Life Insurance Roundup, July14, 2016


Listing of life insurance biz a boost for ICICI Bank | Business Standard Financial X-Ray

The ICICI Bank stock has risen seven per cent in the past five trading sessions compared to zero-three per cent gains for private sector peers. 


Financial Standard – Nationals senator not giving up on life insurance investigation

Senator John Williams said regardless of what Parliament ultimately looks like after a hotly-contested election, he will prioritise continuing the Senate Economics References Committee’s life insurance industry investigation. 


G.S. Wilcox & Co. arranges loans through Kansas City Life Insurance Co. | Real Estate Weekly

G.S. Wilcox & Co. secured financing of $19,500,000 for two New Jersey industrial properties. 


WATCH: Real-life insurance company protects you from superheroes | Robot 6 | The Comics Culture Blog

“Mercury Insurance covers it all,” according to their website, including — apparently — superheroes. In a thirty-second advertisement published to YouTube, the insurance company claims to cover collateral damage caused by caped crusaders. 


New life insurance premiums up 33% in Apr-Jun

First year insurance premiums in the life insurance industry increased by 33% in value terms in the first three months of FY17, while they registered a marginal growth of 2% in the number of policies, reports a leading financial newspaper. 


Ulips boost life insurers premium growth 33% in Q1 – The Financial Express

The Life insurance industry witnessed a strong growth in new business premium during the first quarter of current financial year. Data from the Life Insurance Council shows that new business premium rose around 33.2% year-on-year for the quarter ended June 30, 2016. 


Letters: Uni funding, insurance and super | afr.com

Geoff Hanmer states that the federal government has “nothing left in the tank to offer universities for their capital funding needs” (“The efficient source of funds that universities don’t tap“, July 11). 


Kemper’s Life Business Receives Top Performer Award for Sixth Consecutive Year | Business Wire

Kemper Corporation (NYSE: KMPR) announced today that the Ward Group named Kemper’s subsidiary, United Insurance Company of America, to the 2016 Ward’s 50 Top Performers list of life insurance companies. 2016 marks the sixth consecutive year that Kemper’s life business achieved this status. 


Canada Life Group Insurance Managing Director Mc Mullan Dies – International Adviser

McMullan joined Canada Life Group in 1998, assuming the role of managing director in 2006. 


War hero forks out THREE times more on life cover than insurance company will actually pay | UK | News | Daily Express

War hero forks out THREE times more on life cover than insurance company will actually pay 


Citigroup Maintains American Equity Investment Life Holding to Buy with Price Target $18.00 – Trade Calls

Brokerage firm Citigroup Maintains its rating on American Equity Investment Life Holding(NYSE:AEL). In a research note issued to the investors, the brokerage major Lowers the price-target to $18.00 per share. 


Super-size me: NAB wealth boss Hagger to unveil MLC Super Fund

National Australia Bank’s wealth boss, Andrew Hagger, ticked off a fresh milestone in his bid to turn around the business after he formed the biggest retail superannuation fund with $70 billion after consolidating several funds to ­facilitate its $2.4bn life insurance sale. 


Irda directs life insurers not to withhold claims on dispute over discharge vouchers – The Financial Express

Irda directs life insurers not to withhold claims on dispute over discharge vouchers 


Fitch: No Impact on Chilean Life Insurers Ratings from Updated Mortality Tables | Business Wire

Fitch Ratings does not foresee changes in the ratings of Chilean life insurers, particularly those more active in the annuity business, as a result of the last update in mortality tables in force since July 1, 2016. 


General Insurance Council to create fraudulent claims data bank – The Financial Express

With most of the regulatory issues relating to the non-life insurance industry ironed out, the General Insurance Council of India is now into development of data bank of fraudulent claims, clearing house and standardisation of policy wordings for commercial policies, said a top official. 


Draghi Bazooka Elevating Stress Levels as Insurers Face Test – Bloomberg

European insurers, whose profits are being eroded by Mario Draghi’s quantitative-easing program, face a stress-test headache that risks requiring them to set aside more capital, further hurting their ability to make money. 


Now you can get health and life insurance via one combi policy – The Economic Times

Even before one starts to invest for long term goals, most financial planners will suggest getting health and life insurance plans. 


Canada Life launches group insurance website – FTAdviser.com

The group insurance site, which is launched today (12 July), is designed to be straightforward, without jargon, and provide the same language and materials to three audiences: advisers, employers and employees. 


Gen Re Adds New Underwriting Tool For Life Insurance — Insurance Networking News

Gen Re has announced the addition of Mortality Assessment Technology (MAT), a tool ttraditionally used by carriers for life insurance underwriting, as it seeks to implement the software in the reinsurance market for the first time. 


Demand for life insurance increases for eighth consecutive quarter

There has been steady demand for life insurance coverage in the United States over the last 24 months, much of it from people under the age of 45. 


News VietNamNet

According to the Ministry of Finance’s Insurance Department, the total investment capital from the insurance industry in that period increased from VND30.7 trillion in 2006 to VND150 trillion in recent years. 


British expats suffer as insurance market contracts – FTAdviser.com

UK life companies have pulled back so much from offering cover to expatriates that Britons living abroad can only get quotes from 16 per cent of the market. 


Max Life Employees Stare At Uncertain Future As Massive Job Loss Imminent – BW Businessworld

The proposed merger between two leading private insurers HDFC Life and Max Life has left employees of the latter in a state of uncertainty. Reason? 


Insurance Review: Driving it home – Mortgage Strategy Mortgage Strategy

Life insurance is the most widely known and bought protection product, yet so many people are still without it. Recent research from Scottish Widows found 50 per cent of the UK’s mortgage holders have no life cover in place, meaning 8.2 million people are leaving themselves and their families financially exposed. 


Selling Hurdles: Sale of ING Life Insurance May Take Long | BusinessKorea

or the sale of ING Life, there are a number of variables to consider, such as its time, price and the eligibility of major shareholder. 


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