India increases commission rates for life insurance brokers

India increases commission rates for life insurance...

Insurance brokers in India are set to receive higher commissions payments for selling life insurance policies, in proposals unveiled by the country’s regulator due to come into force in April.

Published : 18, Jan 2017
Nucleus chairman and Skandia founder Paul Bradshaw dies

Nucleus chairman and Skandia founder Paul Bradshaw...

Nucleus chairman and Skandia founder Paul Bradshaw has sadly passed away following a cardiac arrest.

Published : 13, Jan 2017
OMI's Dolan succeeds Bradshaw as global sales director

OMI's Dolan succeeds Bradshaw as global sales...

Brendan Dolan, a veteran of the Middle East and Africa life industry, is to take over the position vacated by Marcel Bradshaw as head of sales worldwide for Old Mutual International, part of Old Mutual Wealth.

Published : 10, Jan 2017
RL360° launches first Malaysia product

RL360° launches first Malaysia product

RL360° has launched Quantum Malaysia, a country-specific version of the insurer's regular premium savings plan and its first product in Malaysia.

Published : 10, Jan 2017
Japanese insurer to replace staff with AI system

Japanese insurer to replace staff with AI system...

A major Japanese insurance firm is to lay off 34 staff in its payment assessment department and replace them with an artificial intelligence (AI) system this month to improve operating efficiency.

Published : 6, Jan 2017
Life offices fight for survival post commission disclosure

Life offices fight for survival post commission...

Proposals that could significantly change how insurance companies operate in the UAE stand to benefit Isle of Man-based life companies over the longer term, according to key industry figures on the island.

Published : 3, Jan 2017
HMRC, the Lobler case and 5% offshore bonds

HMRC, the Lobler case and 5% offshore bonds

Looking back on 2016, one of the biggest stories of the year was the HM Revenue & Customs proposals to overhaul part surrender and part assignment of life insurance policies in response to the 2007 case of Dutch national Joost Lobler.

Published : 29, Dec 2016
Lombard Int'l welcomes growing complexity in life products

Lombard Int'l welcomes growing complexity in life...

Lombard International Assurance welcomes the increasing complexity in providing cross-border planning solutions for high net-worth families as it is their bread and butter, and one of the reasons the company has grown so successfully over the years.

Published : 22, Dec 2016
Old Mutual prices shares in asset management unit

Old Mutual prices shares in asset management unit...

Old Mutual has announced a public offering of 13 million ordinary shares in New York-listed Old Mutual Asset Management (OMAM), as moves towards breaking its business into four separate units.

Published : 14, Dec 2016
China to crack down on ‘barbaric’ life insurers

China to crack down on ‘barbaric’ life insurers...

China’s insurance regulator is to introduce measures aimed at curbing the investment activities of life insurers following a string of high-profile suspensions over stock market speculation.

Published : 14, Dec 2016
RL360° gains Malaysia licence, opens office

RL360° gains Malaysia licence, opens office

RL360° has opened a new branch office in Kuala Lumpur, Malaysia, after it was granted a license by the Labuan Financial Services Authority (LFSA).

Published : 12, Dec 2016
Canada Life to offer estate planning feature in onshore bond

Canada Life to offer estate planning feature in...

Canada Life has enhanced its well-known onshore bond, the Select Account, with the addition of a discounted gift trust (DGT) feature.

Published : 6, Dec 2016
Lombard International granted Singapore licence

Lombard International granted Singapore licence...

Lombard International, the global wealth structuring solutions provider, has been granted a Financial Adviser’s licence by the Monetary Authority of Singapore (Mas).

Published : 28, Nov 2016
Nine insurers identified as globally systemically important

Nine insurers identified as globally systemically...

The Financial Stability Board has named Aegon, Aviva, and Axa among nine global insurance firms identified as systemically important financial institutions (SIFI).

Published : 25, Nov 2016
Game-changing UAE insurance regulation: what does it mean?

Game-changing UAE insurance regulation: what does...

Life and investment product providers, fund managers, and intermediaries need to swiftly absorb what the potentially game-changing regulation for the UAE's life insurance industry means for their business and be ready to provide their feedback before the 30 November cut-off date, say Tom Bicknell, Wayne Jones, and Peter Hodgins of international law firm Clyde & Co.

Published : 22, Nov 2016
AIG agrees to sell Japanese life insurance unit to FWD

AIG agrees to sell Japanese life insurance unit...

American International Group (AIG) has agreed to sell its Japanese life insurance business to one of Asia’s most prominent insurers FWD Group for an undisclosed sum.

Published : 17, Nov 2016
Regular premium sales up nearly 20% in Asia, reports Prudential

Regular premium sales up nearly 20% in Asia, reports...

Prudential reported a 19% increase in new business profit for the first nine months of the year, driven mainly by a strong performance at its Asian life business.

Published : 16, Nov 2016
UAE insurance regulator to clamp down on fees and commissions

UAE insurance regulator to clamp down on fees...

The main life insurance regulator in the UAE has unveiled plans to tackle high fees and hidden commissions across the industry after receiving what it described as “an alarming amount of complaints from policyholders”.

Published : 16, Nov 2016
Cost of life policies in Taiwan expected to spiral by 20%

Cost of life policies in Taiwan expected to spiral...

The cost of life insurance policies is expected to rise by as much as 20% next year as the Financial Supervisory Commission (FSC) tightens reserve requirements.

Published : 16, Nov 2016
Life companies top IoM financial ombudsman complaints

Life companies top IoM financial ombudsman complaints...

Life companies were the most complained about financial services providers on the Isle of Man last year, according to figures released by the island’s Financial Services Ombudsman.

Published : 15, Nov 2016

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