A Timetric briefing service

News Archive

Archive of industry news from the global life insurance industry

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April 2015

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BF&M sells international life insurance arm to Valor Group
24 April 2015 Bermuda-based insurance firm BF&M has sold its international life insurance division, Bermuda International Insurance Services, to Valor Group- a financial services company which owns European life insurance products firm Valorlife.

Prudential Life Insurance Ghana, Societe Generale Ghana ink partnership deal
24 April 2015 Prudential Life Insurance Ghana has struck a long-term partnership with Societe Generale Ghana, with an aim to jointly develop their businesses in Ghana.

Philippine National Bank to sell life insurance stake for up to $500m
23 April 2015 Philippine National Bank (PNB) is reportedly selling 40% or more in Philippine Life Insurance (PNB Life), in a deal that could raise as much as $500m.

Future Generali India launches assured money back plan
23 April 2015 Future Generali India Life Insurance Company has launched a new non-linked and non-participating money back plan.

UBI, Dena Bank partner with insurers
22 April 2015 Union Bank of India (UBI) has joined forces with Star Union Dai-ichi Life Insurance and New India Assurance for offering life and accidental death insurance policies respectively to its account-holders.

GSAM survey highlights investment challenge for insurers
22 April 2015 Goldman Sachs Asset Management’s (GSAM) annual insurance survey has found the most pessimism among insurers in four years as they struggle to identify attractive investment opportunities.

PartnerRe appoints Keng Hong Chan as life market head for Asia.
21 April 2015 He will be responsible for developing and growing PartnerRe’s life reinsurance business in Asia.

Dah Sing Life Assurance Company selects eBaoTech’s data warehouse solution
21 April 2015 Hong Kong’s Dah Sing Life Assurance Company has chosen eBaoTech Data Warehouse solution to support decision making for daily operation of its middle and senior management.

Life Insurance International 2015 survey forecasts rising protection sales
20 April 2015 Over 60% of respondents to the Life Insurance International 2015 outlook survey expect life insurance sales to rise over the next year, with term life assurance likely to the most popular protection product.

Aviva launches digital protection platform for advisers
17 April 2015 Aviva has launched a digital protection platform for advisers claiming it offers a ‘slicker, quicker quote and apply’ system.

Prudential Financial launches accident insurance product
16 April 2015 Prudential Group Insurance, a business of Prudential Financial, has launched an accident insurance product.

HC2 to buy American Financial Group’s long-term care and life insurance businesses
15 April 2015 HC2 Holdings has inked a definitive agreement for the acquisition of United Teacher Associates Insurance Company and Continental General Insurance Company, American Financial Group’s long-term care and life insurance businesses.

LIMRA: Americans overestimate the cost of life insurance
15 April 2015 Cost is the reason most Americans give for not owning life insurance, according to the 2015 Insurance Barometer Study, released by US-based research organisation, LIMRA, and non-profit organisation, Life Happens.

LIC, IDBI sign MoU to offer life insurance scheme
14 April 2015 Life Insurance Corporation of India (LIC) and IDBI Bank have signed a memorandum of understanding (MoU) to implement the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJBY) for IDBI’s savings bank account holders.

Generali appoints Jack Howell as regional officer for Asia
14 April 2015 Generali Group has appointed Jack Howell as its new regional officer for Asia. Howell will be responsible for Generali Asia’s insurance operations in both life and property and casualty businesses. He will drive Generali’s growth plans in Asia covering ten markets.

Insurers urged to integrate social media strategies with CRM
13 April 2015 Although 70% of insurers worldwide currently use social media, only some insurers have integrated social media with customer relationship management, according to the Timetric report, Insurers’ engagement with Social Media, which is available at the Insurance Intelligence Center.

Swiss Re: Group risk insurance continues strong growth in UK
10 April 2015 Growth in the UK group risk insurance market continued in 2014, according to Swiss Re's Group Watch 2015 report.

DBS Bank and Manulife agree 15-year regional life bancassurance partnership
09 April 2015 Singapore-headquartered DBS Bank and Manulife Financial Asia have entered into a 15-year regional distribution agreement covering Singapore, Hong Kong, China and Indonesia.

SunLife appoints Mark Jones to lead its protection business
08 April 2015 SunLife has appointed Mark Jones, previously head of protection at LV= to lead the development of its protection retail business.

Take part in the Life Insurance International 2015 outlook survey
08 April 2015 Life Insurance International is conducting an industry wide 2015 outlook survey of the global life and health insurance - and urging all players in the sector to participate.

Unum broadens its appeal beyond income protection
08 April 2015 Unum’s head of proposition development, Andrew Potterton, says the provider now wants its life insurance and critical illness cover credentials to be known as much as its income protection expertise.