Five common myths about life insurance

Five common myths about life insurance

Having a good life insurance policy is an important component of long-term financial planning and the best financial protection clients can offer their loved ones. But a reluctance to talk mortality and pervasive myths mean that some people still are not covered, says Globaleye’s Tony Ashton.

Published : 22, Aug 2017
Vietnam rolling out welcome mat for int'l life companies

Vietnam rolling out welcome mat for int'l life...

The Vietnamese Government is planning to make it easier for international life insurance companies to operate in the local market, deputy prime minister Dinh Hue Vuong has said.

Published : 21, Aug 2017
MassMutual Asia sold to investor group for $1bn

MassMutual Asia sold to investor group for $1bn...Lock icon

A finance firm set up by Alibaba founder Jack Ma has led the acquisition of Hong Kong-based MassMutual Asia by a group of regionally based investors.

Published : 18, Aug 2017
Prudential restructure sees US broker network sell-off

Prudential restructure sees US broker network...

UK insurer Prudential has sold its US independent broker-dealer network to focus on local retirement products just days after announcing plans to merge its UK insurance and asset management businesses.

Published : 16, Aug 2017
Lloyds Bank may expand into pensions and wealth management

Lloyds Bank may expand into pensions and wealth...

UK high street bank Lloyds, which owns Scottish Widows, may be about to announce a major push into pension and investment products as part of a three-year growth plan.

Published : 14, Aug 2017
OMI posts sharp rise in Middle East client inflows

OMI posts sharp rise in Middle East client inflows...

Old Mutual International, the offshore arm of Old Mutual Wealth, has seen striking growth in cash inflows from clients in the Middle East during the first half of 2017, according to interim results posted on Friday.

Published : 11, Aug 2017
Aegon sells Irish and Dutch units as Cofunds boosts results

Aegon sells Irish and Dutch units as Cofunds boosts...

Dutch insurer Aegon is selling its Irish offshore bond operation and its Netherlands-based advice business, while a strong boost in earnings from platform Cofunds, according to its latest quarterly report.

Published : 10, Aug 2017
Zurich sees Asia Pacific revival in Q2 life sales

Zurich sees Asia Pacific revival in Q2 life sales...

Zurich Insurance Group reported a double-digit pick-up in growth of its life business across the Asia Pacific region during the second quarter, which helped to offset falling sales in parts of Europe, Middle East and Africa.

Published : 10, Aug 2017
Big jump in offshore bond sales at Canada Life International

Big jump in offshore bond sales at Canada Life...Lock icon

Sales of offshore bonds rose by 60% in the first half of 2017, with new business through Canada Life International’s Isle of Man and Dublin-based offshore businesses hitting £566m ($736m, €626m).

Published : 10, Aug 2017
Zurich's future plans in the Middle East as regulations bite

Zurich's future plans in the Middle East as regulations...Lock icon

A 23-year Zurich veteran, Walter Jopp has travelled around the world during his tenure. With roles in the UK, two stints in the US, Hong Kong and now Dubai, he has pretty much seen it all. Jopp talks to International Adviser about the raft of new regulation sweeping through the UAE and how the life company is busy preparing for the future.

Published : 10, Aug 2017
US life insurance slump shows no signs of abating

US life insurance slump shows no signs of abating...

American life insurance activity continued its downward trajectory and lost further ground in July, an index measuring the industry’s business levels shows.

Published : 9, Aug 2017
Goldman Sachs to sell entire Rothesay Life stake

Goldman Sachs to sell entire Rothesay Life stake...Lock icon

Goldman Sachs has agreed to sell its remaining stake in UK-based life insurer Rothesay Life to MassMutual Life Insurance and to funds managed or advised by investment firm Blackstone and Singaporean fund management company GIC.

Published : 9, Aug 2017
Singapore’s life insurance business up 10% in first half 2017

Singapore’s life insurance business up 10% in...

The life insurance industry in Singapore has reported a growth in sales across both single and annual premium products in the first six months of the year, with premiums collected on new policies jumping 10% to S$1.68bn (£944m, $1.2bn, €1bn) compared to 2016.

Published : 7, Aug 2017
PEOPLE MOVES: Holborn hires CCO as part of big expansion

PEOPLE MOVES: Holborn hires CCO as part of big...Lock icon

Holborn Assets is planning to expand across the Middle East and Asia over the next 12 months, while Schroders has created a new sales director role for the Middle East. A Manulife insurance salesperson in Hong Kong has been added to the Guinness Book of World Records for his astonishingly long career.

Published : 4, Aug 2017
China insurance watchdog denies Anbang asset sale pressure

China insurance watchdog denies Anbang asset sale...

The China Insurance Regulatory Commission (CIRC) has denied asking insurance giant Anbang to sell its overseas assets and bring the proceeds back to China.

Published : 3, Aug 2017
China gov’t tells Anbang Insurance to sell overseas assets

China gov’t tells Anbang Insurance to sell overseas...Lock icon

Chinese authorities have reportedly asked Anbang Insurance Group to sell its overseas assets, which include life insurers in the Netherlands, South Korea, and the United States, as the country's insurance regulator prepares to ramp up its supervision of the sector.

Published : 31, Jul 2017
India’s Reliance Nippon Life eyes M&A for distribution push

India’s Reliance Nippon Life eyes M&A for distribution...

Indian life company Reliance Nippon Life Insurance is looking to expand its distribution network through a series of takeovers of bank-owned life insurers, a top company official told analysts.

Published : 31, Jul 2017
Life insurance sales growth an opportunity for advisers

Life insurance sales growth an opportunity for...Lock icon

Searches and applications for life insurance in the UK have risen over the past year, which contradicts conventional wisdom that in tougher economic and political times like these protection sales take a downturn and creates an opportunity for advisers.

Published : 27, Jul 2017
Zurich Int’l Life adds simplified investment plan to UAE range

Zurich Int’l Life adds simplified investment plan...

Zurich International Life has launched Simple Wealth, a new simplified investment plan that the company says provides an easy way for consumers in the United Arab Emirates to manage and grow their wealth.

Published : 26, Jul 2017
More UK life insurers offering cover to British expats

More UK life insurers offering cover to British...Lock icon

More than a quarter of UK life insurance companies now offer life products to British citizens living abroad, research from Unusual Risks Mortgage & Insurance Services has found.

Published : 24, Jul 2017

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