The Latest Breaking News from Insurance

In latest blow to Obamacare, Trump is threatening the entire US health system

The Trump administration is removing 760,000 people enrolled in the Affordable Care Act marketplace

The Guardian - US · Sep 25

Covid test company executive pleads guilty to billing insurers $500 M for services never provided

A Fast Lab executive pleaded guilty in a COVID-19 testing fraud case involving over $500 million in allegedly false claims. Prosecutors said the company used customers’ insurance information to bill government-backed healthcare programmes for COVID-19 testing services that were never provided. Seyhun admitted helping submit fraudulent claims and agreed to…

The Times of India · Sep 25

Offered lower interest rates on home loans and car loans when you buy insurance? It may not always come cheap; here's how IRDAI proposes to change it

New proposals by IRDAI aim to reform loan-linked insurance offerings from banks and NBFCs, ensuring transparency for borrowers. Key changes may prevent mandatory insurance bundling, allowing for better consumer choices and potential interest rate benefits, while still enabling some insurance package offers. Discover how these reforms could impact your next…

The Economic Times · Sep 25

PB Fintech: A record debut in 2021, a record ₹31,400 crore wipeout & now the biggest storm the Gurugram co can face

PB Fintech came under heavy selling pressure after IRDAI proposed changes to insurance commissions and distribution economics. PB Fintech shares plunged 36% on Thursday, wiping out more than ₹31,400 crore in market value, and remained volatile on Friday.

The Economic Times · Sep 25

How to trade PB Fintech shares after falling 12% from day’s high? This technical analyst explains

PB Fintech shares extended their sharp selloff on Friday, falling 5% after plunging 36% in the previous session. Technical analysts flagged weak momentum, broken support levels and bearish indicators, while brokerages lowered targets or retained cautious views amid concerns over proposed IRDAI changes and their potential impact on Policybazaar’s earnings.

The Economic Times · Sep 25

Missed declaring parents’ pre-existing conditions? Know if you should disclose them now or switch policies

Not disclosing your parents' medical conditions when buying health insurance can have serious repercussions, especially at the time of a claim. Discover why complete transparency is crucial and learn the recommended steps if you've missed important disclosures on the proposal form to safeguard your policy and maintain coverage.

The Economic Times · Sep 25

PB Fintech's 36% bloodbath rattles market, but Jefferies stays bullish. What does it see in Policybazaar parent?

PB Fintech shares plunged a record 36% to a 52-week low, wiping out around Rs 31,430 crore in market value after IRDAI proposed changes to insurance commission structures. While Jefferies flagged a potentially material near-term earnings impact, it retained its ‘Buy’ call on the stock.

The Economic Times · Sep 25

PB Fintech shares slip another 5% after massive 36% crash on Thursday. What are Jefferies, others saying?

PB Fintech share price: PB Fintech shares plunged 36% in the previous session following IRDAI’s proposal to curb ‘dark patterns’ on insurance websites. The proposed rules could also pressure insurance stocks by limiting insurers’ Expense of Management (EoM), potentially reducing spending on commissions and distribution while raising customer acquisition costs.

The Economic Times · Sep 25

IRDAI's commission reset impact; ETSA winner Progcap’s next bet

Happy Friday! IRDAI's overhaul plan could significantly impact the new-age insurance distribution industry. This and more in today’s ETtech Morning Dispatch.

The Economic Times · Sep 25

Insurers Are Betting on AI to Find Hidden Profit. Can the Models Hold Up Under Pressure?

A combination of inflation, geopolitical shocks and climate volatility has made insurance pricing highly unpredictable.

International Business Times · Sep 24