DIRS.INFO The most relevant business & tech news

☆ 'It's a work in progress.' How Covid has changed the life insurance marketplace
▼ + stars: | 2022-12-01 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +6 min

But for the life insurance industry, experts say the long-term effects aren't yet known. Faced with a staggering loss of life, insurance firms saw payouts soar during the pandemic. The demand for life insurance policies also jumped as consumers rushed to protect loved ones. Individual U.S life insurance application activity increased by 3.4% in 2021, following a record-breaking year-over-year growth of 3.9% in 2020, according to the MIB Life Index's 2021 annual report. However, the life insurance industry is still wrestling with mortality changes and how these shifts may affect the underwriting process.

[1/2] A woman uses her mobile phone as she walks past in front of an Optus shop in Sydney, Australia, February 8, 2018. This week 37 countries, including Australia, will meet at the White House with the goal of tackling ransomware and other cyber crime. Australian cybersecurity insurance premiums rose by an average of 56% year-on-year in the second quarter, said insurer Marsh & McLennan Companies Inc (MMC.N). The average Australian cybersecurity base salary is A$105,000, according to jobs website Glassdoor. Neil Curtis, an Australian cybersecurity executive of U.S. technology contractor DXC Technology Co (DXC.N), who runs a programme retraining military veterans in cybersecurity, said he had requests for about 300 trained personnel in the next six months.

☆ U.S.-Based Pensions Rush to Assess Interest-Rate Risk
▼ + stars: | 2022-10-18 | by ( Heather Gillers | ) www.wsj.com time to read: 1 min

General Electric, with operations including a gas-turbine plant in South Carolina, uses derivatives to hedge risks in the company’s pension portfolio. David Eisenberg got a call this month from a finance official at a U.S.-based multinational company. The executive wanted to know whether the company had derivatives in its retirement portfolio. “We explained that they don’t,” said Mr. Eisenberg, an investment adviser with Buck, a New York-based pension-actuary and human-resources consulting firm. “They were worried that if they were using derivatives they were exposed to risk.”

☆ Americans have largely avoided health care inflation so far – but that’s about to change
▼ + stars: | 2022-10-13 | by ( Tami Luhby | ) edition.cnn.com time to read: +6 min

About 155 million Americans have work-based health insurance, the largest source of coverage by far, according to the Kaiser Family Foundation. Delayed impact of inflation on health careWhile the cost of gas, food and other essentials can change quickly based on inflation and market conditions, health care operates differently. In fact, health care costs are bucking their own typical trend. Workers are projected to shell out an average of 2.6% more for health care this year, compared to 2021, Aon calculated. Increases expected to continueNext year will only be the start of an extended period of increased health care costs, experts said.

Search resuls for: "actuary"

4 mentions found