A Timetric briefing service

News Archive

Archive of industry news from the global life insurance industry

News By Date

October 2016


Kiwi health insurer to implement dacadoo’s digital health score platform
25 October 2016 New Zealand’s largest health insurer, Southern Cross Health Society, has signed an agreement to implement dacadoo’s health score platform as the foundation to its new workplace wellbeing proposition.

Insurance Europe warns against protectionist (re)insurance restrictions
24 October 2016 Insurance Europe, the European insurance and reinsurance federation, has warned that protectionist policies against foreign (re)insurers by jurisdictions can create concentration risks in their economies and restrict the development of their (re)insurance markets.

Royal London expands its Helping Hand service
20 October 2016 Royal London has expanded its Helping Hand service, which is provided at no extra cost to protection plans policyholders, by adding five features.

55% of European insurers looking to diversify risk in low-interest environment
19 October 2016 A survey of 100 major UK and European insurers has found that 55% plan to diversify their portfolio risk over the next 12 months to contend with historically low interest rates.

Bupa launches IPMI products for UK businesses
18 October 2016 Bupa Global, the international health insurance arm of Bupa, has launched a range of tiered international private medical insurance (IPMI) products available to UK businesses.

Nigel Walsh join’s Deloitte’s insurance practice
17 October 2016 Deloitte has appointed InsurTech expert, Nigel Walsh, as a partner in its insurance practice.

ABI’s regulation chief: reaping Brexit benefits means clearing trade obstacles
17 October 2016 The ABI’s director of regulation, Hugh Savill, has said if the UK is to reap the positive benefits of Brexit, it needs trade mechanisms to break down the barriers that exist for financial services.

Post-Brexit, ABI pinpoints scale of EU insurance-related legislation
14 October 2016 An analysis by the Association of British Insurers (ABI) has revealed around 80 pieces of EU legislation that have a particular impact on the UK insurance sector and long term savings industry.

Majesco partners with Life.io to improve insurers’ client engagement
13 October 2016 Insurance software company Majesco has partnered with US digital consumer engagement platform, Life.io.

Willis Towers Watson strengthens its UK life team with senior appointment
13 October 2016 Willis Towers Watson has appointed Colin Forrest to lead its life team in the UK.

Charles Taylor InsureTech expands senior team
13 October 2016 Charles Taylor InsureTech, which is Charles Taylor’s independent insurance technology business, has bolstered its senior team with the appointment of Dave Smith to the newly created role of business development director and Adam Harrison to the role of sales manager.

VitalityHealth launches workplace wellness programme for SMEs
12 October 2016 VitalityHealth has launched a workplace wellness programme called Vitality Healthy Workplace, which is designed for the small and medium-sized enterprise (SME) market.

Aegon awards business process contract to Atos UK&I
12 October 2016 Life and pensions provider Aegon has signed a thirteen year contract with digital services company Atos UK&I to further improve the protection business processes and enhance customer experience for its 500,000 protection customers.

Aon to acquire cyber risk management firm Stroz Friedberg
11 October 2016 Aon Risk Solutions, the global risk management business of Aon , has agreed to acquire all of risk management firm, Stroz Friedberg, subject to customary closing conditions.

Kuvare purchases GILICO and creates new reinsurer
11 October 2016 US-based Kuvare Holdings (Kuvare) has purchased Guaranty Income Life Insurance Company (GILICO) and established a new reinsurer, Kuvare Life Re(KLR), bringing its overall assets to more than $1bn.

Willis Towers Watson launches cloud-based software 2.0 for life insurers
11 October 2016 Willis Towers Watson has released a new version of vGrid, its cloud-based Software as a Service technology, which is designed to provide faster run times for life insurers.

AXA and Allianz climb in 2016 insurance brand rankings
10 October 2016 AXA is the top global insurance brand for the 8th consecutive year, with a brand value growth this year of 14%, according to Interbrand’s Best Global Brand 2016 Rankings.

Most Americans prefer to pay a flat fee when buying life insurance
07 October 2016 Nearly two-thirds of customers in the US prefer to pay a flat fee when buying life insurance according to a LIMRA survey.

LIMRA’s CMO delivers upbeat forecast for US life insurance market
06 October 2016 LIMRA’s chief membership officer Jim Kerley has given an optimistic outlook for the US life insurance market, saying he feels “very positive about the short-term”.

Grant Thornton: Solvency II continues to lose support from UK insurers
05 October 2016 Support for Solvency II (SII) from the UK’s insurance industry has waned over the past several years, according to new research from business and financial adviser, Grant Thornton.

Nippon Life completes NAB life business stake acquisition
04 October 2016 Japan’s Nippon Life Insurance Company (Nippon Life) has completed the acquisition of 80% of MLC Limited (MLCL), the entity which operates MLC’s life insurance business, a subsidiary of National Australia Bank (NAB).