Friday, April 27, 2018

Life

Indian consortium to develop data-sharing blockchain

Indian consortium to develop data-sharing blockchain

The consortium of life insurance companies has partnered with IT services firm Cognizant Technology Solutions.

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Farglory Life fined over corporate governance breach

Farglory Life fined over corporate governance breach

Taiwan’s regulator has imposed the penalty for corporate governance breaches on a series of real estate projects.

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Sun Life aligns HNW operation with Asia business

Sun Life aligns HNW operation with Asia business

The change reflects the fact that the high net worth business mostly serves Chinese clients.

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SBI Life names new CEO

SBI Life names new CEO

Sanjeev Nautiyal will head the joint venture between State Bank of India and BNP Paribas Cardiff.

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AIA chief becomes first female president of LIAM

AIA chief becomes first female president of LIAM

Anusha Thavarajah will be the first woman elected president in the association’s 44-year history.

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CBA eyes sale of Indonesian life insurance business

CBA eyes sale of Indonesian life insurance business

Commonwealth Life could be valued at up to US$250 million as the Aussie bank bids to free up capital.

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Korea Development Bank postpones sale of life unit

Korea Development Bank postpones sale of life unit

The former Kumho Life will not be sold for at least two years or until it becomes more competitive.

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Rescue plan for Indonesian life insurer collapses

Rescue plan for Indonesian life insurer collapses

Evergreen’s planned rescue of the embattled Bumiputera has failed after disagreements over funds.

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Singapore’s LIA adopts new measures on incentives

Singapore’s LIA adopts new measures on incentives

The proposals cover sales targets, sign-on incentives and the monitoring of representatives.

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Thailand life market to maintain growth

Thailand life market to maintain growth

New bancassurance deals and a bigger pool of agents eligible to sell investment-linked insurance are drivers.

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Taiwanese life insurers warned against investment practices

Taiwanese life insurers warned against investment practices

Fixed-income assets reportedly constitute less than 20% of local life insurers’ total investments.

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Allianz gets regulatory nod for sale of Taiwan portfolio

Allianz gets regulatory nod for sale of Taiwan portfolio

The insurer hopes to sell more than 78,000 life policies to Taipei-based China Life Insurance.

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Generali eyes opportunities in the Philippine market

Generali eyes opportunities in the Philippine market

After the end of its 17-year partnership with BDO Unibank it intends to re-focus on group life and health.

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Allianz delivers strong growth in Asia

Allianz delivers strong growth in Asia

Operating profit in the region grew 22% to €273m, driven by strong performance across the business.

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China Life reportedly acquiring AMP’s life assets for US$3bn

China Life reportedly acquiring AMP’s life assets for US$3bn

A possible deal to buy the troubled life insurance assets could be announced in May, according to reports.

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Life firms embracing digitalisation to battle stagnation

Life firms embracing digitalisation to battle stagnation

Insurance companies are integrating technology to prevent loss of market share to startups, says Deloitte.

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Manulife Hong Kong reports strong 2017 growth

Manulife Hong Kong reports strong 2017 growth

The healthy premium sales were a result of strong market demand for insurance and wealth products.

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Thai Life eyes Cambodian market

Thai Life eyes Cambodian market

Thailand’s third-largest life insurer has plans to expand into neighbouring South-East Asia markets.

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