What’s happening in the global marine insurance market?

[ad_1] Net income rose year-over-year [ad_2] Source link

[ad_1] Three issues are top of mind… [ad_2] Source link

[ad_1] Humana, one of the largest Medicare Advantage providers, exited unprofitable plans earlier this year, cutting around 550,000 members, though most transferred to other Humana offerings. The move helped boost its profitability, with net income rising nearly 67% in Q1. [ad_2] Source link

[ad_1] • Number of Claims Settled: 9,22,207 •Amount of Claims Settled: ₹19,327.63 crore •Claim Settlement Ratio: 98.52% •Repudiation Ratio: 0.87% •Pending Claims Ratio: 0.08% •Analysis: LIC continues to dominate the life insurance market with the highest number of claims settled and a substantial amount of payouts. Its high claim settlement ratio, coupled with a low…

[ad_1] The acquisition adds approximately $2 billion in enterprise value to The Standard’s group benefits division to expand its footprint in the voluntary benefits space, complementing its offerings in disability, life, dental, vision, and paid leave services. [ad_2] Source link

[ad_1] California also experienced the largest single incident included in the analysis. From April 2021 to January 2024, member data from Blue Shield of California was shared with Google for advertising purposes, affecting an estimated 4.7 million individuals. While the company stated that no malicious actors were involved, the data shared included information such as…