News ArchiveArchive of industry news from the global life insurance industry
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Target Group warns that insurers can be slow to adapt
Over three quarters (76%) of insurance marketing professionals believe they are too slow taking new products or services to market and struggle to keep pace with ever-changing consumer demands.
VitalityLife launches three protection products
VitalityLife, the new name for PruHealth and PruProtect, has launched three new protection products: LifestyleCare Cover; a short term income protection option; and Mortgage Plus Plan
Life insurers urged to tackle product complexity to help reduce protection gap
With the life insurance coverage gap appearing to widen, a report from the Geneva Association - an international insurance think tank -has recommended that insurers embrace technology to improve the customer experience and reduce perceived product complexity.
NAB hires Deloitte to facilitate sale of life insurance business
National Australia Bank (NAB) has reportedly hired Deloitte to gather more detailed financial information about its $1.4bn life insurance business, in order to divest the business.
LIMRA: Most workplace life insurance customers are Gen X or Y
Most workplace life insurance customers are generations X or Y, and tend not to shop around for life insurance, according to a LIMRA study.
MetLife concludes integration of US life insurance subsidiaries
MetLife has concluded the merger of its life insurance subsidiaries to establish a new entity, known as MetLife Insurance Company USA.
5Star Life chooses Apptical for tele-underwriting services
5Star Life Insurance Company (5Star Life) has chosen Apptical to serve as a vendor of choice for tele-underwriting services for its final expense product, Silver Premier Choice.
Bupa and Hang Seng Bank team up in Hong Kong
Hang Seng Bank and Bupa have launched insurance products and services that include a joint wellness-themed credit card and a health concierge service.
AIG names Charlie Shamieh as CEO for life, health, and disability insurance
AIG has appointed Charlie Shamieh as CEO for life, health, and disability insurance.
Reliance Mutual launches online protection brand
Reliance Mutual has launched a new online brand called, There, which is aimed at families that provides two covers in one via a combination of too ill to work and life insurance.
Anthem buys stake in Life Insurance Buyers
Anthem Management has bought a certain stake in Kansas-based Life Insurance Buyers (LIB) for an undisclosed sum.
Cathay Financial Holdings to acquire Conning
The life insurance subsidiary of Taiwan’s Cathay Financial Holding - Cathay Life – has agreed to acquire global investment manager, Conning Holdings.
ABI names Barry O'Dwyer as chairman of long term savings and life insurance committee
The Association of British Insurers (ABI) has appointed Barry O’Dwyer as the new chairman of the Long Term Savings and Life Insurance Committee (LTSLIC).
KiwiCover launches life insurance calculator
New Zealand’s KiwiCover, an online life and health insurance provider, has launched a life insurance calculator to calculate the amount of life cover a person ought to have.
AIG releases new variable annuity Polaris Select Investor
American International Group (AIG) has released Polaris Select Investor, a new variable annuity designed to provide clients a deep and broad investment platform for their long-term investment accumulation needs.
Canada’s Industrial Alliance partners with Allianz Global Benefits
Industrial Alliance Insurance and Financial Services has signed a partnership agreement with Allianz Global Benefits.
Discovery acquires remaining 25% stake of Prudential Health Holdings
South-African headquartered Discovery has acquired the remaining 25% stake in the holding company that owns PruHealth and PruProtect.
LIMRA: annuity owners more confident about retirement
A LIMRA study has found that 90% of annuity owners are confident about their lifestyle in retirement.
Swiss Re’s L&H reinsurance net income drops 35.2% YoY
Swiss Re’s life and health reinsurance business has reported a 35.2% year-on-year (YoY) fall in net income for the first nine months of 2014.
Conning: Life insurance industry increases credit risk
Life insurers have responded to the continued low interest rate environment by adding credit risk to their portfolios, according to a study by Conning.
Allianz Life names Rangam Bir as its new CEO
Allianz Life Insurance Malaysia Berhad has appointed Rangam Bir as its new CEO.