Life insurance sector records single-digit growth in 2020, says LIAM | Money

Benz Seo

KUALA LUMPUR, May 17 — Malaysia’s life insurance sector recorded moderate single-digit growth in total in-force business in 2020, despite the challenging business landscape due to the Covid-19 pandemic.

Life Insurance Association of Malaysia (LIAM) president Loh Guat Lan said total in-force premiums increased 5.3 per cent year-on-year (y-o-y) to RM43.4 billion in 2020 from RM41.2 billion in 2019, while the total sum assured in force grew 4.3 per cent y-o-y to RM1.7 trillion in 2020 from RM1.6 trillion previously.

“The total number of policies in force also recorded a marginal growth of 0.9 per cent to RM12.8 million units

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Construction Sites and COVID-19 – New Jersey Business Magazine

Benz Seo

Pre and post pandemic, the construction trades lead the way in worker safety equipment and procedures.

On April 8, 2020, Gov. Phil Murphy issued Executive Order No. 122, shutting down all “non-essential” construction in the state, noting that “construction sites are inherently difficult environments for social distancing to occur, as they frequently require large numbers of individuals to touch the same surfaces, gather closely together in areas such as service elevators, and use common facilities such as portable restrooms.” 

Notable exceptions, including projects necessary for the delivery of healthcare and essential

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At 15.6{fbc7a75af74adfbeb2d3baecdf7daa64e5d3521205059ee8f1fef6bec19bbc34} CAGR, Global Digital Lending Platform Market Size

Benz Seo

London , United Kingdom, May 17, 2021 (GLOBE NEWSWIRE) — Digital Lending Platform Market is valued at USD 7493.3 Million in 2020 and Projected to reach USD 20671.8 Million by 2027 with the CAGR of 15.6{fbc7a75af74adfbeb2d3baecdf7daa64e5d3521205059ee8f1fef6bec19bbc34} over the forecast period.

Digital Lending Platform Market Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2027: Increasing digitalization in banking industry and growing penetration of smartphones & tablets are the major factors driving the growth of Global Digital Lending Platform.

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Digital Lending Platform (DLP) is a mortgage point-of-sale (POS) tool that goes from lead to

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Insurance industry in India: heralding a technological transformation

Benz Seo

If we look at how the insurance business has been carried out over the years, it is evident that functions such as underwriting, issuing policies, distribution network and claim settlement etc used to be heavy on paperwork and manual effort. If a person needed to buy a policy then he will contact an agent who would get the form filled and deposited personally. The person would then need to wait for weeks to get the policy issued. Claim settlement was another such laborious issue.

However, with the emergence of insurtech, things are changing rapidly. Insurtech is a broad term given

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Musk’s Bitcoin Concerns Sink Crypto-Linked Stocks

Benz Seo

(Bloomberg) — Stocks exposed to cryptocurrencies slumped around the world after Elon Musk voiced concerns over Bitcoin’s energy usage, delivering a blow to the digital asset’s standing within global markets just a few months after the billionaire CEO of Tesla Inc. became one of its biggest supporters.

Crypto shares from the U.S. to Asia slid as Bitcoin plunged as much as 15{fbc7a75af74adfbeb2d3baecdf7daa64e5d3521205059ee8f1fef6bec19bbc34}, sinking to a low of $46,045 before trimming the decline. Musk said he was worried over the “rapidly increasing” use of fossil fuels for Bitcoin mining and transactions, and suspended Tesla purchases with the asset, indicating he might

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Building Business: Drumbeat of construction continues, from steel girders up

Benz Seo

Consigli Construction has the steel work up for the Sun Life Financial building on the former Portland Co. site on Portland’s East End.

Sun Life plans to move into the building by next year. Sun Life’s FullscopeRMS subsidiary will occupy 77,000 square feet at the site. The developer is Portland Foreside Development Co.

The building will have space for other office tenants as well as ground-floor retail and restaurants. 

Photo / Peter Van Allen

Consigli Construction has the steel work up on the Sun Life building on the former Portland Co. site on Portland’s East End. Sun Life plans to

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