News Archive

Archive of industry news from the global life insurance industry

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January 2017

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Majesco: Insurers must have a holistic digital vision
20 January 2017 Insurance software company, Majesco, has said to successfully compete and meet rapidly changing customer expectations, insurers must have a digital vision and a full view of the customer journey.

Three asset classes receiving strong interest from insurers
18 January 2017 Senior secured corporate loans, Asian credit and equity-friendly Solvency II solutions, are asset classes receiving a lot of interest from the insurance market, according to investment experts at BNP Paribas Investment Partners.

Insurance industry reacts to UK PM’s landmark Brexit speech
17 January 2017 The ABI’s director general, Huw Evans, has said today’s landmark Brexit speech by UK Prime Minister Theresa May has provided “greater clarity”.

EIOPA welcomes EU-US (re)insurance deal
16 January 2017 The European Insurance and Occupational Pensions Authority (EIOPA) has welcomed the recent EU-US Covered Agreement on insurance and reinsurance measures.

Aviva upgrades its group critical illness policy
16 January 2017 Aviva has made enhancements to its group critical illness (GCIC) policy, including cover for child-specific illnesses – a first in the UK.

New brand for merger of Just Retirement and Partnership Assurance
16 January 2017 JRP Group, the company formed by the merger of Just Retirement Group and Partnership Assurance in 2016, has unveiled its new brand – Just.

US D2C life InsurTech, Ladder, launches
12 January 2017 Ladder, the California-based InsurTech start-up and online life insurance provider that by-passes agents, has officially launched.

AXA PPP survey: UK workers open to health tech monitoring
11 January 2017 An AXA PPP healthcare survey shows that 57% of the British workforce would be open to monitoring their health with technology at work, as long as their employer supplied a device to do so.

AIG Life creates fictitious family to help make life insurance ‘real’ for advisers' clients
10 January 2017 AIG Life has created a fictitious family called the Spencer family to help financial advisers “bring to life” how its products and services can help them in a tangible way.

UK insurance group targets savings through speech analytics project
10 January 2017 Insurance provider BGL Group has deployed speech analytics software across its UK contact centre network in an initial project focused on servicing the company’s insurance book customers.

RedArc Nurses targets group risk market by launching second medical opinion service
09 January 2017 RedArc Nurses has partnered with Healix Health Services to provide a second medical opinion service in the UK, and offer providers of group risk or health insurance products a way to add further value.

Timetric: Malaysia’s life insurance market set for strong growth
09 January 2017 The Malaysian life insurance segment’s gross written premium is expected to grow from MYR37.4bn ($8.4bn) in 2015 to MYR55.8bn in 2020, according to a new report from Timetric’s Insurance Intelligence Center (IIC).

Kathryn Ferrero promoted to CMO at AXA
06 January 2017 AXA has promoted Kathryn Ferrero to chief marketing officer for the insurer in the US. She will report to Brian Winikoff, senior executive vice president and head of US life, retirement and wealth management for AXA US.

Digital health focus: babylon health to power first digital alternative to NHS 111
05 January 2017 Digital healthcare provider, babylon health – which recently hosted a Life Insurance International (LII) roundtable in London focusing on digital health collaboration opportunities with life insurers – is to power the first digital alternative to NHS 111, the non-emergency helpline.

Aviva launches Alexa skill on Amazon’s Echo voice-controlled speaker
04 January 2017 Aviva has become the first UK insurer to launch an Alexa Skill on Amazon’s Echo voice-activated device.

Aegon UK names new retail head of sales
04 January 2017 Aegon UK has appointed Andy Coleman in a newly created role as managing director of retail, responsible for leading the distribution functions for both Cofunds & IPS and Aegon UK.

F&TRC reveals 2016 income protection ratings
04 January 2017 The UK-based Finance & Technology Research Centre (F&TRC) has revealed its 2016 product ratings for income protection, business protection and relevant life.

Zurich’s ZHub platform aims to speed up online protection applications
03 January 2017 Zurich has launched a protection platform called ZHub, which aims to offer a faster and streamlined experience for advisers enabling them to apply for multiple policies in one application.

Japanese insurer to cut staff with AI system
03 January 2017 Japan’s Fukoku Mutual Life Insurance reportedly plans to reduce the headcount in its payment assessment department by introducing an artificial intelligence (AI) system to improve operating efficiency.

Aegon completes Cofunds acquisition from L&G
03 January 2017 Aegon has completed the acquisition of Cofunds from Legal & General following regulatory approval.

December 2016

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Fitch: life insurer stress tests highlight diverse risk exposure
23 December 2016 The European Insurance and Occupational Pensions Authority's (EIOPA) life insurance stress tests highlight the significant differences in the sensitivity to market movements of life insurers in different countries, according to Fitch Ratings.