Prime Minister to launch LIC’s Bima Sakhi Yojana, a program designed to empower women aged 18-70 with financial literacy training and opportunities as LIC agents. The initiative aims to train one lakh women across India, providing stipends and potential career advancement.
A new report from S&P Global Market Intelligence reveals how the escalating frequency and severity of natural catastrophes, driven by climate change, are forcing insurers to dramatically rethink their risk management strategies. Secondary perils like floods and wildfires are causing unprecedented losses, leading to higher reinsurance costs and a need for more robust infrastructure and proactive risk management.
The Society for Incentive Travel Excellence (SITE) and Financial & Insurance Conference Professionals (FICP) have announced a strategic partnership that offers FICP members complimentary SITE memberships. This collaboration provides finance and insurance professionals with unparalleled access to global incentive travel expertise, resources, and networking opportunities, empowering them to create impactful and transformative travel programs.
ClimateTech Connect, the leading global conference dedicated to climate resilience through technology, has announced Dawn Miller, Lloyd’s Chief Commercial Officer and CEO of Lloyd’s Americas, as the opening day keynote speaker. Miller will address the critical importance of prioritizing sustainability, innovation, and climate resilience in the face of global challenges. The conference, scheduled for April 15, 2025, at the Ronald Reagan Building and International Trade Center in Washington DC, will bring together global leaders, innovators, policymakers, and industry experts to explore the intersection of climate resilience strategies and technology.
Hurricane Rafael, now a Category 3 storm, has made landfall in Cuba and is projected to enter the Gulf of Mexico, raising concerns about potential impacts on various sectors. This article analyzes the potential stock market implications, focusing on home improvement, insurance, and power companies.
ICC Holdings, Inc., the parent company of Illinois Casualty Company, announced impressive financial results for the third quarter and nine months ended September 30, 2024. The company experienced significant growth in net earnings, driven by positive developments in its core insurance business and a favorable investment environment. Notable highlights include a substantial increase in direct premiums written, improved loss and settlement expense ratios, and a rebound in net investment income. These positive trends point to a strong performance for ICC Holdings.
Humana Inc. (HUM) exceeded analysts’ expectations for its third-quarter earnings, driven by strong growth in Medicare Advantage membership and higher per-member premiums. The company also raised its 2024 guidance for individual Medicare Advantage membership growth and earnings, but acknowledged challenges to its Medicare Advantage margin target due to the impact of the 2025 MA Star ratings.
Brown & Brown, a leading insurance broker, is set to report its Q3 2024 earnings on October 28th. Analysts anticipate strong results, and the market is eager to see if the company surpasses expectations and provides positive guidance for the future. This article dives into key performance metrics, analyst sentiment, and peer comparisons to provide insights for investors ahead of the earnings release.
Commercial property insurer FM has announced its third resilience credit, bringing the total allocation to over US$1 billion since 2022. This program empowers FM clients with financial resources to enhance their resilience against natural disasters, particularly in the face of increasingly frequent extreme weather events. The resilience credit encourages clients to invest in mitigation measures like solar panels and wind farms, contributing to both climate protection and business continuity.
CompScience, an insurance provider backed by Nationwide, is utilizing AI to transform workplace safety, as evidenced by a successful case study with Keystone Natural Holdings. This partnership resulted in a significant reduction in workplace hazards, demonstrating the power of AI-driven safety analytics in promoting a safer work environment and reducing insurance costs.
