Acquisition strengthens its footprint in Asia Bridge Specialty International has successfully completed its acquisition of Acorn International Network, a prominent…
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Latest in Insurance Payout
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In an effort to strengthen cooperation on health insurance policy and tackle challenges posed by an aging population, officials from…
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Weak IT Security Infrastructure Heightens Cyber Risks The global specialty insurance market is on track to expand by $57.25 billion…
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In a major move aimed at widening pension access, India has launched the National Pension System (NPS) Vatsalya, a program…
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Dubai, UAE – Mahindra Insurance Brokers Ltd. (MIBL), the insurance broking subsidiary of Mahindra Finance based in Mumbai, has officially…
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Generali, in partnership with the United Nations Development Programme (UNDP), has announced a strategic initiative aimed at bridging the $1.8…
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Insurance Australia Group (IAG) has revealed plans to cut 214 jobs within its Direct Insurance Australia and Intermediated Insurance Australia…
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Tokio Marine Group has announced a strategic goal to generate ¥45 billion in decarbonisation-related insurance premiums by the end of…
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The families of the victims in the tragic school bus fire in Thailand are set to receive compensation, following confirmation…
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In a strategic move aimed at expanding its presence in Indonesia, Prudential has announced a long-term bancassurance partnership with Bank…
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Insurance payout refers to the amount of money an insurance company pays to an insured individual or entity in the event of a covered loss or claim. When a policyholder experiences a covered loss, such as damage to property, illness, injury, or death, they may file a claim with their insurance provider. The insurance company then assesses the claim, reviews the policy terms and conditions, and determines the amount of compensation that the insured is entitled to receive.