Insurers

New generation insurtech startups Bengaluru-based Onsurity and Pune-based Loop Health have applied for licences to offer health insurance, three people in the know told ET.This follows the Insurance Regulatory and Development Authority of India (Irdai) opening the heavily regulated sector to new participants. The sector regulator has sought tech-first firms to play a key role in helping the country achieve the goal of insuring every citizen by 2047.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

A young woman sits on a couch with her therapist.Sdi Productions | E+ | Getty ImagesThe Biden administration plans to crack down on health insurance plans that discriminate against people who need mental health care and substance abuse treatment.A proposed rule published Tuesday by the Health and Human Services, Labor and Treasury departments aims to push health insurers to comply with the Mental Health Parity and Addiction Equity Act.That law, which was passed in 2008, requires insurance plans that cover mental health…

Severe storms that brought hail and high winds to places such as Texas and states in the central U.S. are wreaking havoc on insurers’ profits. Severe storms that brought hail and high winds to places such as Texas and states in the central U.S. are wreaking havoc on insurers’ profits. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks…

Simon2579 | E+ | Getty ImagesMore wrecks, fewer shops mean higher premiumsAverage motor vehicle insurance prices rose by 17.1% in May versus a year ago, according to the consumer price index.That's among the largest annual increases of any consumer good or service, bested only by prices for margarine, frozen vegetables, motor vehicle repair and meals at schools and employee sites, according to CPI data.Prices were up 2% alone between April and May.About a third (31%) of U.S. auto insurance customers say they experienced a…

Credit: Chart: The Conversation/CC-BY-ND Source: Munich Re NatCatService Get the data Download image Created with Datawrapper Over recent months there has been an orchestrated pushback against investors and insurers who integrate the risks of climate change into their business models. That pushback—emanating from Republican-led states—is having an impact on how companies speak publicly. But whether it will affect their efforts…

The pullback goes beyond California and Florida as insurers face climate risks and inflation. The pullback goes beyond California and Florida as insurers face climate risks and inflation. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the…

WASHINGTON—An unprecedented effort by states to review the eligibility of the more than 90 million people on Medicaid carries high financial stakes for industry groups, including hospitals that risk paying more to cover uninsured patients and insurers that could lose some of the money they get for managing state Medicaid programs. Eligibility reviews for people who get Medicaid coverage were paused during the Covid-19 pandemic. The resumption of those reviews and disenrollment of people, technically starting Saturday, has…

The paperwork required by health insurers to get many medical procedures or tests—one of the biggest gripes of doctors and patients—is getting rolled back. UnitedHealth Group Inc.’s UnitedHealthcare, the largest health insurer in the U.S., said it would cut its use of the prior authorization process. Starting in the third quarter, it will remove many procedures and medical devices from its list of services requiring the signoff. The insurer also said it would eliminate, starting next year,…

Credit: Pixabay/CC0 Public Domain After an extensive consultation process, the organization that supervises banks and large insurance companies in Canada—the Office of the Superintendent of Financial Institutions (OSFI)—has released guidelines for financial institutions to address climate change. This is timely, considering banks and insurers are massive funders of the fossil fuel industry.…

Founded by two insurance industry veterans, Eazy Digital wants to give small insurance companies in Southeast Asia the same advantage as their larger competitors. Its SaaS platform lets insurers digitize many parts of their operations, enabling them to scale up more efficiently. The Bangkok-based startup announced today it has raised $850,000 in an oversubscribed seed round led by Wavemaker Partners, with participation from Seedstars International Ventures, Wing Vasiksiri and Sasin Bangkok Venture Club. Eazy Digital…