Data from comparethemarket.com indicates consumers in the Southeast of England appear to have the strongest appetite for purchasing life insurance, compared to those in other …
Royal London research: advisers predict stable outlook for protection market
Research commissioned by Royal London indicates financial advisers have confidence in the protection insurance market and they predict a stable market outlook for this year. …
Pensions dashboard prototype demonstrated to UK gov ministers
A pensions dashboard prototype that should one day allow people to see all of their pension savings and entitlements online has been delivered on time and demonstrated to government ministers.…
Fitch: Compensation from annuity sales review could cost UK life sector £500m
Fitch Ratings has warned that mis-selling provisions booked by three UK life insurers show regulatory scrutiny of firms’ historical conduct remains a threat to profitability and support its nega…
Timetric: Philippine life insurance market set for substantial growth
The Philippine life insurance market’s gross written premium is forecast to rise from PHP201.9bn ($4bn) in 2015 to PHP302.3bn in 2020 at a CAGR of 8.4%, according to Timetric’s Insurance Intelligence …
LIMRA: US retail life insurance premium increases 3% in 2016
Total US life insurance new annualised premium grew 5% in Q4 2016 – resulting in a 3% increase in 2016 – according to LIMRA’s Fourth Quarter Retail Life Insurance Sales Survey.…
Ireland’s appeal for insurers post-Brexit vote
Brexit has spurred the Central Bank of Ireland to receive five applications for authorisation as an insurance or reinsurance undertaking, according to its director of insurance supervision, Sylvia Cro…
LMG publishes Brexit recommendations for UK government
The London Market Group (LMG), which represents the insurance and reinsurance market in London, has published its recommendations to the UK Government in its Brexit negotiations.…
Pre-Budget warning that further IPT rise may hit PMI
Ahead of tomorrow’s UK budget, Brett Hill, managing director of The Health Insurance Group, has warned that a further increase in insurance premium tax (IPT) could cause people to give up on private m…
Timetric: Japanese life insurers explore foreign growth opportunities
The gross written premium of the Japanese life segment is forecast to increase from JPY28.3trn ($248.9bn) in 2015 to JPY30trn in 2020, according to Timetric’s Insurance Intelligence Center (IIC).…