A Year-End Look Back On 2019
This was a very busy year, chock full of new developments in insurance. As the Intersection blog begins to wind down for the holiday season, we are taking stock of 2019 with the added...
Monthly Archive: December 2019
U.S. P&C Core Systems Evaluation: Moving Beyond the Basics
Aite Group’s new report finds that the market for core systems platforms is healthy, with carriers in need of systems that do more Boston, MA (Dec. 3, 2019) – While underwriting and actuarial expertise...
Global institutional investors sober as markets rally: survey
Staff | December 4, 2019 Despite continued strong markets, global institutional investors are apprehensive about what 2020 has in store, with more than half of survey respondents saying they think the next global financial crisis will...
Employees to put holiday bonuses towards financial well-being: survey
Staff | December 4, 2019 A majority of Canadian employees who are expecting to receive a holiday bonus this year want to put it towards their financial well-being, according to a new survey by Robert Half International....
PSP buying into Australia almond orchards, water rights
Staff | December 4, 2019 The Public Sector Pension Investment Board is buying 89,085 megalitres of permanent water rights from Olam Orchards Australia Pty Ltd. for a total of A$490 million. “Our agreement with Olam Orchards...
LIMRA: 3Q Life Insurance Sales Driven By 7% Bump In IUL
Life insurance sales are stagnant, but profits are still being made. Total U.S. individual life insurance new annualized premium increased 2% in the third quarter, compared with prior year results, according to the LIMRA...
Foresters Financial Updates Underwriting To Cover Pot Smokers
Several states have legalized medical marijuana. Foresters Financial has updated its underwriting guidelines across its non-medical life insurance product portfolio for Americans who use cannabis. “As more States permit limited cannabis usage, particularly for...
US Insurance Revenues To Grow 4.3% Annually Through 2023, Report Finds
PR Newswire US insurance revenues are forecast to advance 4.3% annually in nominal dollars through 2023, according to Insurance: United States, a report recently released by Freedonia Focus Reports. Population growth and continued expansion...
iA Financial Group takes on drug non-compliance with pilot project
It’s no secret that drug coverage plans are under pressure: between rising costs of healthcare and changing customer expectations, the need to deliver unique and innovative solutions has never been greater. And that’s a...
Vaping concerns on the rise among reinsurers
Global reinsurers are issuing fresh warnings to life insurer clients about the potential risks of vaping, increasing the pressure on underwriters to either exclude or impose higher insurance rates to certain vapers. Most insurers...