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Nexus launches online offering for instant life cover in the UAE

By: Christopher Copper-Ind | 09 Oct 2018

Nexus, the largest financial adviser in the GCC region, has teamed up with Zurich International Life to offer instant life insurance online with no medical check needed.…

51% of UAE residents do not have life insurance: Survey

By: Pedro Goncalves | 27 Sep 2018

More than half of the UAE residents do not have a life insurance coverage while one-fourth are covered against serious illness as many of them found it…

Australian fund admits wrongdoing to ASIC

By: Pedro Goncalves | 24 Sep 2018

A A$52bn industry superannuation fund admitted to inadvertently breaching the rules in a report filed with ASIC. The misconduct involved REST continuing to deduct insurance premiums when…

UK regulator closes investigation into life assurance providers

By: Christopher Copper-Ind | 19 Sep 2018

Britain’s Financial Conduct Authority (FCA) has today announced that its remaining investigations into firms, following its thematic review into the fair treatment of longstanding customers in the…

ASIC slams life insurance companies for aggressive sales tactics

By: Pedro Goncalves | 30 Aug 2018

Pressure tactics and bonus schemes that prioritise new sales are causing some customers to take out life insurance policies they may not want or need, and which…

Singapore’s life insurance industry sees 20% rise in new business

By: Pedro Goncalves | 13 Aug 2018

The life insurance industry in Singapore reported a 20% on-year increase in new business premiums for the first half of this year to reach a total of…

Payments to expats’ pensions and life policies ‘illegal’ via a ‘no deal’ Brexit

By: Gary Robinson | 24 Jul 2018

Payments to pensions and life policies that could affect up to 38 million policyholders across the European Union have been deemed “illegal” in a post Brexit environment…

Popular AILO CEO retires after 47 years in the industry

By: Gary Robinson | 29 Jun 2018

The Association of International Life Offices (AILO) has announced the retirement of its CEO, well-known industry figure Alan Morgan-Moodie. Morgan-Moodie will stand down as CEO at the…

Standard Life pair join enlarged Phoenix Group executive

By: Gary Robinson | 26 Jun 2018

Phoenix Group has announced the new executive management team which will manage the enlarged business upon completion of the Standard Life Assurance Limited acquisition. The deal, which…

LGIM names Australia’s Bravura as partner for digital expansion

By: Gary Robinson | 25 Jun 2018

Legal & General Investment Management has named Australian digital financial services company Bravura as a partner for its expanding digital investment offering. The company said in a…

Canada Life sells legacy client block to Scottish Friendly

By: Gary Robinson | 21 Jun 2018

Canada Life has sold a block of its older UK policies to Scottish Friendly – Scotland’s largest financial mutual.  The deal, which will not impact on the company’s international…

New Zealand’s ANZ to sell life business to US-listed Cigna

By: Gary Robinson | 04 Jun 2018

ANZ Bank New Zealand is to sell its New Zealand life insurance business to US-listed Cigna for $482m, in the second sale of an ANC non-core business…

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