All articles by LII editorial
LII editorial
Fitch: Asset risks increase vulnerability for Chinese life insurers
Chinese life insurers are taking on higher asset risks due to greater equity exposures and surging alternative investments such as debt investment plans, trust schemes and wealth management products, according to Fitch Ratings. Written by Joe Sawyer
RGA survey offers lessons in product innovation
Zoran Tsangidis, account manager at RGA Reinsurance Company of Australia, assesses the results of RGAs first global survey of life insurers. The surveys findings show there are clear opportunities for insurers around the world to improve their product development process, enhance the innovation of their products, and shorten and strengthen the development cycle
Attractive medium term prospects for Indonesian life sector – despite slowing GDP growth
Indonesias life insurance sector will continue to grow over the medium-term, despite the countrys slowdown in real GDP growth to 4.7% during the first three quarters of 2015, according to Fitch Ratings. Written by Jerome Walcott for LII
Royal London launches profit sharing scheme for pensions customers
Royal London, a UK mutual life, pensions and investment company, is to introduce a scheme that will allow its unit-linked pension and drawdown customers to share financially in its success.
Max Life unveils new insurance plan for HNWIs
India-based Max Life Insurance has rolled out a new insurance policy for high net worth individuals called the Max Life Platinum Wealth Plan.
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FCA probes into Aviva’s £5.6bn merger with Friends Life
The UK Financial Conduct Authority (FCA) is reportedly looking into leaks and abnormal share prices prior to Aviva’s £5.6bn merger with Friends Life was announced in December 2014.
Genworth halts plan to divest life insurer unit
US-based insurer Genworth Financial has reportedly halted the proposed disposal of its entire life and annuity operation.
Recovery and rising middle classes bolster Mexican industry
Mexicos economy benefits from the pick-up in the US, which increases the momentum of its own recovery and the rise of its middle class, according to the Life Insurance in Mexico, Key Trends and Opportunities to 2018 report, available on the Insurance Intelligence Center
September is Life Insurance Awareness Month in the US
According to the industry research group LIMRA, 95 million adult Americans have no life insurance whatsoever. To remind Americans of the need to include life insurance in their financial plans, the nonprofit LIFE Foundation coordinates Life Insurance Awareness Month (LIAM). Each September, LIFE is joined in this educational initiative by more than 100 of insurers and industry groups.
Watchdog: Germany’s Life Insurance Reform Act intransparent and undemocratic
Pushed through during an otherwise soccer-happy summer that saw the German national team go from strength to strength, the German Life Insurance Reform Act raised a host of offside flags with consumer watchdogs that are claiming that consumers best interests were not at the heart of the reform.