Which domestic insurance companies have been identified as systemically important for financial stability of the economy in FY2023-24?

Domestically, systemically important insurance companies are those considered too important to fail. As a result there is an expectation that the government will support these insurers in the event of any financial crisis. Who are these 'too important to fail' insurance companies in India? The list for financial year 2023-24 includes three companies – LIC, […]

2 mins read

State Insurance Regulators are Launching Assault on 401(k)s and Life Insurance

The National Association of Insurance Commissioners (NAIC)—a multistate standard-setting organization composed of insurance regulators from all 50 states, the District of Columbia, and U.S. territories—is increasing arbitrary regulations on life insurance companies that invest in residual premiums and interests. . Asset-backed securities (ABS) (for example, investment vehicles such as collateralized debt obligations, and securitizations of […]

6 mins read

Progressive Insurance begins dropping home insurance policies in Florida

BRADENTON, Florida – When Bradenton resident Ira Kasdan got a letter last month that he was being dropped by Progressive Insurance, it was a sad feeling. dropped by progressive “Dear policyholder, your policy will expire on 1st July at 12:01amscheduled tribe , 2024, for the following reasons. After careful consideration we are unable to offer […]

6 mins read

Africa Insurance Market on the Rise: Projected Growth at 6.5% CAGR from 2023-2032

dublin, 26 March 2024 /PRNewswire/ — The “Africa Insurance Market Report by Type (Life Insurance, Non-Life Insurance), and Country 2024-2032” added to report researchandmarkets.com gift. African insurance market size reaches US$87.4 billion More are expected to reach in 2023 US$153.9 billion By 2032, exhibiting a growth rate (CAGR) of 6.5% during 2023-2032. The increasing number […]

8 mins read