Sberbank life insurance will test artificial intelligence technologies next year, RIA Novosti reports with reference to Alexander Vedyakhin, the first deputy chairman of the largest bank in the neighboring country.

When a person takes out a mortgage, the last thing you want to think about is death, right? Such thoughts stop some people from buying a life insurance policy, according to an article by Real Homes. The second reason that prevents this pragmatic act is the high expenses of borrowers.

The Singapore Life Insurance Association (LIA) has launched a digital calculator for greater customer convenience, reports THE BUSINESS TIMES.

In March last year, accident bereft the wife of her husband in Penza. The man worked at a factory, he was coming downstairs at the end of the day and slipped. As a result of falling from height, he got fatal injuries, the website SMI58.RU reports.

The insurance sector in some European countries has grown due to Brexit. The premiums in Luxembourg in the third quarter increased by 22% compared to the same period last year, writes International Network Investments.

Women account for over 60% of life insurance contracts, according to statistics of Rosgosstrakh-Life and Otkrytie Bank statistics.

According to the UAPF calculations, if a person deducts 10% of wages for 40 years, then in a conservative scenario (when investment income only slightly exceeds inflation), he will receive a pension wage replacement of only 30%. People worldwide believe that the replacement rate should be 50-70% of income. The stability in the financial situation of an elderly person can be achieved with this level.

Women and men in retirement age have different social statuses. The income of the first is lower. Besides, women live longer; therefore they should save more for old age.

Following the introduction of amendments in pension legislation in 2015 the UK pension annuity market declined. Over time, insurance companies began to bring more profit to their customers than pension funds.

The Bank of Russia will exclude investment life insurance from the bill on the categorization of investors, the Kommersant newspaper writes. The market supports this decision.

Building an effective retirement plan depends on a client’s and his company strategy, financial instruments, terms of savings and risks, writes Forbes.com.

The InsuranceNewsNet portal thought long and hard about money saving when buying life insurance policies. As known, a contract value depends on age, medical history, current health status of a client and his habits.

People’s requirements for life insurance companies are not in a static state, as human needs change from year to year, CNBC reports.

LICs are waiting for the positive results of 2019