All articles by LII editorial
LII editorial
Interpreting the UKs PRA view of the Solvency II landscape
Timetric insurance analyst Jay Patel provides insight and context on the new Solvency II landscape as viewed by the UKs Prudential Regulation Authority.
All systems go for the robo-advice revolution
Laura Balkarova, an insurance analyst at Timetrics Insurance Intelligence Center, tells Life Insurance International why robo-advisers are set to reinvent the way people invest for their future, with digital advice solutions expected to become more relevant in helping retirees to navigate the new pension freedoms.
Life insurance recruitment in Australia requires a flexible approach
Louise Fraser, recruitment consultant life insurance at StirlingAndersen, explains how the changing nature of Australias life insurance market is affecting the sector in terms of recruiting and attracting staff. She notes that it is becoming increasingly common in the Australian life insurance market, and arguably globally, that employees will not simply desire flexibility, they will expect it
The lessons and challenges in making group life assurance easy as pie
Paul Avis, marketing director at Canada Life Group Insurance, explains how the providers online self-service platform, CLASS, has grown to cover around 9% of all Group Risk policies in the UK. It also retained its position at the pinnacle of the industry by the three measures of Swiss Res annual Group Watch report: in-force premiums (i.e. market share), companies covered and people covered.
Could insurance tech start-ups spell the end for brokers?
Joel Dudley, senior analyst at Timetrics Insurance Intelligence Center (IIC) analyses why insurance distribution represents a natural target for insurance technology start-ups. He explains that as the price-comparison space becomes increasingly crowded, entrants are having to offer more sophisticated services to their users. They are moving beyond straightforward price-comparisons, and are increasingly looking to cannibalize the advisory role traditionally reserved for brokers.
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How digital marketing can make protection insurance engaging
Roger Edwards, marketing director of UK protection insurance consultancy, Protection Review, makes a compelling case why digital marketing and social media offer protection insurance players powerful tools to truly engage customers, better understand their needs and help overcome deeply held prejudices about the protection insurance market. Edwards explains that it will be a tough long game but its time for the industry to be ambitious and firmly set its goals.
Solvency II Under Pressure
Under pressure from competing international standards and a faltering third-party equivalence process, the EUs new solvency regime will have to adapt. Is an updated Solvency III just around the corner? Joel Dudley, financial services analyst at Timetrics Insurance Intelligence Center, gives his view
Offshore bonds appeal
HNWIs are continually on the look out for ways to lift tax burdens, especially in a low yield environment where gains are already modest. Offshore life assurance bonds present an attractive option, enabling tax to be deferred and allowing portfolio gains to be compounded. John Schaffer, correspondent at LIIs sister title, Private Banker International, finds out more about these bonds that are growing in popularity
Making technology an enabler of change
Technology has changed the way the world does business and Mark Broadhurst, vice president-European sales director at insurance software provider, Intellect SEEC, says insurers have to adapt and change the way they distribute their products.
Timetric: Russian life insurance market is rich with potential
The gross written premium of the Russian life insurance market is forecast to more than triple from RUB 108.6bn in 2014 to RUB 327.4bn in 2019, – despite challenges such as Western sanctions says a Timetric report.