Finances are changing and can this help the insurance sector

The insurance sector of India has been suffering as the financial sector and the banking sector the nation is facing major issues. The frauds in banks and the financial firms have led to this situation where the nation of India is almost seeing the death of the insurance sector. The Entry of the digital players in finance is changing this and there have been announcements of new policies for the revival of the sector that is essential to the growth of the nation. Indian Overseas Bank Health Care Plus Policy…

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Global Aircraft Insurance Market 2019 Share

New Study Report «Aircraft Insurance Market 2019 Global Market Opportunities, Challenges, Strategies and Forecasts 2025» Added on Wiseguyreports.com. PUNE, MAHARASHTRA, INDIA, October 26, 2019 /EINPresswire.com/ — Aircraft Insurance Market 2019 New Market Study Report “Aircraft Insurance Market –Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2025” Wiseguyreports.Com adds To Its Research Database. Report Details: This report provides in depth study of “Aircraft Insurance Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Aircraft Insurance Market report also provides an in-depth survey of key players in…

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Car Insurance Market 2020

New York, NY, Oct 25, 2019 (WiredRelease): In a recent study published by Market.us, titled, Global Car Insurance Market Research Report, analysts offer an in-depth analysis of global car insurance market. The Global report entails the overall and all-encompassing study of the car insurance Market with all its important factors that might have an impact on the growth of the market. This report is rooted in the methodical quantitative and qualitative evaluation of the global car insurance market. The study analyses the various aspect of the market by studying its historic…

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Insurance Specialist

Are you looking for unlimited opportunities to develop and succeed? With work that challenges and makes a difference, within a flexible and supportive environment, we can help our customers achieve their dreams and aspirations. Job Description The Insurance Specialist is responsible for providing life insurance solutions to Bank’s clients. He/she will work in coordination with branch sales and service teams, thus we are looking for a dynamic individual, who has an independent mindset and the drive to succeed. • Work closely with branch sales and service teams to provide innovative…

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UPDATE 1-State Bank of India profit triples on insurance unit stake sale gain

(Adds operational metrics, background, shares) BENGALURU, Oct 25 (Reuters) — State Bank of India (SBI) reported a three-fold jump in quarterly profit on Friday, buoyed by a 34.84 billion rupee ($491.15 million) gain from selling a portion of its life insurance unit, while asset quality also improved. Net profit rose to 30.12 billion rupees in the three months ended Sept. 30, from 9.45 billion rupees a year earlier, the country’s largest lender by asset said in an exchange filing here Analysts expected a profit of 21.28 billion rupees, according to…

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iA Financial assimilates Excellence Life

iA Financial Group announced today that it is merging two of its companies: the Excellence Life Insurance Company and Industrial Alliance Insurance and Financial Services (iA Insurance), effective Jan. 1, 2020. iA Insurance acquired Excellence in 2008, a move that allowed the company to enter the individual disability and health insurance market. At that time, Excellence did business exclusively in Quebec, posting gross premiums in the amount of $90-million. Today the company says Excellence operates across Canada with 173 employees, posting gross premiums of $135-million. iA Financial says the announced…

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Intact Financial chooses SAS to help with IFRS 17 compliance

Analytics company SAS announced this week that Intact Financial Corporation has chosen SAS to support end-to-end processes and efficiently address the intensive IFRS 17 requirements. “IFRS 17 will substantially change the face of insurance accounting,” SAS said in a statement released Sept. 24. “Companies will have to report in greater depth on how insurance contracts affect their financial position. The accounting standard demands greater detail in financial analysis and increased cooperation between actuarial and accounting departments. While the standard does not come into force until January 2022, Canadian insurers have…

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Mental health conditions on the rise

According to new data from Sun Life Canada reported in the 2019 Sun Life Barometer, the number of working Canadians who’ve experienced a mental health issue has risen seven per cent since the survey was last conducted back in 2017. The survey of 2,901 Canadians, conducted in March and April 2019, found that 59 per cent of working Canadians have experienced a mental health issue, up from 52 per cent who reported the same in 2017. The barometer report also found that 60 per cent of working Canadians who have…

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Canadians wary of disclosing mental health issues, says survey

Even though more Canadians are recognizing depression and anxiety as disabilities compared to last year, a stigma around mental health still exists, according to a recent RBC Insurance survey. Three quarters of working Canadians say they would either be reluctant to admit (48 per cent) or would not admit (27 per cent) to a boss or co-worker that they are suffering from a mental illness. As well, the proportion who say they would not admit they were suffering from a mental illness is almost three times as high as it…

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New “assistant” can come up with personal investment options

Toronto-based NextJ Systems has announced the launch of an “intelligent investment recommendation assistant” to create personalized investment options designed to lessen risk and volatility. The “assistant” continuously monitors and detects portfolio imbalances, identifying the need to rebalance. New assistant creates a highly personalized mandate for each client “The intelligent investment recommendation assistant consolidates investor information from any source, internal or external, then utilizes client preferences and the firm’s portfolio management strategy to create a hyper-personalized mandate for each client portfolio,” following compliance rules to all recommendations, says the company. NextJ…

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