A Timetric briefing service

News Archive

Archive of industry news from the global life insurance industry

News By Date

July 2015


Aviva offers business protection cover to the market
06 July 2015 Financial advisers will be able to apply for business protection for their clients through Aviva, using the personal protection product, Life Insurance Options.

Cigna launches UK over-50s life plan for affinity partners’ customers
06 July 2015 Cigna Insurance Services (Cigna), a UK provider of specialist insurance and affinity marketing services, has launched its first stand-alone life insurance product, the Cigna Over 50s Life Plan.

BRI shortlists three bidders for 40% stake in life insurance unit
06 July 2015 Bank Rakyat Indonesia (BRI) has reportedly shortlisted three bidders for a 40% stake in its life insurance business BRIngin Life that may generate approximately $500m.

Abraaj Group divests stake in Kenyan insurer UAP
06 July 2015 Private equity investor, the Abraaj Group, has completed the full exit of its investment in Pan-African insurer UAP Holdings by selling its 13.6% stake to insurance group Old Mutual.

Future Generali India Life Insurance launches Assured Education Plan
03 July 2015 Future Generali India Life Insurance (FGILI) has rolled out a new non-linked and non-participating, guaranteed insurance policy known as the Assured Education Plan.

Majesco research indicates UK insurance market fails on customer expectations
02 July 2015 Research from insurance software provider Majesco indicates that the UK insurance market is failing to deliver on customer expectations.

BNP Paribas Cardif appoints Vincent Sussfeld as CEO for Asia
02 July 2015 BNP Paribas Cardif, the insurance arm of BNP Paribas for protection and savings businesses, has appointed Vincent Sussfeld as CEO for the Asian region, with immediate effect.

Fitch: Euro insurers well positioned to absorb Grexit impact
01 July 2015 European insurers should be able to absorb the potential shocks from a Greek exit from the eurozone, according to Fitch Ratings.

June 2015


Sun Life of Canada (Philippines) wins Timetric customer experience award
30 June 2015 Sun Life of Canada (Philippines) has won the best customer experience award for insurance at the Timetric 2015 Customer Experience in Financial Services Asia (#CXFSAsia) Awards.

ABI responds to UK gov’s secondary annuity market proposals
29 June 2015 The Association of British Insurers (ABI) has set out what is needed to ensure that the UK government’s plans to create a secondary market for the selling of annuities can work for consumers.

Delta Lloyd inks €12bn longevity risk transfer arrangement with RGA
29 June 2015 Delta Lloyd, a Dutch insurance, pensions and investments firm, and Reinsurance Group of America (RGA) have reached an index-based longevity swap transaction agreement.

AIA Singapore Launches The Real Love Never Stops branding Campaign
25 June 2015 AIA Singapore has launched a branding initiative called The Real Love Never Stops campaign to communicate that the life insurance provider understands customers and the real life issues they face.

Standard Life to close Singapore insurance unit
25 June 2015 Standard Life has reportedly decided to shut down its insurance operations in Singapore, subject to regulatory approvals.

Fubon Life Insurance to acquire 48% stake in Hyundai Life Insurance
24 June 2015 Taiwan's Fubon Life Insurance, a subsidiary of Fubon Financial Holdings, has reportedly bought a 48% stake in South Korea's Hyundai Life Insurance for nearly NT$6.12bn.

Magic Johnson Enterprises completes acquires EquiTrust Life Insurance
24 June 2015 Magic Johnson Enterprises (MJE) has completed the acquisition of a majority, controlling interest in EquiTrust Life Insurance, a $14.5bn financial services company.

Swiss Re: global life premiums up by 4.3% in 2014
24 June 2015 The global life insurance sector returned to positive growth in 2014, with premiums up 4.3% to $2.66trn after a 1.8% decline in 2013, according to Swiss Re's latest sigma study.

Study reveals ‘alarming’ rate of cancellations in over 50s market
22 June 2015 Royal London has said a study it commissioned highlights the extent to which some UK insurance providers are abandoning over 50s life insurance customers at a critical time, as they struggle to keep up payments.

Beagle Street calls for a national Life Insurance Day
18 June 2015 Online life insurer Beagle Street has joined with consumer champion Jasmine Birtles in calling for today, Thursday 18 June 2015, to be a national ‘Life Insurance Day’.

Empire Life partners with MedExtra to offer health concierge service
18 June 2015 The Empire Life Insurance Company has struck an agreement with MedExtra to offer a health concierge service to customers who add Empire Life group critical illness to their benefits plans.

LV= joins UnderwriteMe’s comparison service
18 June 2015 Insurer LV= has confirmed it is to join the UnderwriteMe comparison service. UnderwriteMe is a UK-based protection technology business, which enables intermediaries to obtain Underwritten “buy now” or estimated prices and benefits using one application process.

Legal & General extends alliance with Intrinsic Financial Adviser Network
17 June 2015 Legal & General (L&G) has extended its partnership with the Intrinsic Financial Adviser Network, which will allow Intrinsic advisers access to L&G’s protection products.