All articles by Iona Serrapica
Iona Serrapica
AIA Group to acquire INGs insurance operations in Malaysia
AIA Group has agreed to acquire INGs insurance subsidiaries in Malaysia for a cash consideration of 1.34bn (US$1.73bn).
Standard Life to open Singapore branch as part of Asian expansion
Standard Life is to expand its retail investment business in the Asian market by establishing a branch in Singapore.
Life Insurance 2020: The future is more regulation
Regulation is the dominant theme expected to shape the life insurance industry by 2020, according to senior industry executives interviewed by Life Insurance International. Iona Serrapica examines the product, distributional and technological drivers expected to impact the life market by 2020.
Tata AIA Life Insurance appoints deputy CEO
Mukesh Dhawan has been named deputy chief executive officer and chief distribution officer at Indian insurer Tata AIA Life Insurance Company with immediate effect.
Prudential Financial to acquire The Hartford’s individual life insurance business
The acquisition comes after The Hartfords previous announcement that it is to turn its back on the individual life insurance and annuity sectors and focus on its property and casualty, group benefits and mutual funds operations Under the terms of the agreement, Prudential will pay The Hartford a cash consideration of $615m and primarily will receive approximately $7bn of general account investment assets and corresponding reserves, and rights and obligations with respect to approximately $5 billion in separate account assets and corresponding liabilities, based on statutory balance sheet values as of June 30, 2012.
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Towers Watson launches cloud computing software for life insurers
Towers Watson has introduced life insurance financial modelling on a cloud computing grid to enable insurers to take advantage of cloud-based distributed processing for greater computing capacity. It comes as Towers Watson has launched MoSes Azure, a new software integration product that enables life insurers to run MoSes financial models in Microsoft Windows Azure Cloud Services. Todd Erkis, global life software product manager at Towers Watson, said for most life insurers, computing resource demands for financial modeling fluctuate greatly from typical daily use to heavy use at quarter-and year-end,
Fitch: German life sector remains stable
Germanys life insurance sector is expected to remain stable, with German life companies well prepared to meet the sector’s current challenges, according to Fitch ratings Although Fitch views the low interest rate environment and the pronounced volatility of the capital markets as the main challenges for German life insurer, the ratings agency does not foresee a significant number of rating changes over the next 12-24 months
Health insurance information becomes standarised in the US
The Affordable Care Act (ACA) in the US means the countrys insurers are now required to provide consumers in the private health insurance market with a brief summary of what a health insurance policy or employer plan covers.
Health insurance information becomes standardised in the US
The Affordable Care Act (ACA) in the US means the countrys insurers are now required to provide consumers in the private health insurance market with a brief summary of what a health insurance policy or employer plan covers.
Business tie-in for Gocompare.com and LifeSearch
UK insurance comparison site Gocompare.com is offering customers free protection advice, after announcing a business tie-in with protection adviser LifeSearch Customers who buy their policy via LifeSearch will also receive advice on setting up trusts and will gain free access to its claims desk.