Life insurance is not fun to think about and those who buy it certainly hope they never need it. Nevertheless, if you die, your loved ones will probably be relieved that you have taken out a policy. Although life insurance covers death from natural causes and accidents, certain circumstances could …
Read More »Monthly Archives: January 2021
American Family acquires Bold Penguin
The holding company of American Family Insurance has acquired insurtech Bold Penguin, a small business insurance distribution company, it said. Bold Penguin will become a subsidiary of American Family once the deal is done. The terms were not disclosed. Employees, including Bold Penguin founder Ilya Bodner, will remain with the …
Read More »Commission cuts are too hard for UAE insurance brokers to absorb
The sale of life insurance premiums is now subject to a stricter regime, but it also imposes a financial cost on brokers. Image Credit: Think Stock A new set of regulations governing the UAE life insurance market came into effect on October 15 and drastically reduced brokerage commissions from 40% …
Read More »Auto insurers save hundreds of millions of dollars during pandemic, report says
While the COVID-19 crisis did not hit Atlantic Canada like many other Canadian provinces, it still had countless impacts. Many people throughout the pandemic have worked from home, resulting in a drastic reduction in the number of vehicles on the road, especially in urban centers. This resulted in fewer accidents, …
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