Do today’s customers expect more from insurance companies?

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Beazley found that homogenized policies and reliable claims service are no longer enough to satisfy customers; businesses expect insurers to demonstrate a solid understanding of their operations and the risks they face, and to add value through risk management tools, insights, services and flexible coverage.

Forty-eight per cent (48%) of those surveyed said their trust in insurance has increased since the start of the COVID-19 pandemic. However, only 54% believed that insurance was meeting their businesses’ challenges very well.

Among the reports key findings:

  • A quarter of business leaders struggle to understand what coverage they need
  • 19% find
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China puts controlling stake of revamped Anbang on the block for $5.2 bln

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Company flags and the sign of Dajia Insurance Group are seen at the former headquarters of Anbang Insurance Group, in Beijing, China, July 11, 2019. REUTERS/Jason Lee

SHANGHAI, July 17 (Reuters) – Two Chinese state investors plan to sell a combined 98.78% of their stakes in Dajia Insurance Group, the revamped entity of embattled Anbang Insurance Group (ANBANG.UL), for 33.6 billion yuan ($5.19 billion), according to an auction filing on Friday.

China Insurance Security Fund Co Ltd, the state rescue fund for the insurance sector which is controlled by the Ministry of Finance, aims to auction all of its 98.23%

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Business Insurance Customers’ 3 Top Asks and 5 Top Buying Reasons

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Almost half (48%) of business insurance buyers say their trust in insurance has increased since the start of the pandemic, but only 54% believe that insurance is meeting their businesses’ challenges very well.

A new report from specialty insurer Beazley highlights that in addition to financial protection, businesses are looking to their insurance partners to provide them with more risk insight, risk management-related services and flexible coverage that better meets their business’ changing needs.

The findings are based on research commissioned by Beazley involving 1,000 senior executives and insurance buyers in the U.S. and UK, from across 10 different industry

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Best’s Market Segment Report: Price Competition Inhibits Growth Potential of Kenya’s Insurance Market

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LONDON–(BUSINESS WIRE)–Challenging economic factors in 2020 made it a difficult year for Kenyan insurers and reinsurers. However, according to a new AM Best report, Kenya’s relatively stable economy and strengthening regulatory environment, compared with other markets in sub-Saharan Africa, are expected to continue to facilitate the development of its insurance sector.

The new Best’s Market Segment Report, “Price Competition Inhibits Growth Potential of Kenya’s Insurance Market”, notes that while low insurance penetration by international standards means the market has good long-term growth potential, stiff competition has led to price undercutting in recent years, hampering premium growth and

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Captive insurance industry news | Guernsey professionals discuss ILS market

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The insurance-linked securities (ILS) market of Guernsey has experienced several recent notable world-firsts, as discussed at We are Guernsey’s webinar, ‘ILS Insight: The Origin of Innovation’.

Sponsored by Bedell Cristin, HSBC, Robus Group and The International Stock Exchange (TISE), the webinar examines the landscape of the current ILS market following a recent trend of diversification from catastrophe risks (such as hurricanes and earthquakes) to more regionalised and medium risks, including operational, pandemic and terrorism risks.

Rupert Pleasant, chief executive of Guernsey Finance, began the session by identifying the advantages of Guernsey as a domicile.

“Guernsey has the authority and autonomy

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Dental insurance next industry that badly needs reform

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In the last decade, most debate and discussion on reforms related to health care have focused on Americans’ general health insurance plans and costs. And for good reason.

And though our health system is convoluted and complicated, it gets even more complex when we examine what is happening with dental care.

The intersection of hefty insurance premiums, confusing government benefits and a red tape bonanza keep many Americans from ever visiting a dentist’s office.

Even though 80% of Americans have access to dental benefits, nearly 35% of American adults didn’t visit a dentist in 2019, according to the National Association

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