Results are out for the financial period ending December 31 2009, and insurers Allianz and Aetna have had different fortunes. After reporting their results for 2009 Allianz, based in Munich, Germany, posted a 4th Quarter net income of 1.09 billion euros (US$1.47 billion), a well received change over…
American International Group may be on the road to recovery 17 months after the company received a US$ 182.3 Billion bailout from the American government at the peak of the global financial crisis of 2008/2009. AIG, whose failure threatened to collapse the USA's economy, has improved its means to repay the bailout which it received through increased sales in the company's property-casualty business.…
In an effort to make things easier for intermediaries selling and Bupa's individual protection products, Bupa has updated their online trading system.The enhanced system allows intermediaries interact with Bupa's products within the Bupa Extranet system in more a more in-depth manner, streamlining online administration of policies. The increased functionality permits…
Conning Research and Consulting, a division of Conning & Company, has released a study which finds that insurers operating in the USA's domestic insurance market should focus their attention overseas if they are to see continuing high rates of growth and profitability. Conning, a leading provider of insurance industry and asset management research and consulting services, released the study "Global…
British parliament's science and technology committee, headed up by chairman Phil Willis, has finished a new report on National Health Service funding for homeopathic treatments and come to the conclusion that the funding should stop. The committee of MPs said that since there is no evidence that homeopathic treatments work better than a placebo,…
The much-anticipated public consultation on "Healthcare Finance Reform" to be launched on the second half of this year is starting to generate attention towards some of the main issues to be addressed, among which is the possibility of the Hong Kong Government implementing a company to provide medical insurance for cases where private insurers may not be able to provide a "reasonable cover" to policyholders.
The federal government is trying to rally support behind a bill in the Australian Senate which would impact private medical insurance rebates for some Australians. The proposal seeks to rule out a 30% rebate on private medical insurance policies for any individuals earning over AUD$75,000 and families earning over AUD$150,000 annually. The Treasurer for the Labor government is saying this measure…
As part of CIGNA's continued efforts to expand its international business base, it counts now with a network of 4,000 hospitals and clinics in Russia, as per announcement released early this week.
The existing requirement for Expatriates living in Japan to provide proof of current or future enrolment in the country's national health insurance system to renew or apply for a visa with validity longer than one year will become compulsory starting from the 1st of April, 2010.
Cigna International Insurance has acquired Kronos Optimal Health Company of Phoenix, Arizona USA as part of an effort to expand their on-site health-management programmes for companies and their employees.
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