All articles by Verdict Staff

LII 296, June 2014

Improving Slovakian economic climate set to boost stagnant insurance industry

Slovakian incomes are starting to grow, largely thanks to rising car exports, which is partially being channelled to life products as consumers are increasingly feeling the need to grow their savings, according to the Life Insurance in Slovakia report, Key Trends and Opportunities to 2017, available on the Insurance Intelligence Center.

Romanian industry struggling to escape economic downturn

Recent austerity measures and high unemployment rates have left many Romanians unable to afford life insurance products, but low penetration rates suggest there is growth potential, according to the Life Insurance in Romania report, Key Trends and Opportunities to 2017, available on the Insurance Intelligence Center.

Individual life sector dominating Lithuanian market

The Individual life sector drove the overall life insurance segment between 2008 and 2012, with a market share of nearly 90%, as the industry recorded slight growth, according to the Life Insurance in Lithuania report, Key Trends and Opportunities to 2017, available on the Insurance Intelligence Center.

Rapid recovery from global financial crisis sparks Indonesian insurance sector to life

Indonesia’s life segment grew at a CAGR of nearly 30% between 2009 and 2013, largely thanks to strong economic performance, regulatory changes and the success of unit-linked products, according to the Life Insurance in Indonesia report, Key Trends and Opportunities to 2018, available on the Insurance Intelligence Center.

PNB MetLife unveils new term insurance plan

PNB MetLife India Insurance has unveiled a new term insurance ?l?n designed t? ensure a guaranteed monthly income f?r up t? 20 years t? th? family ?f a customer in case of his death.

John Hancock unveils enhanced Accumulation VUL

Manulife’s US-based John Hancock Insurance has unveiled an enhanced version of its variable universal life insurance product to assist clients meet their protection and wealth planning goals.

HDFC Life to set up new subsidiary in Gulf

HDFC Life, India’s long term private life insurance solutions provider, is expanding its operations into Gulf in a move to increase its presence in the Middle East.

YourLifeSolution.com to launch new program for life insurance agents

YourLifeSolution.com, an online life insurance quote provider, is planning to launch a new program to recruit and contract life insurance agents.

Bank of Papua New Guinea partners with Capital Life to launch new life insurance product

Bank of Papua New Guinea (PNG), the Peoples Micro Bank, has entered into a memorandum of agreement (MOA) with Capital Life Insurance to launch a new Microinsurance product.