10 Dos & Don’ts Of Getting Your First Life Insurance Policy
The decision to purchase a life insurance policy is a significant step in securing financial stability for loved ones in the event of one’s passing
Life Insurance Industry
27 posts
Life Insurance Industry can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period. There are three main types of life insurance underwriting: Fully underwritten life insurance, Simplified issue life insurance, Guaranteed issue life insurance.
Insurance is a trillion-dollar industry in the United States, and the life insurance sector is one of its largest and most important components. Life insurance and annuities were responsible for nearly half of the American insurance industry’s net premiums. The Global market size of the Life Insurance & Annuities industry is expected to increase 3.2%.
In this section, we have collected the most current articles and reviews on the topic of the Life Insurance Industry.
How Life Insurers Can Leverage ChatGPT and AI in the Underwriting Process
Everyone is talking about ChatGPT and how it’s going to revolutionize almost every business sector. The life insurance industry is no exception
Top 10 Trends in the Global Life Insurance Market 2023-2024
High demand for global life insurance and increased worldwide risk awareness sparked by the pandemic have encouraged carriers to personalize solutions
Indian Insurance Market FY2022 Results: Scenario, Forcasts & Performance
Indian Insurance market stands at $131 bn as of FY2022. The Indian insurance industry grew at a CAGR of 17% over the last two decades
Most Insurance Companies are Sitting on Significant Investment Losses
The increase in interest rates over the last year has been positive for life insurers in Europe, improving both solvency and financial results
Life & Health Inclusive Insurance: Availability, Accessibility, Affordability
No Life & Health (L&H) insurance market is fully inclusive. This is supported by the findings of Swiss Re Institute L&H Insurance Inclusion Radar
UK Life Insurance Market Solvency at Record High
The UK life insurance market will continue to maintain strong capitalisation despite the government’s proposals to loosen Solvency II (S2) rules to release capital for insurers
