An official with CAMS Insurance Repository Services, said, 'The business volumes have increased in the last six months owing to IRDAI's (Insurance Regulatory and Development Authority of India) decision asking the life insurers
to digitise all policies received in digital format.
Related: Flu Czars Not Sure Life Insurers
Can Pay Pandemic Claims
ISLAMABAD -- The Securities and Exchange Commission of Pakistan (SECP) has issued a regulatory directive to the life insurers
to file their products in accordance with the standardized submission requirements.
In the face of a weak economic recovery and stubbornly low interest rates, life insurers
suffered significant stock price declines in 2011, performance worse than not only the S&P 500 but also property/casualty companies.
Thailand's Siam Commercial Bank Pcl (SCB.TH) has said that it will make a tender offer for the 3.5 million shares, or 5.3 percent, that it does not already own in life insurer
Siam Commercial New York Life Pcl (SCNYL.TH) at THB266.89 (USD8.8) a share, reports Dow Jones.
Many major Japanese life insurers
enjoyed greater earnings for the April-September period thanks partly to robust sales at banks of insurance products, with six of the nine top firms logging increases in their revenues, according to their earnings statements released by Wednesday.
and 14 other Japanese life insurers
doing business in Taiwan during the 1895-1945 Japanese rule said Tuesday they have signed a contract with a law firm in Taiwan to help pay back premiums and insurance money to local policyholders.
From the perspective of an economist, to a life insurer
, "minimum return guarantees are long-dated put options on market risk."
The UK vote to withdraw from the European Union (EU) is a negative credit development for US life insurers
, as it will increase economic uncertainty and likely affect monetary policy in the US, according to Fitch Ratings.
The home office head count increased 5.5%, to 348,300, which is the highest life insurer
home office head count recorded since 2010.
Indeed, this is why the regulatory concern in some states over adequate life insurer
reserve levels pursuant to Actuarial Guideline 38 applying to universal life with secondary guarantees (ULSG) is not just a small-screen issue.