All articles by Verdict Staff
Verdict Staff
Fitch: Chinese life insurers to issue more equity-like hybrids
The more granular capital regime under the China Risk Oriented Solvency System (C-ROSS) is spurring Chinese life insurers to issue more equity-like hybrid securities, according to Fitch Ratings.
Nordic life markets embrace e-commerce
In an era when insurers are being encouraged to embrace digital strategies, strong internet connectivity is playing a vital role in boosting e-commerce as a distribution channel in the Nordic life markets of Norway, Sweden and Finland
MetLife unveils innovation centre in Singapore for life insurance industry in Asia
MetLife, a global provider of life insurance products and services, has launched its innovation centre in Singapore that is claimed to be business creation engine for life insurance industry in Asia.
AIG plans to boost presence in Chinese-American life insurance market
American International Group (AIG) has started a new initiative to expand access to life insurance for Chinese-American consumers in the US.
Ageas seeks to divest Hong Kong insurance business
Ageas, a Belgium-based global insurance group, is considering offloading its insurance business in Hong Kong.
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EuroLife to deploy Sapiens ALIS for all life, investment and health lines
Cyprus-based life insurer EuroLife has selected Sapiens ALIS, a core solution suite for all life, investment and health lines of business.
Reliance Standard Life selects iPipeline AFFIRM to automate business process
Reliance Standard Life Insurance Company has chosen iPipeline’s AFFIRM for Annuities to automate the selling of fixed rate and fixed indexed annuities tied to the S&P 500.
Jubilee Insurance, Rafiki Microfinance Bank sign bancassurance agreement
Kenya-based Jubilee Insurance has inked a bancassurance deal with Rafiki Microfinance Bank to distribute life insurance products in a bid to further boost its presence in the country.
Aegon USA agrees to divest Clark Consulting
Aegon’s subsidiary, Aegon USA, has inked an agreement with Greenspoint Capital and Newport Group to divest its bank-owned life insurance (BOLI) distribution and servicing unit Clark Consulting for $177.5m.
Legal & General to sell stake in Egyptian life insurance JV to AXA
Legal & General Group (L&G) has announced the sale of its Egyptian Life Insurance joint venture (JV), Commercial International Life Insurance Company (CIL), to French insurer AXA in a deal worth EGP763m ($97.5m).