Tag Archives: Non Life Insurance

AIG Profit falls on disasters, travel insurance | Instant News



Insurance conglomerate American International Group Inc.’s net income was recorded as a loss on mark-to-market hedging programs primarily for certain products sold by its life insurance business. The company’s closely watched adjusted profit fell 10% in the fourth quarter, penalized by additional costs from Covid-19. In the life insurance industry, Wall Street analysts view these mark-to-market movements as a less important performance measure than adjusted earnings, which excludes items considered non-recurring. The value of hedges jumps in response to changes in interest rates, stock markets, corporate credit spreads and other factors. Including these hedges, AIG recorded a net loss of $ 60 million for the fourth quarter, down from $ 922 million in the same period a year earlier. Its “adjusted profit after tax” fell 10%, from $ 923 million to $ 827 million. AIG’s main general insurance unit sells a range of property and casualty coverages to affluent businesses and households and is one of the largest sellers of travel insurance in the country in terms of premium volume. .



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Travel insurance: what you need to know about Covid-19 and beyond | Instant News


The Covid-19 pandemic is prompting many travelers to take a fresh look at purchasing travel insurance. How much is that peace of mind worth? A typical plan covering eventualities such as trip cancellation, disruption and medical emergencies could account for 5% to 10% of your total vacation tab, says Stan Sandberg, co-founder of travelinsurance.com, a policy comparison site. Unless you choose carefully, however, you could end up holding the bag if the worst happens. Standard… .



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How Brazil Became a Hot Market for IPOs | Instant News


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