The global reinsurance segment is set to experience a positive outlook, as per AM Best, mainly due to a higher…
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Latest in Insurance Payout
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Fitch Ratings has stated that the underwriting profitability of Sri Lanka – based HNB Assurance (HNBA) and its non –…
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Singlife has introduced a new life insurance product, the Singlife Whole Life Choice. It’s designed to offer lifelong and customizable…
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Red Cross’ First Multi – Disaster Insurance Payout in 2024: In 2024, the world witnessed an onslaught of floods and…
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When dealing with insurance policies, understanding key terms and abbreviations is essential to make informed decisions. One such abbreviation is…
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MSIG Partners with Thriwe to Enhance Travel Insurance Perks for Singapore Customers
by Celiaby CeliaMSIG Insurance has announced a new collaboration with Thriwe Consulting, aimed at enhancing the travel insurance experience for its policyholders.…
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Acquisition strengthens its footprint in Asia Bridge Specialty International has successfully completed its acquisition of Acorn International Network, a prominent…
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In an effort to strengthen cooperation on health insurance policy and tackle challenges posed by an aging population, officials from…
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Weak IT Security Infrastructure Heightens Cyber Risks The global specialty insurance market is on track to expand by $57.25 billion…
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In a major move aimed at widening pension access, India has launched the National Pension System (NPS) Vatsalya, a program…
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Insurance payout refers to the amount of money an insurance company pays to an insured individual or entity in the event of a covered loss or claim. When a policyholder experiences a covered loss, such as damage to property, illness, injury, or death, they may file a claim with their insurance provider. The insurance company then assesses the claim, reviews the policy terms and conditions, and determines the amount of compensation that the insured is entitled to receive.