New healthcare marketplace launched
A new independent healthcare marketplace has launched nationwide in the US this week which aims to give unbiased access to health insurance plans available at healthcare.gov, state exchanges and private marketplaces. HealthNetwork.com says that it acts as a consumer watchdog by monitoring agent and broker partners and insisting on best practice. The new site joins together over 100 health insurance sites which focus on millennial (18-34 year old) consumers.
Canadian receivables insurance grows in H1
The volume and value of receivables insurance premiums in Canada increased in the first half of 2015. The news comes from the Receivables Insurance Association of Canada which is sponsoring a trade and economics symposium in Toronto today (Oct. 8). Direct premium growth was 8 per cent to $111,396,000 with volume increasing to 6,802 from 6,598 in the first two quarters of 2014. Mark Attley, the association’s president commented: “We’re seeing more Canadian companies turning to insurance that protects their receivables from buyers in Canada or abroad that are unable to fulfill their invoice payment obligations, or from political disruptions that lead to a loss on current receivables.”
Financial body launches insurance committee
The International Trade and Forfaiting Association has launched a new insurance committee to advise its banking and financial services members. At its AGM in Dubai the association said that working with the insurance sector would help mitigate risk in transaction banking assets. The new committee will act on the findings of the association’s credit risk insurance survey. Committee members include representatives from
AIG,
Swiss Re. and Willis.
US title insurance sector remains stable says AM Best
AM Best is maintaining a stable outlook on the US title insurance industry, which reflects the industry’s continued positive financial condition, as reflected in the balance sheet strength of the major title insurers. The company’s special report shows an increase in written premiums of 14.6 per cent for 2015 for the first half of 2015 compared to the same period in 2014. The uptick of the housing market and fewer weather-related incidents compared to 2014 have boosted the stability of the sector.
