News ArchiveArchive of industry news from the global life insurance industry
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SCOR Global Life signs longevity deal with Aviva to safeguard pension plans
SCOR Global Life has signed a longevity deal with the UK-based insurer Aviva to transfer the risk of members of Aviva's staff pension plan to the reinsurance market.
ICICI Prudential Life unveils guaranteed wealth protector
ICICI Prudential Life Insurance Company has unveiled its new unit linked plan, ICICI Pru Guaranteed Wealth Protector.
MetLife rolls out new range of retirement services
MetLife has introduced a MetLife Max, a range of superannuation plans, in order to cater to the independent financial advisor market.
Financial Risk Solutions introduces new tool for life insurers
Financial Risk Solutions (FRS) has launched new Business Intelligence software, Invest|Pro Analytics, for life insurance companies.
Great-West Life gains permit to offer pooled registered pension plans
Canada-based Great-West Life, through its subsidiary London Life, has secured license from the Office of the Superintendent of Financial Institutions (OSFI) to administer pooled registered pension plans (PRPPs).
CNO agrees to divest Conseco Life Insurance to Wilton Re
CNO Financial Group has signed a deal to sell its complete share in Conseco Life Insurance Company (CLIC), the company’s wholly owned life insurance subsidiary, to Wilton Reassurance Company (Wilton Re).
Kotak Life Insurance rolls out new e-Lifetime Income Plan
Kotak Mahindra Old Mutual Life Insurance has introduced a new annuity product, Kotak e-Lifetime Income Plan, for regular life time income.
Allianz Life posts rise in 2013 operating profit
Allianz Life Insurance Company of North America has reported a 10% rise in its fiscal 2013 operating profit to $646m, compared to $586m in fiscal 2012.
Towers Watson rolls out RiskAgility FM
Towers Watson has launched a new financial modeling software product, RiskAgility FM, for life insurance companies across the world.
Standard Life reports drop in fiscal 2013 profit
Standard Life Financial has reported a net income of C$236m in fiscal 2013, a sharp decline from C$428m last year, reflecting lower benefits of one-off items.
Swiss Life reports rise in fiscal 2013 profit
Swiss Life has reported a net profit of CHF784m ($882m) in fiscal 2013, compared to CHF99m ($111.4m) last year.
Sun Life plans to relocate corporate headquarters
Sun Life Financial is set to relocate its corporate headquarters, consolidating employees located in two downtown Toronto offices into a new office at One York Street.
Dah Sing Life Assurance launches investment-linked scheme
Hong Kong-based Dah Sing Life Assurance Company (Dah Sing Life) has introduced new single-premium investment-linked assurance scheme, targeted towards clients intending to migrate to Hong Kong through the capital investment route.
CHOICe rolls out new online policy revival service
Canara HSBC Oriental Bank of Commerce Life Insurance Company (CHOICe) has launched an online service that enables customers to revive their policies.
John Hancock Insurance launches new Accumulation IUL offering
John Hancock Insurance has rolled out a new redesigned indexed universal life insurance product, Accumulation IUL.
YourLifeSolution.com launches new whole life insurance quote portal
YourLifeSolution.com, an online life insurance quote provider, has unveiled a new whole life insurance quote section within the company’s website.
Pan-American Life Insurance posts rise in fiscal 2013 profit
Pan-American Life Insurance Group has reported a rise in fiscal 2013 net income to $53m, compared to $24m last year.
Andesa selects Silanis to offer cloud-based solution for life insurance
Andesa Services, a provider of policy administration and support services for life insurance and annuity carriers and distributors, has selected Silanis Technology’s e-SignLive electric signatures to its Integrated New Business Portal.
New York Life rolls out new Asset Preserver
New York Life has introduced an enhanced Asset Preserver, a life insurance product designed to help cover the costs of long-term care.
MetLife launches enhanced income deferral rate and capital guarantee terms
MetLife is offering updated deferred income rates and capital guarantee terms to cater to the growing demand for its unit-linked guarantee products.
Pacific Life chooses marketing platform from Distribion
Pacific Life’s Life Insurance Division has chosen multi-channel, automated distributed marketing platform from Distribion for sales and marketing efforts.