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Challenges and industry reactions Tesla’s move to self-underwriting comes amid broader turbulence in the auto insurance market for some EVs. Tesla Cybertruck owner, Robert Stevenson, recently revealed that his insurer, GEICO, had refused to renew coverage for his vehicle, citing that it did not meet underwriting guidelines. “After a careful review of your policy records, … Read more

It looks like Damaan Islamic Insurance Company “Beema” (Q.P.S.C.) (DSM:BEMA) is about to go ex-dividend in the next 3 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company’s books as a shareholder in order … Read more

MUMBAI: The Insurance Regulatory and Development Authority of India (Irdai) met industry chief executives in Hyderabad on February 13-14 to review growth trends, risk management and regulatory compliance. They held discussions on expanding access to insurance, improving asset-liability management and listing of insurance companies. The regulator talked about a phygital strategy – integrating digital and … Read more

Decks have been cleared for the rollout of the much-awaited Bima Vistaar, the first-ever composite product covering death, personal accident, property and surgical hospitalisation at an affordable premium. The Insurance Regulatory and Development Authority of India (IRDAI) and the industry captains have arrived at an agreement on the final model of the product which is … Read more

In December 2016, I was hospitalized with severe electrolyte abnormalities that were causing fatigue, muscle cramps and chest discomfort. I received care at my local hospital, which was nationally ranked both overall and in the treatment of endocrine conditions, and I recovered fully. A month later, my heart sank as I received a letter from … Read more

Qubit is now the first and only domestic carrier in the Hong Kong market to offer products with the Lloyd’s of London financial rating. Credit: Nichcha/Shutterstock. P&C reinsurer Canopius has approved Qubit, a specialist managing general agent focusing on digital asset risks, as a coverholder to distribute its digital asset custody and crime insurance products … Read more

Getty Images The hike in national insurance contributions (NICs) set for April will see some Northern Ireland GP practices going under if the government does not provide a bail-out, according to a senior doctor. The Royal College of GPs in Northern Ireland (RCGP) told Stormont’s Public Accounts Committee the move could be “catastrophic”. Employers currently … Read more

The case was brought by the Financial Markets Authority. Photo: Google Street View Financial regulator wins case over executive’s responsibilities Senior executive of the failed CBL insurance group found liable for non-disclosure CBL was valued at $750 million when it collapsed in 2017 A High Court judgement has put a spotlight on the responsibilities of … Read more

Napo secures £12M Series B funding to transform pet insurance Napo, one of the UK’s fastest-growing pet insurers, has successfully closed a £12M Series B funding round, bringing its total raised to date to approximately £30M. The round was led by Mercia Ventures, with participation from existing investors DN Capital, Companion Fund, MTech Capital, and … Read more

Spectrum.Life, a global partner in digital whole-of-health solutions, announces the appointment of Ian Ranger as Head of Insurance for the UK and Ireland.  With over 17 years of experience in the Protection market, including roles at Canada Life and MetLife, Ranger brings strong expertise in forging meaningful partnerships and driving innovation in the insurance sector. … Read more