The average medical insurance claim for UK travellers abroad increased by 40% between 2011 and 2016 to £1,300, according to research by the Association for British insurers (ABI). It shows that travel insurers pay out £200m a year helping 150,000 Britons in need of emergency medical treatment, with six-figure bills now not uncommon. The US [Continue]
Low global interest rates will continue to pressure insurers’ profitability and potentially their solvency, especially in Germany and Norway, according to new research. In a recent report for its clients, Moody’s said such risks are likely to persist despite a rise in rates since the third quarter of 2016 and a less likely global “low [Continue]
Young man in blue protective hospital clothes having medical examination MRI scan.The light is on model's body.The photo is taken with a full frame DSLR camera in horizontal composition.The man is in his thirties and has brown hair located on the right of frame.
Brain injuries in sport are a growing problem and something the insurance industry needs to remain extra vigilant on, believes Sutton Special Risk president and CEO Greg Sutton. This was given even greater emphasis last week with the release of the report on chronic traumatic encephalopathy, more commonly known as CTE, by the Journal of [Continue]
Discrimination against disabled people is, in theory, banned in law, even if it’s depressingly common in practice. Unless, that is, you happen to be selling, say, travel insurance. Then the law says, go right ahead. Feel free to put the boot in. If that means people can’t travel well that’s just their bad luck. What’s [Continue]
Symbility Logo (CNW Group/Symbility Solutions Inc.)
TORONTO, Aug. 2, 2017 /CNW/ – Symbility Solutions Inc. (“Symbility”) (TSX.V: SY) a global software company focused on modernizing the insurance industry, has entered into a new partnership with DeepLearni.ng, a Toronto-based company providing artificial intelligence solutions for enterprise. The partnership will provide the knowledge and tools required to successfully introduce artificial intelligence into Symbility’s technology stack. By closely [Continue]