Canada to ban Huawei, ZTE 5G equipment, joining Five Eyes allies

“We intend to exclude Huawei and ZTE from our 5G networks,” Industry Minister Francois-Philippe Champagne told reporters in Ottawa. “Providers who already have this equipment installed will be required to cease its use and remove it under the plans we’re announcing today.” Champagne added that companies will be required to remove their 5G gear by … Read more

The most complained about life insurers in South Africa

The office of the Ombudsman for Long Term Insurers (OLTI) has published its annual report for 2021, showing which life and other long-term insurers have drawn the most complaints from policyholders over the last year. For the 2021 review period, the ombud received 17,379 requests for assistance, a 22% increase from 14,198 requests it received … Read more

China tries to make nice with Big Tech as economic challenges mount

In a rare public display of support for the private sector, Vice Premier Liu He said Tuesday that the government would “properly manage” the relationship between the government and the market, and back tech companies to list in both domestic and foreign markets. Liu is a top economic adviser to President Xi Jinping. He was … Read more

How a smart home can get you a discount on homeowners insurance

This article is reprinted by permission from NerdWallet. A smart thermostat can turn up the heat in your home before you roll out of bed. A smart speaker can play your favorite podcasts with a voice command. A smart lightbulb can be turned on or off from across the room. But smart-home devices aren’t just … Read more

Elon Musk proves once again that rules, norms don’t apply to him

New York CNN Business — How do you regulate a man’s worth more than $200 billion who thinks he knows better than everyone else? The simple answer is: You don’t. Elon Musk has once again proven he’ll do things his own way, announcing Friday that his $44 billion deal to buy Twitter is on hold. … Read more

More car insurance claims are being denied in South Africa because of this clause

Data from the Ombudsman for Short-Term Insurance (OSTI) shows that an increasing number of motor vehicle accident insurance claims are being rejected and disputed on the basis of the ‘reasonable precautions’ clause in insurance policies. In fact, the OSTI recently found in favor of an insurer, where an expert calculated that the insured drove above … Read more

Pendella to Bring Individual Life Insurance Offerings to SpiritHR Technology Platform | News

FORT MYERS, Fla., May 17, 2022 (GLOBE NEWSWIRE) — Pendella Technologies, a fast-growing technology company on a mission to take the bias out of life insurance, and HR services provider SpiritHR will partner to expand the availability of life insurance to employees nationwide. The partnership enables SpiritHR to integrate Pendella’s white-labeled technology platform into its … Read more

The most complained-about insurers in South Africa

The office of the Ombudsman for Short-term Insurance (OSTI) has published its annual report for 2021, showing which insurance companies in South Africa drew the most complaints last year. In 2021 OSTI closed 10,879 complaints, 0.7% more than in 2020. The OSTI recorded a resolved ratio, also known as an overturn ratio, of 18%, the … Read more

Meet the insurtech: Onuu | Digital Insurance

It’s pronounced “on-you.” Onuu, a startup banking, credit and life insurance platform founded in September, is preparing to launch this summer with a mission to serve 166 million Americans of modest means who may be excluded from traditional insurance and financial services. Asked why “on you,” co-founder and CEO Felix Ortiz says the name stands … Read more

NEXT Insurance: 2022 CNBC Disruptor 50

Founders: Guy Goldstein (CEO), Nissim Tapiro, and Alon Huri Launched: 2016Headquarters: san franciscoFunding: $881 millionRating: $4 trillionKey technologies: Artificial intelligence, machine learningIndustry: InsurancePrevious appearances on Disruptor 50 List: 0 Small business owners, like everyone else, are doing more online these days. Consumers can get auto or home insurance, even a mortgage, with a few clicks, … Read more