Last Thursday, the Shenzhen-based Ping An Insurance Group of China announced its group insurance premiums for the first two months of 2010 are up from the same time period last year. Ping An Insurance Group announced its results for its pension, property, life and health insurance businesses. Pension insurance for January and February…
Individuals and families looking to apply online for insurance coverage provided by Blue Cross and Blue Shield of Texas (BCBSOT) may now do so through the Internet system developed by Quotit(R) Corporation, a division of The Word & Brown Companies.
Reporting a 2009 net profit of US$1.62 billion (EUR 1.19 billion), chiefly due to the profitable performances of its remaining insurance operations, Fortis also announced its re-branding strategy which aims to reflect the transformation it went through during the past year that made it a focused insurance company.
London-based international medical insurer Medicare International has now added 'passive war cover' as an option on its health polices to provide coverage for contractors and workers in war torn nations. Medicare has recognized there is a growing number of people working in and around zones of conflict in the world and has tried to cater to contractors…
The British Government is looking at a number of proposals that would attempt to curtail the number of medical tourists who leave without paying the bill, such as forcing visitors to show proof of medical insurance before entering the country. The British Home Office has put forward ideas on ways to curtail the abuse of the National Health Service…
The regulatory agency responsible for overseeing the insurance superintendency in Costa Rica has approved "Pan American Life Insurance de Costa Rica, S.A." as provider of insurance coverage in the country. This makes of Pan-American Life Insurance Group, an international insurance provider and financial planning service based in New Orleans, Louisiana, the first US insurance company to be officially welcomed into the Costa Rican market.
Indian company, Bharti AXA General Insurance Co. Ltd. announced on the eve of International Women's Day (March 8th) that they will be offering a 10% discount for all health insurance products for women all over the country. "The purpose of our Women's Day special promotion is to express our support to women across the country…
Starting May 1st, a new Cuban government measure will require all foreigners, and Cubans living abroad, to possess travel insurance with medical cover in order to enter the country. Cuba's Executive Committee of the Council of Ministers published the new law in the nations Official Gazette, stating that tourists, and Cuban emigrants must have health insurance before being allowed…
The China Insurance Regulatory Commission (CIRC) has recently granted HuaKang Financial Services Inc. authorisation to consolidate its existing 17 subsidiaries under their subsidiary in Shenzhen, which in turn will allow all these subsidiaries to be upgraded into branches.
The high-growth of Asian markets is proving to be a tempting proposition for some European Insurers currently making unsolicited bids for the business of ING in that region. As per comments made by industry analysts it is thought that Zurich Financial Services Group, Allianz and Axa may be among the potential suitors for ING's Asia insurance unit.
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