All articles by Iona Serrapica
Iona Serrapica
Insurers fail to fully unlock potential of mobile apps
The adoption of mobile apps in the insurance industry is still at a very early stage, showing patchy and inconsistent deployment, according to new research AXA was awarded the overall winner in the app ranking because the research firm said it offers a consistently good app portfolio across all insurance sectors.
Life insurer concerns about Solvency II model calibration
Many life insurers regard themselves as still having considerable work to do to validate and document risk measures for Solvency II, according to a Towers Watson survey Interest rates, credit spreads and mortality and lapse assumptions are some of the most challenging risks, with two-thirds of firms still looking to make considerable progress in these areas, said the survey The survey also found a reluctance from some firms to rely too heavily on expert judgement as part of the Solvency II calibration process
India’s SBI Life Insurance appoints new MD and CEO
Atanu Sen has been appointed managing director and chief executive officer of Indian private life insurer SBI Life Insurance
LV= agrees protection advice partnership with RAC
LV has signed a five-year partnership deal with the motoring service provider RAC, initiating a five year partnership. It is the first time LVs protection advice service has been made available through a partner organisation. Through LV, RAC will offer a customer telephone based advice service on protection products such as income protection, critical illness and life cover, and inheritance tax planning
ICICI Lombard GIC launches health insurance product
ICICI Lombard General Insurance Company (ICICI Lombard GIC) has launched a product called ICICI Lombard Complete Health Insurance, which offers critical illness cover and hospitalisation coverage. The critical illness aspect of the product covers procedures including cancer, a major organ transplant and end stage liver failure
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John Hancock Financial makes senior appointments
John Hancock Financial, the US division of Manulife Financial Corporation, has made two senior appointments. Gallagher, an 18-year veteran of the company, has been appointed as executive vice president, general counsel and chief administrative officer
OP-Pohjola acquires Skandia Life Finland
Finlands OP-Pohjola Group Central Cooperative has purchased the entire share stock of the new Finnish life insurance company Aurum Investment Insurance (Aurum) from Skandia Life Assurance Company, which is part of the Old Mutual Group.
Manulife Japan appoints new CEO
Hitoshi Morita has been named president and CEO and representative executive officer of Manulife Japan, with his appointment becoming effective on 1 September 2012 Morita has held various leadership roles at Manulife in human resources, strategic initiatives and business development, after joining Manulife Japan in 2006 Prior to joining Manulife, he worked for Japanese and overseas insurance companies in product development, risk management and strategic planning roles
TIAA-CREF Life appoints Dave Anderson as CEO
Dave Anderson has been named the new CEO and president of life insurer TIAA-CREF Life.
Bright Grey revamps website to raise protection awareness
Bright Grey, a division of the UKs Royal London Group, has redesigned its consumer-facing website as part of its new digital strategy targeted at raising awareness about protection among consumers. Itis designed to support financial advisers and aims to shows consumers that the need for protection extends beyond mortgages and gaining an understanding of the importance of protection.