Singapore is confronted with the "twin demographic challenges of a...
Category:
Life
Latest
Hinduja Group to delist Reliance Capital from bourses, shares to be extinguished
“The liquidation value of the equity shareholder of RCL (Reliance...
NCLT approves Hinduja Group firm IndusInd International Holdings’ resolution plan for Reliance Capital
However, no final decision on the matter can be taken by the...
UK Financial Services sector remains resilient ahead of Brexit: Research
Britain’s financial sector wants the EU to grant at least some form of basic access to the bloc after the transition ends, though more than 300 banks, insurers and asset managers have opened hubs in the bloc in case this does not happen.
Regulator weighs halting Japan Post Insurance sales – Nikkei
Japan Post is conducting an internal investigation after discovering thousands of cases of improper sales. Once the probe is concluded, Japan Post Insurance has said it will consider imposing punishments such as disqualifying insurance agents who violated the law or internal rules.
China to allow 100% FDI in life insurance sector from Jan 2020
Currently, there are at least 28 foreign owned life insurers in China, with AIA being the only company to have a 100% shareholding.The first wholly owned foreign insurance operations were granted almost a year ago, when Axa bought out its domestic joint-venture partner and within the last few weeks Allianz won initial approval to set up a wholly owned holding company. AIA also owns its China business outright, but it was grandfathered in under a licence that pre-dated the restrictions
Willis Towers Watson launches new software for IFRS 17
“Regulatory and other reporting requirements are driving the pace of change, in particular IFRS 17, with data, governance controls, process automation and dissemination of information at the top of the agenda,” said Andy Teale, Global IFRS 17 P&C Technology Leader, at Willis Towers Watson.
IRDAI seeks suggestions from industry players on FDI hike
HDFC Life Insurance Company, SBI Life Insurance Company and ICICI Prudential Life Insurance Company gained more than 2 percent each, while General Insurance Corporation of India climbed 4 percent and New India Assurance Company rose 7.8 percent.
AXA XL appoints Stephen Nguyen as Client Management Leader, Asia
Craig Langham, regional hub leader, Asia Pacific- Insurance added: “Asia is fast evolving, with disruptive technologies and emerging risks impacting traditional business models. Clients now look beyond current risks to ensure they are prepared for the risks of tomorrow, and there have never been more opportunities for AXA XL to make a difference to our clients and brokers. Growing our client and distribution team is one of the ways that we demonstrate our commitment to the market”
LI Council launches “#Sabse Pehle Life Insurance”, a nationwide insurance awareness campaign
The Rs 100 crore campaign is being launched through a 360-degree approach with use of both conventional and digital mediums, with simple, but very clear messaging through interesting advertisements, which will be adapted in 11 languages for a nationwide appeal. The advertisement showcases how we instinctively adopt protection through safety behaviours in our daily routine and how buying a life insurance cover is a natural extension of such behaviour to safeguard our financial needs
Insurers need profound transformation and the right talent, reveals EY Insurance Outlook 2020
Insurers agree that talent is the “secret sauce” to maximize returns on investments in technology, digital transformation and new business models. But with the industry struggling to attract the right talent, the report finds that insurers need to either reposition themselves as technology firms or proactively communicate on why the industry matters, what value it brings to society and the overall appeal of an insurance career.
Postmen, grameen dak sevaks may soon start selling insurance policies
“These postmen and grameen dak sevaks will be operating largely in un-banked and under-banked geographical areas and can provide the last mile reach to sell insurance products in remote and rural areas,” Irdai said.
U.K. investment firm Centricus forms insurance venture with Ex-Goldman partner
Centricus is targeting for the business to manage about $100 billion of assets under management for the unit and is already scouting for deals in Europe, co-founder Dalinc Ariburnu said in a phone interview Thursday.Centricus is seeking to replicate the model that Apollo Global Management Inc. created with Athene Holding Ltd., Ariburnu said.