Life Insurance Industry News
A collection of Life Insurance latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
IIT Bombay to set up AI-powered cyber defence hub for insurance with SBI Life
2 min read New Delhi Make us preferred source on Google The Indian Institute of Technology Bombay (IIT Bombay) has partnered with SBI Life Insurance to establish the ‘Bharat AI & Cyber Innovation Hub for Insurance', a joint research and…
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Gaana appoints Shabnam Majumdar as director- partnerships & alliances
Shabnam Majumdar has joined Gaana as director – partnerships and alliances. In her new role, she will lead revenue partnerships for the audio streaming platform, focusing on strategic alliances, commercial collaborations and expanding the…
Woori Financial's bid to take Tongyang Life private continues to stall amid shareholder backlash
Woori Financial Group's plan to take Tongyang Life Insurance private has hit a snag in the final stages, as a dispute over the proposed share-swap ratio draws heightened regulatory scrutiny and underscores Korea's growing emphasis on protecting…
Rampant' Mis-Selling And Fake Policy Fraud Plague India's Insurance Sector: LIC Executive
India's largest insurance provider LIC noted that massive mis-selling and fraud are rampant in India's insurance landscape even after IRDAI's recent moves to strengthen governing policies. Ratnakar Patnaik, Managing director at LIC, said that…
Baby boomer divorce is booming. It's causing chaos for retirement plans and testing family ties.
Baby boomers are having some second thoughts about the whole 'till death do us part' thing. Instead of waiting for someone to land in a coffin to go their separate ways, they're going to the courthouse. Longer lives have married people wondering…
European Insurers Rethink BPO for AI Era
European life and retirement insurers are reshaping business process outsourcing (BPO) relationships to strengthen resilience, compliance and AI-ready modernization as regulatory scrutiny and legacy complexity increase, according to a new research…
This insurance stock is on an impressive run. How to ride the momentum with less risk
MetLife (MET) is well-positioned in the life insurance and benefits sector, exhibiting fundamental momentum that the broader market hasn't fully priced in. Backed by scale, brand equity, and an experienced leadership team, MetLife is firing on all…
Aflac Japan Data Breach Impacts 4.38 Million
Aflac Life Insurance Japan, a subsidiary of insurance giant Aflac, on Tuesday announced that hackers stole the personal information of 4.38 million customers. The company's systems were hacked on June 15, and the attackers accessed them several…
Japanese insurers buoyed by overseas earnings: Fitch Ratings
Japan's leading non-life insurers are expected to maintain strong underwriting results, with Mitsui Sumitomo Insurance Company Ltd., Sompo Japan Insurance Inc. and Tokio Marine and Nichido Fire Insurance Company Ltd. posting combined profits of…
Sensex slips below 77,000, Nifty holds near 23,900 in volatile monthly expiry session
Benchmarks opened higher on Tuesday morning but pared early gains amid monthly derivatives expiry and continuing uncertainty over US-Iran negotiations. The BSE Sensex, which closed at 76,728.37 in the previous session, opened at 77,005.51 and was…
Tata AIA launches two cancer insurance plans with income replacement option
Tata AIA Life Insurance has launched two new products, Sampoorna Care - Cancer and Sampoorna Care - Cancer Fund, aimed at addressing income loss and savings disruption caused by a cancer diagnosis. Sampoorna Care - Cancer offers cover of up to…
SIR begins today in Maharashtra: What voters need to know when BLOs come calling
The Special Intensive Revision (SIR) of electoral rolls begins across Maharashtra today, with Booth Level Officers (BLOs) set to fan out across the state for a month-long door-to-door verification exercise. As electors receive Enumeration Forms and…
SG Americas Securities LLC Has $5.07 Million Stock Position in Lincoln Electric Holdings, Inc. $LECO
SG Americas Securities LLC lessened its stake in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) by 81.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,347…
9,300 Shares in Primerica, Inc. $PRI Purchased by Louisiana State Employees Retirement System
Louisiana State Employees Retirement System bought a new position in Primerica, Inc. (NYSE:PRI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 9,300 shares of the…
Primerica, Inc. (NYSE:PRI) Given Consensus Rating of 'Hold' by Brokerages
Shares of Primerica, Inc. (NYSE:PRI - Get Free Report) have been given an average rating of 'Hold' by the eight analysts that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold…
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