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Suncorp Life to simplify its distribution model
Suncorp Life, which is part of Australia’s Suncorp Group, has said from mid-2016 it will no longer manage its self-employed, aligned adviser networks, Guardian Advice and Suncorp Financial Planning. By Jerome Walcott
Bright Grey rebrands to Royal London
Royal London, the largest mutual life, pensions and investment company in the UK, has rebranded its protection business, Bright Grey, to Royal London.
Aviva Asia appoints Wynthia Goh as digital director
Wynthia Goh has been appointed as digital director of Aviva Asia with immediate effect.The newly created role is part of Aviva’s strategy to strengthen its expertise in online customer engagement and rapidly expand its digital offering.
Attractive medium term prospects for Indonesian life sector - despite slowing GDP growth
Indonesia’s life insurance sector will continue to grow over the medium-term, despite the country’s slowdown in real GDP growth to 4.7% during the first three quarters of 2015, according to Fitch Ratings. Written by Jerome Walcott for LII
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Canara HSBC OBC Life Insurance unveils new policy
Canara HSBC Oriental Bank of Commerce Life Insurance Company has introduced a new life insurance plan, designed to secure the children's future financial needs.
Aetna International launches health insurance products for groups and individuals
Health insurer Aetna International has launched two new global health care products for individuals, families and groups around the world.
Swiss Re: Advanced markets set for life insurance growth
In-force real premium income for life insurance in advanced markets is forecast to rise by 2.4% and 2.6% in 2016 and 2017 respectively, up from about 2% this year, says Swiss Re’s Global insurance review 2015 and outlook 2016/17.
Partnership and Genworth to launch immediate need care annuity in US
Partnership has announced an agreement between its life company, Partnership Life Assurance Company and Genworth to launch a medically underwritten immediate annuity, comparable to Partnership’s UK Care Annuity.
Evergrande acquires 50% stake in life insurer GELC for $617m
Evergrande Real Estate Group, a China-based real estate developer, has purchased a 50% stake in a life insurance company GELC, for RMB3.9bn ($610m), as it looks to diversify into insurance business amid slowing property market in the country.
Deloitte: Career ‘myths’ deter many women from entering insurance industry
Many female business students are deterred from entering a career in insurance as a result of numerous industry myths, according to Deloitte.
SCOR Global Life makes several senior appointments
Life reinsurer SCOR Global Life has announced several senior promotions with immediate effect.
Fitch: Japan Post Insurance IPO ‘may spur competition’ in Japanese life sector
The IPO of Japan Post Insurance is unlikely to change the Japanese life insurance industry in the near future, according to Fitch Ratings.
CTBC considers purchasing stake in ABC Life Insurance
Taiwan-based CTBC Financial Holding is mulling to buy a 19.99% stake in ABC Life Insurance in a transaction valued at TWD8.5bn ($258.8m).
The cyberattack risk for health insurers
Health insurers are particularly attractive targets for cyberattacks as the magnitude of information stored about their clients is much more than that held by banks or credit card companies, according to a report from Timetric’s Insurance Intelligence Center.
AIG Life unveils care cover with whole-of-life insurance
AIG Life has launched a whole-of-life insurance offering designed to protect customers’ assets should they no longer be able to live independently or leave a financial legacy to loved ones when they die.
Manulife Singapore makes two senior appointments
Manulife Singapore has made two senior appointments by naming Neil Bowyer as chief bancassurance officer and appointing Arijit Chakraborty as its chief legal and compliance officer.
Australia gov sets out life insurance reform package
Australia’s government has announced the final reform package dealing with remuneration arrangements in the life insurance advice sector.
ABI conference: ‘Work still to be done on Solvency II’
Sam Woods, executive director for insurance supervision at the Prudential Regulation Authority (PRA) has told insurers at the UK’s ABI conference there is “still work to be done” on Solvency II.
John Hancock to buy assets of Transamerica broker dealer unit
John Hancock Financial Network (JHFN), a retail distribution company of John Hancock Life Insurance, has inked an agreement to purchase certain assets of St. Petersburg, Florida-based Transamerica Financial Advisors (TFA).