Asia
Commission-free insurance will force change
The proposed commission-free life insurance direct sales channel in Singapore will prompt companies to re-evaluate their distribution channel strategies, says Fitch Ratings.
Indemnity commission ban heralded a game
The ban on the payment of indemnity commission on Investment Linked Assurance Schemes in Hong Kong has been described as a game-changer by leading advisers.
Indemnity commission to be banned in Hong Kong
The payment of indemnity commission, or clawback, by product providers selling Investment Linked Assurance Schemes in Hong Kong is to be banned from the beginning of next year.
Commission-free insurance available
The Monetary Authority of Singapore (MAS) has today announced the features of standardised life insurance products which will be possible to purchase directly from insurance companies by early next year.
Asia Latin Am boost JLT Groups six month profits
Insurance and re-insurance broker JLT Group has registered a 16% growth in profit before tax for the first six months of the year, which it said, was boosted by a strong growth in Asian and Latin American operations and also from the acquisition of Towers Watson Re.