All articles by Ronan Mccaughey

Insurers called on to embrace technology

Insurers have been urged to adopt a technology-centric business model if they are to survive the coming years, according to Barry Rabkin, principal analyst for insurance technology at Ovum.

Allianz strikes ten-year Asia deal with HSBC

Allianz and HSBC have signed a ten-year exclusive bancassurance distribution agreement for life insurance in Asia, enabling Allianz to tap into major growth markets in the Asia-Pacific region.

AIG agrees $11m multi-state settlement

AIG’s has agreed to pay $11m to various state insurance departments after the financial institution’s life insurance companies resolved examinations by multiple states over its claims settlement practices.

FSA fines Sun Life Assurance Company of Canada (UK) £600,000

Scottish Provident to replace unit-linked Pegasus product

Scottish Provident will replace its current unit-linked Pegasus product with a new simpler whole of life product.

Insurers warned to ‘take full control’ of spreadsheet data

The UK’s Financial Services Authority (FSA) has issued a statement that insurance firms will be expected to demonstrate “appropriate controls” with regard to internal data flow systems, such as spreadsheets.

Global Federation of Insurance Associations created

Thirty one insurance associations representing 87 per cent of the worldwide insurance business have formally established the Global Federation of Insurance Associations.

Helping users to click with online life insurance

A new report has recommended that life insurers in Asia use simple language, multi-media and a well organised menu structure that allows prospects to easily analyse how much of one type of insurance protection they need as key points in the online sales process. Ronan McCaughey reports.

MagicBoard device in India spells improved sales productivity

IndiaFirst Life Insurance has launched ‘Magicboard’, an integrated portable device that aims to improve sales productivity by optimising leads and recommending the right product based on the customer’s needs.

US drive for health insurance exchanges

The number of states in the US likely to involve the federal government in plans to establish a health insurance exchange is projected to be higher than expected, according to a recent report carried out by PricewaterhouseCoopers’ (PwC) Health Research Institute (HRI).