The Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (ARDFM) is expanding its AQR practice. According to the regulator’s announcement, assets and risks related to them in insurance companies’ capital are now considered by the Insurance Payments Guarantee Fund (IPGF). The organization has already conducted stress testing. Here we will talk about the innovation in detail.

There is more and more evidence that genes encode not only appearance and predisposition toward diseases but also preferences and behavior. Scientists are even attempting to predict eating habits using DNA. How great is the influence of heredity on a person’s character in the material of RIA Novosti.

Common belief about life insurance as a financial product for people who are successfully moving up the career ladder with good, if not high, incomes is erroneous. Life insurance is not just meant for protecting affluent people. The industry itself was created to protect the middle class and underserved people.

Cognitive neuroscientists from the University of Pittsburgh studied the topic of fear, namely the intentional fright that people go through, including horror films or thrill rides. They have found that the benefits of thrills outweigh natural pleasure, Inc. magazine writes.

Florida man faced the trial. He was accused of murdering his husband this March, NBC 6 South Florida reports.

Primary beneficiary is a person or organization that will receive payment from an insurance claim, regardless of any conditions. Contingent beneficiary is a person or organization that will receive the payment only if certain conditions are met. Thus, the main difference between the two is that primary beneficiary always receives the payment, while contingent beneficiary only receives the payment when certain conditions are met.

Watching glamorous photos on Instagram, some people fall for the tricks of manipulators and pay money for “magical activities.” Internet marketing fraudsters are people selling products (books, courses, trainings, checklists) that have no value. Most often, these are well-known bloggers on social networks who call themselves coaches or information businessmen.

The state insurance regulator of India IRDAI intends to propose changes to insurance contracts in terms of the use of "more understandable language" in the coming weeks.

Protecting your finances from risks and fraud is an important aspect of financial security. The editors of the Prodengi.kz website give some tips that will help protect your finances.

Russian authorities are working over the issue of introducing mandatory acquisition by migrant families of a voluntary health insurance (VHI) policy for their children. Maria Lvova-Belova, the Presidential Commissioner for Children's Rights, reported this in her Telegram channel, Izvestia writes.

In early 2000s, bank deposits aroused distrust among Kazakhstanis. The reputation of deposits was tainted by the Soviet practice of ruble denomination (when 10 rubles depreciated to one ruble overnight, and deposits were recalculated at this rate and old money was exchanged for new bills), as well as by numerous bank bankruptcies in the 90s years. Deposit guarantee system corrected the situation and made deposits the most popular financial instrument in the country. Kazakhstan Deposit Guarantee Fund has been paying money to depositors of failed banks for many years. A similar system has started working in the life insurance market. Bakyt Kogulov, Chairman of the Board of Insurance Payments Guarantee Fund, told LifeInsurance about how the situation was changing.

ULIP (Unit Linked Insurance Plan) is a type of insurance product that is a combination of life insurance with an investment option. ULIP provides insurance coverage in case of death of the insured and also allows a portion of the premium to be invested in various investment funds such as shares, bonds, or other financial instruments.

The CAPITAL LIFE insurance company became the winner of the “Quality of Service and Consumer Rights – 2023” award for creating a healthy lifestyle ecosystem.

LICs maintained high positive premium dynamics in September