Products and Providers

6+ hour, 43+ min ago   (360+ words) European regulators have urged more detailed oversight over alternative assets and reinsurance arrangements at insurers backed by private equity. The European Insurance and Occupational Pensions Authority has told national supervisors across the European Union of their expectations for the regulation…...

22+ hour, 39+ min ago   (155+ words) Lincoln Financial, a U.S. financial services and insurance company, has closed its previously announced $6.3 bn reinsurance transaction with Talcott Financial Group, effective Oct. 1, 2026. Under the transaction, a Talcott subsidiary will reinsure approximately $5.8 bn of in-force guaranteed universal life statutory reserves. The…...

17+ hour, 54+ min ago   (243+ words) India’s independent insurance brokers have a new reason to watch the bancassurance channel closely. ICICI Life Insurance has handed its top job to a career banker, reinforcing where one of the country’s largest private life insurers expects to generate growth....

1+ day, 3+ hour ago   (253+ words) IRDAI's consultation paper treats “selling regular premium life insurance products without explaining the consequences of discontinuation of paying premium and the low surrender values” as mis-selling. Only 48% of life policies survive to the 61st month. | Image: Shutterstock ##Surrender value of life…...

1+ day, 8+ hour ago   (255+ words) In response to the growing interest amongst private investors in private equity, Bil supports insurers, independent asset managers and family offices with a specialised custodian solution, enabling these investments to be integrated into Luxembourg life insurance policies in a seamless,…...

2+ day, 3+ hour ago   (269+ words) Prismic Life Holding Company, LP announced an agreement with Prudential Financial, Inc. to reinsure a portion of Prudential’s recently originated Japanese whole life policies. A spokesperson said, “Under the terms of the agreement, Prismic will reinsure approximately $5 billion of reserves…...

1+ day, 10+ hour ago   (533+ words) The Narendra Bharindwal-led Insurance Brokers Association of India (IBAI) has written to the Prime Minister's office seeking intervention in a proposed insurance distribution reform issued by the Insurance Regulatory and Development Authority of India (IRDAI) last month. These include over…...

1+ day, 12+ hour ago   (819+ words) At the end of 2024, niche commercial insurer Peach decided to rebrand in a move it described as “reflecting the evolution of the business”. Read: ‘Big’ changes and ambitions since taking over as Peach boss The firm had been known as…...

1+ day, 13+ hour ago   (167+ words) This is part 2 of a two-part series. Part 1 showed, using the insurance regulatory and development authority of India (IRDA)'s own data, how much of policyholders' premium goes to banks, NBFCs and other distributors as commission. This part explains why…...

1+ day, 14+ hour ago   (108+ words) Mumbai: Private sector firm ‘ICICI Prudential Life Insurance‘ on Monday rebranded itself as ‘ICICI Life Insurance’ following Prudential Plc ceasing to be a promoter of the entity. The company also announced a new tagline for the brand, ‘Har Kal Aasan…...