All articles by Verdict Staff
Verdict Staff
Great American unveils fixed-indexed annuity product with optional riders
Global insurance player Great American Insurance Group (GAIG) has unveiled a new fixed-indexed annuity product, The American Custom 10, with three optional riders.
AIA, MetLife may bid to acquire NAB’s life insurance business
Hong Kong-based AIA Group and MetLife, a US insurer, are reportedly among the potential firms to place bids for National Australia Bank’s (NAB)’s life insurance operations, which may be valued at approximately A$1.5bn ($1.3bn).
Allianz Life joins Wells Fargo’s enhanced indexed annuity platform
Allianz Life Insurance Company of North America has added the Essential Income 7 Annuity on the Wells Fargo enhanced Index Annuity Platform, which features simplified products and lower commissions.
One in 3 insurance advisers violates the regulations in selling life insurance: ASIC
More than one third (37%) of the advice consumers received failed to comply with the laws relating to appropriate advice and prioritizing the needs of the client, the Australian Securities & Investment Commission (ASIC) observed in its report.
Prosperity Life Insurance closes takeover of SBLI USA
Prosperity Life Insurance Group has concluded the previously announced acquisition of SBLI USA Life Insurance Company (SBLI USA) through a sponsored demutualization.
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Phoenix launches term life insurance products
US-headquartered, the Phoenix Companies, has added term life insurance to its product offerings, as well as launching a call centre distribution capability.
Phoenix releases term life insurance policies
The Phoenix Companies has added term life insurance to its product offerings, Phoenix Safe Harbor Term Life and Phoenix Safe Harbor Term Life Express.
Australian life insurers brace for ASIC commission report
Australias largest life insurers are reportedly bracing themselves for the release of a report from the Australian Securities and Investment Commission that is expected to be damning of commission fees in the industry.
Q3 rise in UK life insurance business volumes
Optimism among life insurers in the UK improved for a fifth consecutive quarter during the three months to September 2014, according to data from the Confederation of British Industry (CBI) and PwC.
Nigerias NAICOM stresses need for life cover
Nigerians should be able to have life insurance regardless of their financial capacity, according to Fola Daniel, commissioner for insurance at Nigerias National Insurance Commission (NAICOM).