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Showing posts from January, 2018

Iran: Insurers to be asked to assess adequacy of reserves

The Iranian insurance industry currently holds a total of IRR330 trillion (US$7.23 billion) in reserves that will rise in the next fiscal year starting on 21 March 2018, as the insurance regulator will direct that greater attention be paid to evaluating reserve adequacy. from Recent Posts on (MiddleEast) http://ift.tt/2DQEz17

Saudi ArabiaMetLife AIG ANB sees unexpected loss in 4Q2017

MetLife AIG ANB Cooperative Insurance has suffered an unexpected significant loss of around 15% of the company's net assets in the fourth quarter of 2017 connected with its medical insurance business. from Recent Posts on (MiddleEast) http://ift.tt/2nxv4sD

Qatar: Insurers to play significant role in new traffic plan

Qatar's new operational plan for traffic safety for the years 2018-2022 will link insurance premiums to a driver's road accident record and the risks to which the driver may be exposed, in addition to the driver's age and type of vehicle driven. from Recent Posts on (MiddleEast) http://ift.tt/2DQIdZ4

California health insurance marketplace: history and news of the state’s exchange

Highlights and updates Open enrollment for 2018 coverage extended to January 31 1.542 million enrolled by January 21, slightly ahead of last year’s enrollment Off-exchange Anthem members who lost coverage are eligible for a SEP Anthem reduced coverage area from statewide to just 3 rating areas Anthem members were mapped to new plans if they didn’t pick their own All 11 insurers returned for 2018 Blue Shield & Oscar expanded coverage area California’s approach to CSR funding uncertainty protects consumers Silver plans have an added surcharge for CSR costs Only exchange in the country that only allows standardized plans de minimus range for metal levels remained at +2/-2 Largest exchange in the country Single payer legislation postponed California exchange overview California has a state-run health insurance exchange — Covered California — that is widely considered one of the most successful. And on the first day of open enrollment for 2018 coverage, California’s exc...

North Dakota health insurance marketplace: history and news of the state’s exchange

Highlights and updates Enrollment has increased every year since 2014 Medica exited exchange at end of 2017 Sanford and BCBS of SD remained in exchange 2018 rates were based on assumption that CSR funding would continue Even after CSR funding was cut, rates were not adjusted Approved 2018 rates were slightly lower than insurers proposed North Dakota exchange overview North Dakota did not establish its own exchange, so enrollments are completed via HealthCare.gov. However, the state has expanded Medicaid under the ACA. Open enrollment for 2018 coverage  began on November 1, 2017, and ended on December 15, 2017 . This was the first time that enrollments were not allowed (without a qualifying event ) after the start of the new year. All plans purchased during open enrollment took effect January 1, 2018. During the open enrollment period for 2018 coverage, 22,486 people enrolled in coverage through the North Dakota exchange. That’s more than 2 percent higher than the...