A Timetric briefing service

News Archive

Archive of industry news from the global life insurance industry

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November 2014

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US proposal to improve health insurance market
27 November 2014 The US-based Centers for Medicare & Medicaid Services (CMS) has proposed a rule to improve consumers’ experience in the health insurance marketplace by increasing plan transparency, as well as implementing several Affordable Care Act provisions on payment parameters for issuers and marketplaces.

ACE appoints Blain Waterford to new accident and health business role in Asia-Pac
26 November 2014 ACE Group has appointed Blain Waterford to the newly created role of vice president and deputy head of its accident and health business in Asia Pacific.

SCOR Global Life makes string of new appointments
26 November 2014 SCOR Global Life has promoted Marc Archambault to CEO of Asia-Pacific – among a series of promotions by the life reinsurer.

Swiss Re: Global life premium growth expected at 4.3% in 2015
25 November 2014 The life insurance sector will be notably stronger in both the advanced and emerging markets, and global in-force premiums are forecast to increase by 4.8% this year, and by around 4% in 2015 and 2016, according to Swiss Re.

Principal Financial Group launches new variable annuity
25 November 2014 US-based Principal Financial Group has released its latest variable annuity product to help customers meet their changing needs while being financially confident.

Aviva and Friends Life reveal potential merger plan
24 November 2014 The boards of Aviva and Friends Life have reached agreement on the key financial terms of a possible merger.

Target Group warns that insurers can be slow to adapt
21 November 2014 Over three quarters (76%) of insurance marketing professionals believe they are too slow taking new products or services to market and struggle to keep pace with ever-changing consumer demands.

VitalityLife launches three protection products
21 November 2014 VitalityLife, the new name for PruHealth and PruProtect, has launched three new protection products: LifestyleCare Cover; a short term income protection option; and Mortgage Plus Plan

MetLife rolls out new investment-focused variable annuity plan
21 November 2014 MetLife, a US-based life insurer, has released a new investment-focused variable annuity plan to meet the requirements of investors.

Life insurers urged to tackle product complexity to help reduce protection gap
20 November 2014 With the life insurance coverage gap appearing to widen, a report from the Geneva Association - an international insurance think tank -has recommended that insurers embrace technology to improve the customer experience and reduce perceived product complexity.

NAB hires Deloitte to facilitate sale of life insurance business
20 November 2014 National Australia Bank (NAB) has reportedly hired Deloitte to gather more detailed financial information about its $1.4bn life insurance business, in order to divest the business.

LIMRA: Most workplace life insurance customers are Gen X or Y
19 November 2014 Most workplace life insurance customers are generations X or Y, and tend not to shop around for life insurance, according to a LIMRA study.

MetLife concludes integration of US life insurance subsidiaries
18 November 2014 MetLife has concluded the merger of its life insurance subsidiaries to establish a new entity, known as MetLife Insurance Company USA.

5Star Life chooses Apptical for tele-underwriting services
18 November 2014 5Star Life Insurance Company (5Star Life) has chosen Apptical to serve as a vendor of choice for tele-underwriting services for its final expense product, Silver Premier Choice.

Bupa and Hang Seng Bank team up in Hong Kong
18 November 2014 Hang Seng Bank and Bupa have launched insurance products and services that include a joint wellness-themed credit card and a health concierge service.

AIG names Charlie Shamieh as CEO for life, health, and disability insurance
17 November 2014 AIG has appointed Charlie Shamieh as CEO for life, health, and disability insurance.

Reliance Mutual launches online protection brand
17 November 2014 Reliance Mutual has launched a new online brand called, There, which is aimed at families that provides two covers in one via a combination of too ill to work and life insurance.

Anthem buys stake in Life Insurance Buyers
17 November 2014 Anthem Management has bought a certain stake in Kansas-based Life Insurance Buyers (LIB) for an undisclosed sum.

Cathay Financial Holdings to acquire Conning
13 November 2014 The life insurance subsidiary of Taiwan’s Cathay Financial Holding - Cathay Life – has agreed to acquire global investment manager, Conning Holdings.

ABI names Barry O'Dwyer as chairman of long term savings and life insurance committee
12 November 2014 The Association of British Insurers (ABI) has appointed Barry O’Dwyer as the new chairman of the Long Term Savings and Life Insurance Committee (LTSLIC).

KiwiCover launches life insurance calculator
12 November 2014 New Zealand’s KiwiCover, an online life and health insurance provider, has launched a life insurance calculator to calculate the amount of life cover a person ought to have.