Life
Around 70% of Singaporeans are underinsured, says Prudential
Around seven in 10 Singaporeans have not increased their life insurance cover in line with their rising income levels, leaving them at risk of being under-insured in the event of a crises, insurer Prudential has warned.
Canada Life premiums jump 50% amid soaring fund sales
Canada Life’s second quarter premiums rose by more than 50% compared to the previous year due to a surge in the sale of funds, figures from its parent company Great-West Life show.
Best Practice | 19 Aug 16
Under the spotlight: product review of RL360° Quantum
In the first of a new series of three independent reviews of international life products, Brian O’Neill, consultant at Isle of Man-based actuary and consultancy firm Boal & Co, puts the spotlight on RL360°’s regular savings product called Quantum.
Royal London posts strong growth as advisers help sales
Royal London, the UK’s largest mutual life, pensions and investment company, has posted strong growth in its pension and protection business driven in large part by sales to customers introduced by financial advisers.
South Korea’s largest life insurers report fall in profits
South Korea’s major life insurers reported lower profits for the first half of the year due to the prolonged rock-bottom interest rate environment and economic slowdown.