All articles by LII editorial
LII editorial
Allianz alternate energy investment hits ?1bn
For Allianz it represents a vindication of a 1bn ($1.35bn) investment in wind and solar power, spearheaded by the companys Allianz Specialised Investments (ASI) unit.
Micro-insurers turn to technology
Micro-insurance has the potential to develop into a major global market but comes with unique problems ranging from the gathering of information on target markets to reaching of those markets
New York Life exits four Asian countries in five months
Ending a decade-long joint venture (JV), New York Life has sold its stake in Thai insurer Siam Commercial New York Life (SCNYL) to its partner Siam Commercial Bank (SCB) for THB8.4bn ($275m) New York Life International chairman and CEO Dick Mucci said that, given SCBs objective of integrating SCNYL fully into its consumer banking platform, both partners believe the time had come for SCB to take control of the business
Body formed to tackle global ageing challenge
Ten major global companies have joined forces to launch the Global Coalition on Aging (GCA), a body which aims to spur awareness about aging and work with policy makers on the subject.
Another dull year ahead for US life insurers
This statement sums up the view of the majority of 70 industry leaders surveyed by research and consulting organisation Limra Specifically, Limra found 59% of insurance executives believe overall individual life insurance sales will remain flat in 2011 and 68% feel group life sales will stall
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Allstate Corporation turns its back on banking
In a move effectively marking its exit from banking, US composite insurer Allstate Corporations unit Allstate Financial is to sell the $1.1bn deposit book of its Allstate Bank to Discover Bank, a unit of US banking and payment services company Discover Financial Services
Disclosure Act could supercharge US annuity sales
the heat of political infighting over health care reform, at least one piece of insurance-related legislation appears assured of a comparatively easy path into law: the Lifetime Income Disclosure Act (LIDA) A bipartisan initiative by US senators Jeff Bingaman and Johnny Isakson, LIDA aims to promote the use of annuities and other forms of guaranteed lifetime income products
Sun Life gets ‘OK’ from Canadian consumers
For the second consecutive year, Canadian consumers have named Sun Life Assurance Company of Canada as the “most trusted brand in life insurance” in a survey conducted by opinion research firm HarrisDecima on behalf of the magazine Readers Digest
Women put to the financial literacy test
Intuitively it would seem that in the Asia-Pacific region women with the highest level of financial savvy would be found in developed countries such as Japan, Australia or Singapore
Symetra goes for growth in US group life market
Nailing its colours to the mast, Symetra Life Insurance Company has declared its intention to “significantly” expand its presence in the US group life insurance market