All articles by Verdict Staff
Verdict Staff
New York Life makes two senior appointments
New York Life has appointed Troy Glover and John Fleurant to two senior roles at the company.
Mexico gets set for Solvency II
Mexicos insurance is gearing up to adopt Solvency II by seeking equivalency status with the new European insurance regulatory regime, and sentiment towards meeting the regulatory reform deadline remains positive unlike in Europe. Robin Arnfield reports.
Bancassurance has flourished in China but challenges remain ahead
Pioneered in France in the 1970s, bancassurance took deep root in many markets in Western Europe and as a distribution channel reached maturity in terms of market share over a decade ago. In recent times, bancassurance has flourished in China, although there are challenges ahead. Stafford Thomas explains.
In pole position: Ripe market for life insurers in Poland
Polands life insurance segment registered an increase in written premiums at a compound annual growth rate (CAGR) of 5.5% during the period 2007 2011, according to a report Life Insurance in Poland, Key Trends and Opportunities to 2016, which is available at the Insurance Intelligence Center (IIC).
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EIOPA and FINMA sign MoU for insurance supervision cooperation
The European Insurance and Occupational Pensions Authority (EIOPA) and the Swiss Financial Market Supervisory Authority (FINMA) have signed a Memorandum of Understanding (MoU) to ensure optimal supervision of insurance groups with international activities in the European economicarea (EEA) and Switzerland.
Malaysia’s central bank is to push for insurance to be ‘more accessible’
Bank Negara Malaysia, Malaysia s central bank, will reportedly encourage insurance and takaful industries to offer more options in the form of micro products to those who have less access to financial services as part of the countrys ten year financial sector plan Bank Negara deputy governor Datuk Muhammad bin Ibrahim was reported by The Borneo Post as saying that insurance services will be made available more efficiently in terms of cost, being easy accessible, as well as being easy to understand and convenient when it comes to applying for compensation.
China’s CIRC approves new life insurance JV
Pramerica Fosun Life Insurance Company (PFL), the proposed 5050 joint venture between Prudential Financial and Chinas Fosun International, has been officially approved by the China Insurance Regulatory Commission (CIRC) to begin operations.
