Global service provider MphasiS has introduced a new technology, Insurance Sales Modernization (ISM), to allow life insurance and annuity sales executives to process new insurance applications electronically, using their natural ...
New China Life Insurance Co., Ltd. (SHSE: 601336 and SEHK: 1336) said last weekend that it has gained go-ahead from its board of directors to set up an e-commerce unit with a registered capital of CNY 100 million. The plan, though not ...
Tags: China Life, Online Sales Unit
MajescoMastek, a core insurance systems and services provider to P&C and Life insurance carriers in North America, has launched an enhanced version of STG Policy Administration (STG Policy) at the IASA Educational Conference and Business ...
Tags: STG Policy, MajescoMastek
Genworth Financial has debuted its first Index Universal Life (IUL) insurance product, which integrates a death benefit with tax-deferred cash accumulation and an optional Accelerated Benefit Rider for Long Term Care Services. With a ...
Tags: Life Insurance, Genworth Financial
International Kanbawza Insurance (IKBZ) has started offering new insurance services in Myanmar and is writing six different types of coverage, including life, fire, surety bonds, transportation, cargo and money secure. Kanbawza Group ...
American International Group (AIG) and People’s Insurance Company (Group) of China (PICC) and PICC Life Insurance have signed a joint venture (JV) agreement to set up an agency distribution company in China. The US insurer invested ...
Hong Kong-based Dah Sing Life Assurance (DSLA) has completed implementation of eBaoTech LifeSystem suite to run its conventional and unit-linked life insurance operations. Accomplished in two phases, the implementation has enabled the ...
Tags: Dah Sing, EBaotech, LifeSystem
Industrial Alliance Insurance and Financial Services is set to launch a new universal life insurance product designed to allow customers to benefit from premium reductions, if long-term interest rates increases. Scheduled to be launched ...
US-based independently owned insurance brokerage Oswald Companies has purchased McManamon Financial Services, an Ohio-based company specializing in group benefits insurance, as part of its continues growth and expansion strategy. ...
Netherlands-based financial conglomerate ING has received offers for its South Korean life insurance business from a Korean life insurer and two Seoul-based private-equity firms. The three bidders include Kyobo Life Insurance Co and ...
Tags: ING, Bids, Insurer Business
Japan-based Dai-ichi Life Insurance Company (DLI) has reportedly agreed to purchase a 40% stake in Indonesian life insurance company, Panin Life, a source familiar with the deal has revealed. The unidentified source was quoted by Reuters ...
Tags: Dai-ichi, Panin Life
Myanmar's Directorate of Investment and Company Administration (DICA) has granted a regulatory approval to The ACE Group for establishment of a representative office in the country. Scheduled to be opened in Yangon, the new office will ...
Tags: ACE Group, Investment
China received insurance premium of CNY 646.67 billion in the first four months, up 9.2% year on year, which is 2.7 percentage points higher than the growth of 6.5% in the first quarter, according to the China Insurance Regulatory ...
John Hancock Financial, a unit of Manulife Financial, has introduced a new web-based long-term care (LTC) insurance sale system to help financial professionals improve customer experience and expand sales opportunities. Dubbed LTC ...
Global money transfer brand Xpress Money is offering free life insurance coverage for its Indian expatriate customers, who send money from the UAE, Kingdom of Saudi Arabia, Oman, Qatar, Kuwait and Bahrain. Xpress Money vice president and ...
Tags: Xpress Money, Free Insurance