Life
India increases commission rates for life insurance brokers
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.
Nucleus chairman and Skandia founder Paul Bradshaw dies
Nucleus chairman and Skandia founder Paul Bradshaw has sadly passed away following a cardiac arrest.
OMI’s Dolan succeeds Bradshaw as global sales director
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.
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.
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.