A Timetric briefing service

News Archive

Archive of industry news from the global life insurance industry

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December 2016

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Royal London agrees screening deal with Square Health
09 December 2016 Square Health has agreed a deal with Royal London to provide doctor and nurse screening services for the insurer.

AI and drones among top ten start-ups selected for Startupbootcamp InsurTech
06 December 2016 Startupbootcamp InsurTech has revealed the top ten technology start-ups that will participate in its 2017 acceleration programme.

L&G partners with digital healthcare provider in ‘wellness drive’
05 December 2016 Legal & General has partnered with UK-based digital healthcare service, Doctor Care Anywhere, to offer virtual access to GPs for existing group income protection (GIP) customers.

PMI’s role highlighted amid potential GP practice closures and NHS delays
05 December 2016 UK-based mutual society National Friendly has called on healthcare brokers to ensure their clients are adequately protected in the face of rising NHS delays and potential GP practice closures.

Aetna International launches Asia innovation hub
05 December 2016 Aetna International has established an innovation hub for Asia, which is based in Singapore.

Fitch warns of negative sector outlook for UK life market in 2017
02 December 2016 Fitch Ratings has warned that threats to profitability from regulatory scrutiny into how insurers treat their customers, and sustained low investment yields, contribute to a negative sector outlook for UK life insurance in 2017.

Charles Taylor InsureTech opens LatAm Centre of Excellence
01 December 2016 Charles Taylor InsureTech is opening a Centre of Excellence in Mexico to offer insurance technology consultancy and expertise in the Latin American region.

November 2016

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LII InsurTech Forecast Survey 2017 - Have your say!
30 November 2016 As the digital revolution catches up with the global life insurance industry, have your say how InsurTech will impact the market in 2017 by completing the 3-minute survey below.

Canadian life insurers make concession on genetic testing
30 November 2016 Canada’s life insurance industry has reportedly said it will ignore the genetic test results of individuals applying for $250,000 or less of coverage – after a bill banning genetic discrimination won approval.

Fitch: FCA proposal would Increase UK annuity price competition
30 November 2016 The Financial Conduct Authority (FCA)'s proposal to make it easier for consumers to compare different providers in the annuity market will increase competition and put further pressure on the profit margins of UK life insurers, says Fitch Ratings.

Zurich speeds up protection applications by introducing e-signatures
29 November 2016 Zurich has begun introducing e-signatures – thereby allowing customers to provide immediate consent for their GP to share their medical data with the insurer.

Lombard International receives Singapore licence approval
29 November 2016 Lombard International, a global life insurance-based wealth solutions provider, has announced that the Monetary Authority of Singapore (MAS) has approved the Financial Adviser’s Licence for its Singapore subsidiary, Lombard International Singapore Pte.

Video advent calendar giving protection insurance tips launched
28 November 2016 UK-based Cura Financial Services has launched a video advent calendar showcasing a daily tip for people looking for protection insurance.

Euro insurers to adjust product structures given low interest rates
28 November 2016 Despite falling interest rates, S&P Global Ratings has not seen significant shifts in insurers' investment mixes. Instead, the ratings agency said insurers are modifying their product structures to take account of lower rate expectations.

Startupbootcamp InsurTech invites 23 global start-ups to selection days
28 November 2016 Startupbootcamp InsurTech has announced the top 23 globally diverse start-ups chosen to participate in its selection days on 29 and 30 November.

Calling all life insurers - LII to hold digital health roundtable with babylon Health
24 November 2016 Life Insurance International (LII) plans to hold a roundtable with online health provider, babylon Health, (www.babylonhealth.com) themed - the digital health opportunity for life insurers.

China's Tencent and partners to launch $217m online life insurer
24 November 2016 Chinese internet services provider Tencent Holdings and a group of seven investors have reportedly moved closer to launching a CNY1.5bn ($217m) HeTai Life Insurance, an online life insurer in China.

Zurich: SMEs’ cyber risk awareness rises
23 November 2016 The risks posed by cyber-crime are a fast-growing concern for small and medium-sized enterprises (SMEs), according to Zurich Insurance Group’s fourth annual global SME survey.

FCA chief highlights challenges for insurance in a Big Data world
22 November 2016 Andrew Bailey, chief executive of the UK’s FCA, has highlighted the challenge for insurers in a Big Data world – and questioned how genetic identification could impact the life insurance sector.

MetLife to open global technology campus in Ireland
22 November 2016 MetLife plans to open a global technology campus in the Irish city of Galway to support its customers and technologists around the world.

Vitality launches one-stop-shop adviser website
21 November 2016 Vitality has launched a new adviser website, which details product information across VitalityHealth and Life including Vitality partners and rewards.


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