InsuranceNews

Allianz Nears Decision to Abandon Income Insurance Partnership

10 days ago

Allianz, a leading global insurance and asset management firm, is reportedly on the brink of withdrawing from a lucrative income insurance agreement. Sources familiar with the matter have indicated that the company is reconsidering its role in this sector, which has seen increasing scrutiny and changing market dynamics.

Singapore's Groundbreaking Decision: Cancelling $1.7 Billion Allianz Income Insurance Deal

2 months ago

In a significant shift in financial strategy, Singapore has announced its decision to discontinue a colossal $1.7 billion income insurance contract with Allianz, a move that is stirring conversations in the insurance and financial sectors alike.

Insurance Industry Faces a Potential $55 Billion Blow from Helene Milton’s Actions

2 months ago

The insurance sector is bracing itself for a significant financial upheaval, with estimates suggesting that losses could reach as high as $55 billion due to a series of incidents tied to the figure known as Helene Milton. This news has reverberated through the industry, raising concerns about the ramifications for insurers already grappling with various challenges.