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Top concerns for insurance CEOs revealed in PwC survey
Insurance CEOs see technological change, new market entrants and over-regulation as the main threats to growth, according to PwC’s 19th Annual Global CEO Survey.
Manulife appoints Glenn Hollis as chief marketing officer for Canada
Manulife has appointed Glenn Hollis as senior vice-president and chief marketing officer, Canadian Division for Manulife.
Timetric: Strong growth potential for Vietnam’s life insurance sector
The gross written premium of Vietnam’s life insurance sector is set to rise from VND 27.3trn ($1.2bn) in 2014 to VND49.9trn in 2019, according to a report published by Timetric’s Insurance Intelligence Center (IIC).
Macquarie Research warns that L&G’s annuity business is more challenging post Solvency II
Macquarie Research has assigned an underperform recommendation to Legal & General citing that its annuity business is more challenging post Solvency II.
Canadian online retiree marketplace for health and life insurance benefits to be launched
Human resources consulting and technology company Morneau Shepell is to launch Canada's first online health and life insurance benefits marketplace for retirees in 2016.
Manulife makes senior appointments in Hong Kong and mainland China
Manulife has announced new appointments to its Greater China management team in Asia, including senior leadership changes in its Hong Kong operations and its life insurance joint venture in China.
Aviva’s new business protection products in tax rule spotlight
Concern has reportedly emerged whether Aviva’s new business protection products are allowable within tax rules.
ICAEW: Big data could mean some people become uninsurable
New technology means some people will become uninsurable – and society needs to decide what to do about it, according to a new report from the Institute of Chartered Accountants in England and Wales (ICAEW).
Competition rated as top challenge facing Mena insurance market
Competition and socio-political conditions are perceived as the key challenges facing the Mena insurance market, according to a survey undertaken by the MENA Insurance CEO Club (MICC).
Fitch poll: Solvency II disclosure ‘top priority’ for UK life insurers
Solvency II disclosure and capital management have been ranked as the top two priorities for UK life insurers in 2016, according to an audience poll at the Fitch Ratings Insurance Roadshow in London.
Guardian completes Avesis Acquisition
US life and dental insurer, Guardian, has completed the acquisition of Avēsis, a US government contract vision, dental and hearing provider.
Tokio Marine gains approval to raise stake in Indian life insurance vehicle
Tokio Marine Holdings has been granted approval by the Indian authorities to raise its stake in Edelweiss Tokio Life Insurance Company from 26% to 49% through its wholly owned subsidiary, Tokio Marine & Nichido Fire Insurance Co (TMNF).
LIMRA behavioural study: Social norming message improves attitudes about life insurance
A behavioural economics study by US-headquartered insurance association, LIMRA, has found consumers are more likely to buy life insurance when people similar to themselves own coverage.
LeapFrog acquires majority stake in Ghanian life insurer
Leapfrog Investments, a specialist investor in emerging markets, has reportedly acquired a majority stake in Ghana’s UT Life Insurance
Sumitomo Life receives regulatory green light to acquire Symetra
Japan’s Sumitomo Life has received all the necessary regulatory approvals to acquire US-based Symetra Financial Corporation.
EIOPA elects Fausto Parente as executive director
The board of supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) has selected Fausto Parente to become the authority’s second executive director.
Aviva launches two business protection products
Aviva has launched two business protection products on the Aviva Life Protection Solutions (ALPS) online platform.
Deloitte: UK life insurance profits set to grow by £1.5bn to 2025
Life insurance profits in the UK are estimated to grow by £1.5bn ($2.1bn) from £6.6bn to £8.1bn between now and 2025, according to Deloitte.
Insurance Europe highlights ‘concerns’ on GSII methodology
Insurance Europe has responded to an International Association of Insurance Supervisors (IAIS) consultation on the methodology for identifying global systemically important insurers (G-SIIs).
Life insurance 2026: Rise of the robo-advisers
Robo-advisers – online wealth management services that provide automated algorithm-based advice without the use of human financial planners – could offer life insurance products within the next 5 to 10 years, according to research by Life Insurance International (LII).
FDI rule change to transform India’s life insurance market
India’s life insurance market is forecast to increase from INR 3.5trn ($56.8m) in 2014 to $5.8trn in 2019, driven by the rise of foreign direct investment, rising life expectancy and the introduction of new distribution channels.