Life
Regulatory overhaul sees big lift in Hong Kong life market
Insurance stats from Hong Kong show a multi-billion dollar market switch prompted by commission and transparency rules introduced last year.
Broker woe and European legal costs weigh on Hansard results
Hansard Global has reported a drop in profits and a £1.1m ($1.4m, €1.2m) provision taken against ‘doubtful broker balances’ for the year ending June 2017.
Canada Life International targets wider market
The portfolio bonds from Canada Life International (CLI) have halved the minimum single and additional investment amounts and increased the maximum age of the youngest life assured by 10 years.
Adviser recruitment under scrutiny in Singapore
In a bid to curb mis-selling and provide a framework for how advisory businesses can recruit from rival firms, Singapore’s Life Insurance Association (LIA) is reviewing its policies and is planning to issue new guidelines.
Levy to hit Hong Kong life insurance
Insurance policyholders in Hong Kong will be hit with a rising levy on premiums from 1 January 2018, the special administrative region’s new Insurance Authority (IA) has confirmed.