Life

Prudential Thailand deploys Munich Re's digital solution, customers can avail real-time underwriting decisions

International News       Aug 14, 2020

  BANGKOK: Prudential Life Assurance (Thailand) Public Company has launched the new cloud-based digital underwriting and analytics solution, ALLFINANZ SPARK, developed by Munich Re Automation Solutions Pte Prudential Thailand is now able to serve customers better by providing them with underwriting decisions in real-time as well...

Digital and new business capabilities driving modernisation of life insurers: Novarica CIO Study

International News       Aug 13, 2020

  Philadelphia: In a new research report underwritten by Equisoft, Novarica presents the findings of an interview series conducted with mid- to large-size US life insurance carriers to identify the key drivers for policy administration system modernization projects, as well as the major factors that determine...

UK life insurers pay 90 million pounds in COVID-19 claims - trade body

International News       Aug 13, 2020

  LONDON:  British life insurers paid 90 million pounds in claims related to deaths from the COVID-19 pandemic in the three months to end-May, the Association of British Insurers (ABI) said on Thursday. Insurers received 7,000 life insurance claims from families of people who died from...

Britain's Prudential to exit U.S. business,focus on Asia, Africa

International News       Aug 12, 2020

LONDON:  British life insurer Prudential said on Tuesday it planned to spin off its U.S. business Jackson to focus on Africa and its largest market Asia, responding to investor pressure for a split. Prudential’s shares hit eight-week highs as investors cheered news the company would...

Prudential Thailand and The 1 to launch country’s first lifestyle-health collaboration

International News       Aug 11, 2020

HONG KONG: Prudential Life Assurance (Thailand) Public Company Limited ("Prudential Thailand") and The 1 CENTRAL LIMITED ("The 1") today signed an agreement for the country's first lifestyle and health collaboration, bringing enhanced digital services to members of Thailand's leading loyalty programme. The 1 is Thailand's...

LIC launches month-long `Special Revival Campaign'' for its policyholders

Indian News       Aug 09, 2020

Mumbai: To encourage continuation of risk cover in the current circumstances of high risk Cavid-19 Pandemic, the Life Insurance Corporation(LIC) on Sunday has unveiled `Special Revival Campaign; for its policyholders to revive their lapsed policies. Policies which are in lapsed condition during the premium paying...

Alby Van Wyk, Executive Vice President, Asia, Munich Re Automation Solutions

``Millennial buyers and the maturity of digital tools will bring about profound change in insurance distribution models''

Interviews       Aug 09, 2020

  How do you see the situation triggered by the Covid-19 Pandemic and its extensive impacts on insurers? The biggest challenges and impact insurers are facing due to Covid-19 are: (1)the inability to sell face-to-face (this is pretty much how insurance was sold to date) (2)the...

 Life insurers can obtain customer’s consent without requiring wet signature in pure risk products till Dec 31:IRDAI

Indian News       Aug 06, 2020

  Hydearabad: In a bid to manage  the situation arising in the wake of COVID-19 outbreak,the segment regulator IRDAI has allowed life Insurers to obtain the customer’s consent without requiring wet signature on the hard copy of the proposal form, for the business solicited by insurance...

Aviva's new CEO to cut focus on Asia and Europe

International News       Aug 06, 2020

  LONDON: Aviva shares soared to five-month highs on Thursday after the British life, motor and home insurer’s new chief executive Amanda Blanc said it would reduce its focus on Asia and Europe in a strategy shift welcomed by analysts. Blanc took over last month to...

AIA and Practo joins hands to promote consumer wellness in India

Indian News       Aug 04, 2020

  Mumbai:  AIA Group and Practo, Indian digital healthcare platform.have joined hands to promote consumer wellness in the country  Founded in 2008,Practo connects the entire health ecosystem – patients, doctors, pharmacy, diagnostics, clinics, hospitals and other partners – together. By integrating different parts of the healthcare...

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