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Verisk Brings Health Risk Rating Tool to China with AXA Life & Health Reinsurance

SHANGHAI, China, April 6 (Korea Bizwire) — Verisk (Nasdaq: VRSK), a leading global data analytics provider, is pleased to announce that medical (re)insurance provider AXA Life & Health Reinsurance Solutions is using Verisk’s Health Risk Rating Tool to provide its insurance partners in China the ability to offer automated health insurance underwriting decisions that are [...]

Life Insurers Have Higher Claims Non-payment Ratios Than P&C Insurers…KFCF

SEOUL, June 2 (Korea Bizwire) – There are still cases in which insurance companies refused to pay insurance money for unsubstantiated reasons. According to the Korea Finance Consumer Federation, consumers ended up getting nothing in one out of every 100 claims cases on average. In 2013, the ratio of claims non-payment was 1.02 percent for life [...]