pluto enter partnership

Pluto excited for smart, instant flight delay support delivered in partnership with Blink London, UK (Aug. 8, 2019) – UK InsurTech Pluto, the travel insurance startup backed by the recent winner of the ‘British...

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Manulife supports measures to reduce medication costs in Canada

Toronto, ON (Aug. 9, 2019) – Earlier today, the Government of Canada announced changes to the Patented Medicine Price Review Board.[1] These changes should significantly reduce the cost of new medicines in Canada. Life...

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More severe weather events affect Quebec

Toronto, ON (Aug. 8, 2019) – Successive weather events marked the first half of 2019, pushing claims up significantly for P&C insurers, with total compensation of $292 million paid out* in Quebec, up 165%...

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Winning in the Small Commercial Lines Segment

New SMA Blog by Mark Breading, Partner, Strategy Meets Action Boston, MA (Aug. 1, 2019) – Many commercial lines insurers recognize that there are great opportunities for growth in the small commercial segment. There...

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The Reinsurers Are Coming – And It Might Not Be How You Expected

New SMA Blog by Karen Pauli, Principal, Strategy Meets Action — It is always exciting to see industry results – particularly those that rank insurers by premium size. It is probably the competitive nature...

Manulife posts net income of $1.5 billion for second quarter

Manulife has reported net income of $1.5 billion for the second quarter of 2019. This is an increase of $0.2 billion over the same quarter last year. Manulife says this increase was primarily driven...

Canadians over 55 find barriers to health care, says study

Canadians often take pride in their health-care system, but a new study finds that more than two million Canadians over the age of 55 find substantial barriers to health-care services in their province. The...

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ILS market slow to return to normal

Insurance-linked securities market declined year-on-year in Q2 2019 Arlington, VA (Aug. 7, 2019) – The insurance-linked securities (ILS) market declined year-on-year in the second quarter of 2019, with just below $1.7 billion of non-life...

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Global Commercial Insurance Pricing up 6% in Second Quarter

New York, NY (Aug. 7, 2019) – Marsh has released its Global Insurance Market Index for the second quarter of 2019. Key findings include: Average commercial insurance pricing increased nearly 6% in second quarter...