News ArchiveArchive of industry news from the global life insurance industry
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Allianz officially launches in the Moroccan insurance market
The Allianz Group has officially cemented its presence in the Moroccan insurance market by launching Allianz Maroc.
Vitality to offer investment products in late 2017
Vitality, the life and health insurer, has revealed it plans to launch a suite of investment products towards the end of 2017.
Tesco Bank withdraws from life insurance market
Tesco Bank has decided to withdraw from the life insurance market to focus on its “areas of core strength”.
TV debate proposed to take Seven Families project ‘to next level’
The Income Protection Task Force (IPTF) is proposing two new areas for the industry to consider supporting that would provide a ‘strong follow-up’ to the first Seven Families (7F) project.
Scottish Widows Protect updates critical illness definitions
Scottish Widows has updated the critical illness definitions for Scottish Widows Protect, its intermediary proposition.
Zurich Germany appoints Columbia Threadneedle to manage ESG mandate
Zurich Germany has appointed Columbia Threadneedle to manage its new European equity ESG (Environmental, Social and Governance) strategy.
LIMRA: More Americans buying life insurance directly from insurers
More consumers in the US than ever before have purchased individual life insurance policies directly – rather than from a financial professional – according to a study by US-headquartered insurance association, LIMRA.
Australia's Qantas airline and TAL partner to offer life insurance
Australian airline Qantas has reportedly partnered with Australian insurance specialist TAL, which is part of the Dai-ichi Life Group, to offer a new range of life insurance products.
ABI calls on UK gov to introduce income protection tax break
The Association of British Insurers (ABI) has called on the government to introduce a tax incentive for employers purchasing group income protection (GIP), which could extend coverage to a further 1.5m employees in the UK.
Paws for thought: RSA invests in wearable tech for dogs
Insurer RSA has invested in FinTech company Pitpatpet, which makes the PitPat, a wearable activity monitor for dogs.
SunLife partners with Junction to offer motor and home insurance
Junction, BGL Group’s partnerships business, has signed a five-year contract to provide home and motor insurance products for SunLife.
Insurance customer satisfaction rises– but consistency needed across channels
Customer satisfaction in the insurance sector has increased over the past year, reveals the UK Customer Satisfaction Index (UKCSI), which is published by The Institute of Customer Service.
IP provider British Friendly launches mutual benefits programme
British Friendly has launched a benefits programme for both new and existing members, which aims to complement their income protection cover.
China Life launches ‘love insurance’
Chinese life insurer, China Life, has launched ‘love insurance’ for young romantics – meaning love can be a bed of roses this Valentine’s Day.
InsurTech deals rise 32% YoY in 2016
Investment in InsurTech maintained its velocity throughout 2016 with a 32% YOY increase in the number of deals, and a total of $1.69bn invested in the space last year, according to new research.
Timetric: Japanese life insurers explore foreign growth opportunities
The gross written premium of the Japanese life segment is forecast to increase from JPY28.3trn ($248.9bn) in 2015 to JPY30trn in 2020, according to Timetric’s Insurance Intelligence Center (IIC).
PwC: Insurance more affected by disruptive change than banking and healthcare
Insurance CEOs are more concerned than leaders in any other industry about the combined threats to their growth prospects, according to findings from the 20th annual PwC global CEO Survey.
Insurance legislation covering fertility of cancer patients introduced in California
US senator Anthony J. Portantino has introduced legislation in California that requires insurance policies to include fertility protection for patients undergoing cancer treatments and other diseases requiring aggressive treatments.
Timetric: analytics is key to Big Data revolution in insurance
With the rise in Big Data, insurance policies are likely to be individually tailored in future as insurers promote products based on their knowledge of interests or geo-location, according to analysis by Timetric’s Insurance Intelligence Center (IIC).
Chinese regulator tightens insurers' stock market investments
The China Insurance Regulatory Commission (CIRC) has issued a circular stipulating guidelines for investment in securities by insurance companies.
ABI’s health insurance guide promotes PMI and cash plans
The Association of British Insurers (ABI) has launched a health insurance guide for consumers.