All articles by Verdict Staff

Ensuring underwriting evolves with the times

With innovations in online, straight through processing (STP) and tele-underwriting, Andrew Gething, managing director of MorganAsh, a specialist in underwriting and claims management for the life and pensions industry, asks why are sales still declining? In Gething’s view, the practical truth is although there have been great strides in the processing of underwriting cases, sales are still in general terms declining.

LII 310, August 2015

Vitality delivers 16% rise in profit since rebrand

Health and life insurer Vitality generated a 16% rise in profit to £42.8m across its two brands, VitalityHealth and VitalityLife, in the first year of operations since its rebrand in November 2014.

Kotak Life Insurance unveils Kotak Premier pension plan

Kotak Mahindra Old Mutual Life Insurance, an India-based private sector insurer, has rolled out its latest offering known as Kotak Premier pension plan.

MassMutual unveils Guaranteed Acceptance Life Insurance policy

Massachusetts Mutual Life Insurance Company (MassMutual) has launched its Guaranteed Acceptance Life Insurance plan.

Voya Financial to divest block of term life policies to RGA

Voya Financial, a US-based financial and insurance firm, has reached an agreement to sell through reinsurance an in-force block of nearly 155,000 term life insurance policies to Reinsurance Group of America (RGA).

Farmers Life rolls out index universal life insurance policy

Farmers Life has launched Index Universal Life insurance product that gives savvy consumers another option for permanent life insurance protection and potential for cash value growth.

Guardian launches new feature for whole life insurance product

The Guardian Life Insurance Company of America (Guardian) has launched a new feature for its whole life insurance product, designed to provide a new dimension for cash value growth by linking to S&P Index Performance.

RSA to divest Latam operations to Suramericana for £403m

RSA Insurance Group (RSA) has reached an agreement to divest its operations in Latin America to Suramericana, an insurance subsidiary of Grupo de Inversiones Suramericana, in a cash deal valued at £403m.

IDBI Federal introduces unit linked life insurance policy

India-based IDBI Federal Life Insurance has rolled out its latest unit linked life insurance policy, designed to help parents in meeting their child’s future education expenses.