Standard life insurance

Aegon's India Insurance Arm Probes Leak of Customer Information - News18

Aegon's India Insurance Arm Probes Leak of Customer Information Aegon Life had more than 440,000 customers in India by January 2017, according to its website. It is a relatively small player in India's crowded life insurance sector that is dominated by state-run Life Insurance Corporation of India. New Delhi: The Indian arm of Dutch-based insurer Aegon NV said it was investigating an incident in which some customer information was leaked on its website, but added the episode was not related to any hack. Up to 10,000 customers of Aegon Life Insurance, a joint venture between Aegon and Indian media company Times Group, were possibly affected due to a website vulnerability that exposed...

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New York Implements New Standard for Annuities Sales, Wealth Management

In New York state, new regulations demanding broker/dealers selling annuities be held to a “best interest” standard goes into effect today. The amendment to Regulation 187 takes New York state’s oversight of annuities sales a step further than the state’s current "suitability" standard. The amendments were passed last July, with a scheduled phase-in date for Aug. 1. The law requires that financial services providers consider the interests of the consumer above everything else when making the annuity recommendation, mandating that any advice be “based on an evaluation of the relevant suitability information of the consumer and reflects the care, skill, prudence, and diligence that a prudent...

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Report: Global insurance M A now at highest level in four years, Insurance Business

A new report by Clyde & Co found that the level of global insurance industry mergers and acquisitions (M&A) has increased considerably in recent times. According to Clyde & Co’s Insurance Growth Report, there were 222 completed M&A deals worldwide in the first half of 2019 up from 196 in the second half of 2018. This represents a 13% increase in M&A deals – the highest increase in the volume of transactions since the first half of 2015. The figure also represents the fourth consecutive six-month period of M&A growth. While the report found that the Americas was the most active region for M&A, with 93 recorded deals, it was Europe that reported the...

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American National Announces Second Quarter 2019 Results

GALVESTON, Texas, Aug. 01, 2019 (GLOBE NEWSWIRE) -- American National Insurance Company ( ANAT ) announced net income for the second quarter of 2019 of $98.8 million or $3.67 per diluted share, up from $84.1 million or $3.12 per diluted share for the same period in 2018. Net income for the second quarter of 2019 included after-tax net gains on equity securities of $53.0 million or $1.97 per diluted share, as compared to after-tax net gains of $45.2 million or $1.68 per diluted share in the second quarter of 2018. In addition, net income for the second quarter of 2019 included after-tax realized investment earnings of $6.4 million or $0.23 per diluted share compared to $9.1 million or $0.34...

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Life Insurance Market in India 2019 Ongoing Trends and Recent Developments The Market Plan

The Indian insurance industry has witnessed significant growth in the past few years with the introduction of a wide range of advanced insurance products and services. It consists of both life and non-life insurance companies. Out of the 52 insurance companies operating in India, 24 are in the life insurance business, and 28 companies are operating in the non-life insurance segment. Insurance Regulatory and Development Authority (IRDA) is an autonomous body that regulates and promotes the insurance and re-insurance industries in India. The life insurance market in India was valued at INR 4,185 Bn in FY 2017 and is likely to expand at a compound annual growth rate (CAGR) of ~11.6% during FY...

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American National Launches New Website Nasdaq:ANAT

American National Launches New Website GALVESTON, Texas, July 18, 2019 (GLOBE NEWSWIRE) -- American National is excited to announce the launch of the newly redesigned website, AmericanNational.com. The site has been designed to create a more manageable and easy-to-use experience for clients and visitors with a new modernized look and more relevant content. The update provides a mobile first, user-focused design that easily guides both prospective and current clients to the information and services they need. The new site features upgraded navigation and functionality including: A user-experience focused design Updated product and service pages Optimized content to boost search engine...

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Strategic Market Intelligence: Life Insurance in India Financial Planning

Strategic Market Intelligence: Life Insurance in India “Strategic Market Intelligence: Life Insurance in India – 2017″ report provides a detailed outlook by product category for the Indian life insurance segment, and a comparison of the Indian life insurance with its regional counterparts. It provides values for key performance indicators such as written premium, incurred loss, claims paid, commissions and expenses, combined ratio, total assets, total investment income and net earned premium during the review period (2012-2016) and forecast period (2016-2021). The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Indian economy and...

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Life Insurance Market Revenue 2019 Asian Life Insurance Company, China Life Insurance Company Limited, Sumitomo Life Insurance, CNP Assurances Market Reports

Detailed market study on the Global Life Insurance Industry Market Research Report from Market Research Place covers elaborate competitive outlook including the market share and size, company profiles of the key participants operating in the market. The report deeply explores Life Insurance market growth factors, production techniques, industry drivers, restraints, opportunities, challenges, for beginners and established players in the market, and seven-year forecasts to 2025. The report contains several important factors to advanced market intelligence which can help manufacturers in planning future strategies. The analysis phase begins with a comparative study of top leading players in...

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Standard Life announces sale of its Hong Kong insurance business

Standard Life has announced that terms have been agreed to sell its Hong Kong insurance business, Standard Life (Asia), to its Chinese joint venture insurance business, Heng An Standard Life Insurance Company Limited (HASL), after 18 years in the region. The transaction is subject to obtaining local regulatory and other approvals in Mainland China and Hong Kong and it is anticipated that this could take up to 18 months, the company said in a statement announcing the sale. The final consideration will be calculated as at the date of completion and will be payable in cash. HASL conducts insurance business in China and distributes a range of individual savings, investment and protection...

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Phoenixed! The end of Standard Life as we know it and implication for platform users - FinalytiQ

Phoenixed! The end of Standard Life as we know it and implication for platform users The big news on Friday is that Standard Life Aberdeen (SLA) has agreed to flog its life and pension business to the grandmaster of dead closed book consolidation, aka Phoenix Group. Phoenix is where customer service goes to die. It’s where life policies become lifeless, and pension plans are ‘zombified’. You might remember such names as Pearl, Abbey Life, Sun Life and Axa Wealth! But you only really know Phoenix exits when you’re banging your head against your desk trying to get a valuation from them. With this deal, SLA is effectively getting out of life and pensions business for good. It intends...

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