Life
Zurich faces up to economic challenges
Zurich Insurance Group reported a slight fall in profits for the 12 months to December 2012 and described the results as solid in a year characterised by ongoing economic challenges.
robust asia business helps manulife
Manulife Financial Corp, the giant Toronto-based insurer which has a large presence in Asia, beat analysts’ expectations in the fourth quarter of 2012, helped by “record annual sales” in its insurance and wealth businesses.
bupa intl in distribution deal with east african
Bupa International has partnered with Jubilee Insurance, in order to sell its products into East Africa where Jubilee is the largest insurance provider.
growth seen for asia sales of term life
Global life insurance premiums are projected to grow by 3% this year, led by a rebound in emerging Asian markets, a Swiss Re study out today is forecasting, but it notes that “regulatory changes and low investment yields” will result in an increasing focus on risk protection products, such as term life insurance, rather than on savings products.
aegon to exit from bancassurance jvs in spain
Aegon expects that the consolidation of Spanish savings banks will lead to “exiting one or more of its joint ventures in Spain.”