The main difference between endowment and deposit is life and health insurance for the entire term of the policy. With endowment, financial goals and plans will be fulfilled even in the event of unforeseen life situations. If an insured event occurs,...
In the US, life insurance for children is often purchased by parents for a number of reasons, although it is not required....
The Australian government banned insurance companies from using genetic test results to deny life insurance or increase premiums. Australians previously avoided genetic testing out of fear that it could impact their ability to buy a policy....
The National Bank held a session of expert and analytical club at AlmaU University, LS reports....
Loans secured by life insurance policies are popular in Canada, especially among people who want to access cash without selling their assets. These types of loans allow owners of savings and investment policies to borrow against the surrender value o...
The board of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (ARDFM) approved new requirements for cybersecurity of insurance and reinsurance organizations. This was reported by the press service of the...
Since the year beginning, 184.7 thousand children were born in Kazakhstan, and the number of deaths amounted to 66,100 people. Thus, the natural population growth was 118.6 thousand people, Zakon.kz reports....
Nomad Group consisted of Life Insurance Company Nomad Life and General Insurance Company Nomad Insurance, was rebranded. Why this happened and how the new brand already affected the work of insurers, we observed in this material....
A special commission created to investigate a group fatal accident that occurred on July 20, 2024 in Karaganda at the YDD Corporation ferroalloy plant, having studied the circumstances of the incident, determined that the employer was primarily to bl...
In the 1st HY 2024, Kazakhstanis concluded almost 3 times more retirement annuity contracts with LICs than in the 1st HY 2023. Moreover, if in previous years, clients' pension savings have been often transferred between companies - market participant...
In the first half of 2024, employers transferred mandatory pension contributions in the amount of 98.4 billion tenge and in favor of 3 million 926.5 thousand employees. This was reported by the press service of the Ministry of Labor and Social Protec...
The UAPF continues to explain the proposals by the Kazakhstani expert group, which included well-known economists Grigory Marchenko, Oraz Zhandosov, Bolat Zhamishev, Kadyrzhan Damitov, Anvar Saidenov, Elena Bakhmutova. Their proposals are aimed at st...
Since the year beginning, about 357.3 billion tenge have been allocated from the national budget for the payment of state social allowances (SSA) for disability and loss of a breadwinner. In addition, the State Social Insurance Fund (SSIF) made socia...
Given the changes in Indian society structure, where traditional family is giving way to modern relationships with adult children, the need for long-term financial planning is growing....
In June 2024, life insurance companies showed dynamics similar to May...
From January 1, 2024, revolutionary amendments were made to the law on the class of compulsory insurance of employees against accidents (CAI) concerning the social security of persons employed in jobs with harmful working conditions, writes Forbes Ka...
The volume of premiums collected for voluntary personal life insurance* in the Republic of Kazakhstan for January-June of this year reached 113.5 billion tenge, 20.6% more than for the same period in 2023. A year earlier, an increase of 11.5% was not...
Forbes Kazakhstan prepared an overview of the insurance market and a ranking of insurance companies (IC) ranged according to the size of regulatory assets as of end 2023. At the beginning of 2024, the insurance sector of Kazakhstan is represented by ...
Underwriting is a process, in which an individual or legal entity takes on financial risk for a reward. This risk is most often related to loans, insurance, or investments....
Risk & Insurance publication recently spoke with Mo Tooker, head of commercial insurance lines at The Hartford, about how AI would change the business models of insurers and their customers in the future...
