Latest Life Insurance Headlines
All the headlines from our Life Insurance Topic Page, ordered by recency.
Life Insurers Go Slow on New Policies to Limit Coronavirus Risk
Mar 19 2020 // U.S. life insurers are trying to curb their own risks to coronavirus by imposing waiting periods for applicants who have traveled to regions with widespread outbreaks, industry experts said. Life insurers are worried about...
AM Best to Test Insurers for Coronavirus Impact; Fitch Lowers Allstate Outlook
Mar 18 2020 // Ratings firm AM Best said it is developing stress testing that it will conduct on its rated insurance companies’ balance sheets to gauge the impact of the COVID-19 virus fallout on their risk-adjusted capital levels,...
China Non-Life Insurers See Big Drop in Car Accident Claims in Coronavirus Silver Lining
Mar 12 2020 // Chinese non-life insurers are discovering a silver lining to the cloud spreading over China’s economic performance from the coronavirus outbreak – a sharp drop in car accident claims. Beijing’s efforts to...
Analyst Warns Regulatory Battle Over AI Bias to Grow; Lemonade Argues It’s Fair
Feb 14 2020 // As insurers introduce artificial intelligence into pricing and claims handling activities, regulatory focus on disparate impact will grow into “one of the biggest topics of the next 10 years,” a well-known...
Best’s See Limited Non-Life Insurance Losses in China From Coronavirus Epidemic
Feb 4 2020 // Rating firm AM Best said it expects that China’s non-life insurance market will experience limited losses from the ongoing coronavirus outbreak. The analysts based their outlook on factors including the central...
Tennessee Touts Insurance Market Growth; Cites $31M Recovered for Consumers
Jan 13 2020 // More than $31.4 million was located and returned to Tennesseans in combined life insurance benefits/annuities and monies returned through the department’s mediation efforts in 2019, according to the Tennessee...
Verisk Signs Agreement to Acquire New Jersey’s FAST
Dec 4 2019 // Verisk, a Jersey City, N.J.-headquartered data analytics provider, has signed a definitive agreement to acquire FAST, a privately held software company for the life insurance and annuity industry based in Iselin, N.J. FAST...
Reinsurers Pressure Life Insurers Over Vaping Health Risks
Dec 3 2019 // Global reinsurers are stepping up their warnings to life insurer clients about the potential risks of vaping, putting pressure on underwriters to charge certain vapers higher rates than smokers, or even exclude them...
Washington Insurance Commissioner Issued Numerous Fines, Disciplinary Actions
Nov 1 2019 // Washington Insurance Commissioner Mike Kreidler took disciplinary action in July, August and September against insurance companies, agents and brokers for violating state insurance regulations. A summary of cases of...
Typhoons Faxai, Hagibis Unlikely to Affect Stability of Japan’s Non-Life Insurers: AM Best
Oct 18 2019 // The recent mega-typhoons in Japan are unlikely to affect the financial stability of the country’s three major non-life insurers due to their appropriate catastrophe risk management and strong capitalization levels,...
Brexit Creates Opportunities for Specialist Legacy Acquisition Insurers
Oct 18 2019 // Britain’s impending departure from the European Union is creating expansion opportunities for specialist general insurers who buy and manage policies closed to new customers. Whether Britain leaves the European Union...
Swiss Re-Backed Insurer FWD Eyes China Expansion Ahead of Potential IPO
Jul 31 2019 // Fast-growing insurer FWD is seeking to launch operations in China ahead of any public offering and plans to bolster its non-life business in Asia, its chief executive said, as a potential shake-up looms in the...
New York DFS Superintendent Lacewell Announces New Executive Appointments
Jul 8 2019 // New York Department of Financial Services (DFS) Superintendent Linda A. Lacewell has announced new executive appointments. Steven F. Kluger has been appointed executive deputy superintendent for Capital Markets, James V....
Santander Pays $1.1B to Replace Allianz with Aegon, Mapfre in Spain Joint Venture
Jun 25 2019 // Banco Santander SA agreed to pay 937 million euros ($1.1 billion) to buy Allianz SE out of an insurance joint venture in Spain, more than halving the value of the German insurer’s assets under management in the...
Zurich Completes Acquisition of ANZ’s Life Insurance Business in Australia
Jun 3 2019 // Zurich Insurance Group said it has completed the acquisition of the life insurance businesses of Australia & New Zealand Banking Group Ltd. (ANZ), becoming a major life insurer for retail customers in the Australian...
Swiss Re-Backed FWD in Talks for Biggest-Ever Southeast Asian Insurance Deal
Mar 22 2019 // FWD Group, backed by billionaire Richard Li, has revived talks about a potential acquisition of the life insurance operations of Thailand’s Siam Commercial Bank Pcl after a two-year hiatus. Siam Commercial reached a...
Belgium’s Ageas Acquires 40% Stake in Indian Non-Life Insurer RSGI
Feb 25 2019 // Brussels-based insurer Ageas has acquired 40 percent of the share capital of the Indian Non-Life insurance company Royal Sundaram General Insurance Co. Limited (RSGI) for a total cash consideration of €185 million...
Japan Insurers Eye China Acquisitions in Continuation of Overseas Deal Spree
Feb 4 2019 // Japanese insurance companies have spent more than $50 billion on acquisitions over the past five years to become the world’s second-largest buyer of insurance assets, and the deals spree won’t be slowing down...
Ageas Agrees to Acquire 40% Stake in India Non-Life insurer RSGI
Nov 14 2018 // Brussels-based insurer Ageas announced it has signed an agreement to acquire 40 percent of the share capital of the Indian non-life insurance company Royal Sundaram General Insurance Co. Ltd. (RSGI) for a total...
Australia’s AMP to Sell Life Insurance Arm at Discount, as Funds Bleed Cash
Oct 25 2018 // Australia’s largest wealth manager AMP Ltd said on Thursday it would sell its life insurance arm at a discount and revealed its funds were hemorrhaging cash as clients pulled out their money in response to...
