Insurance

UK government reconsiders insurance outlines

Regulators consider redetermining insurance policies to benefit consumers

In the UK, the issue of universal flood cover has created a firestorm in recent months. Insurers recently issued an ultimatum to the government demanding that ministers work with the industry to find a solution so that cover can be maintained. The Flood I...

Groupama targets sustainable, profitable growth in Turkey

Groupama has made five acquisitions worth $800m since 1991, and is benefiting from Turkey’s fast-growing economy, promising demographics and high insurance potential

Having concluded five key acquisitions worth over $800m, Groupama is one of Turkey’s largest foreign investors. Generally preferring to grow through acquisitions in Europe, the company started its operations in Turkey in 1991 with the purchase of a 30 p...

Outlook for reinsurance market remains positive

As markets worry about the potential outlook over the course of the year, reinsurance is well-buoyed and sustainable growth sector

Reinsurance, which spreads the risk of potential loss between many insurers, is predicted to remain at least stable in the coming months and years, or its use may even grow. Part of the positive outlook is due to demand, which has been flat but is predict...

Colombian insurance firm Bolivar is achieving growth through international expansion and social responsibilty

Seguros Bolivar targets CSR in Colombia insurance market

Colombian insurance firm Bolivar is achieving growth through international expansion and social responsibilty

Seguros Bolívar S.A is a Colombian insurance company. Founded in 1939, it entered a market which at the time had only international insurance companies. It originally focused on personal insurance, and later expanded its market presence with general insu...

Savvy consumers challange insurance claims

As more and more consumer-friendly options are presented through websites such as Compare the Market and Geico, insurance companies must raise their game

One of the ways that the recession and the emerging inflation in some nations has impacted consumer thinking is in relation to health insurance. Simply put, when there is no spare money, people either choose to do without various types of insurance or loo...

HSBC take strain of mis-selling payment protection insurance

As the FSA cracks down on mis-selling insurance policies, reports claim that HSBC has admitted a hole in the system, soon to be rectified

It would be impossible for anyone to have avoided the claims that HSBC, easily one of the largest banking enterprises in the world, has been accused of improprieties relating to the way in which they have gone about selling payment protection insurance (P...

Insurance companies move to compete in today’s economy

Insurance organisations are stepping up their concerns, as the market becomes more and more congested

As the economy continues its slow recovery from the effects of the recession, while still attempting to prevent inflation from taking over, insurance companies of all types are feeling the bite. In particular, providers that offer health and car insurance...

Brazil on a high

Insurance company ACE Brazil is a pioneering force operating across several segments, and successfully so. World Finance speaks to country President Farid Eid Filho to learn what’s behind the company’s strategy and what lies ahead

While many companies struggle, ACE Brazil is on a high. 2010 proved to be particularly successful, during which period the company increased premiums issued well beyond the two-digit expansion goal established in the previous year. Significantly, the posi...

A new distribution model in insurance

Interamerican is Greece’s first integrated multichannel insurer

The Greek insurance industry is still facing its own particular set of challenges over the coming months and years including: the valuation of investment portfolios, the development of a second pillar in Social Security, achieving compliance with Solvency...

Dutch insurer gains recognition

Healthcare insurer Menzis is the World Finance Insurance Company of the Year in the Netherlands for 2011, awarded
for their dependable healthcare advocacy

Menzis is the fourth-largest healthcare insurer in the Netherlands, serving 2.1 million insured. The concern operates three different labels: Menzis, Azivo and AnderZorg. All labels offer various healthcare insurance policies with different coverage range...

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Zimbabwe

234.1% of GDP, pariah of debt markets, but with hopes for a healthy twelve months ahead

Japan

197.5%, hard-hit by the tsunami, and reeling from the internal corruption allegations

Greece

142.8%, possibly heading for default, and considered one of many eurozone bad boys

Lebanon

133.8%, deceptively, has a strong banking sector, but little more in an ailing economy

Iceland

126%, hopelessly indebted banks and very little light at the end of a long and gloomy tunnel

Italy

119% of GDP, in need of reform, paying over 7% for its debt thanks to technocratic leadership

Singapore

106%, to many an idyllic investment destination, a great borrower, repayer, and long term option

Belgium

101%, no government for most of 2011 didn’t help a weak economy in dire need of stimulus

Egypt

90%, high but it’s recovering from a long and protracted revolution and aiming high

European Union

82%, stronger countries like Germany are contaminated by the weakest. It could go on…