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.
767,131 Shares in Apple Inc. $AAPL Purchased by Daiichi Life Insurance Co. Ltd.
Daiichi Life Insurance Co. Ltd. purchased a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional…
Meta Platforms, Inc. $META is Nan Shan Life Insurance Co. Ltd.'s 8th Largest Position
Nan Shan Life Insurance Co. Ltd. boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 6.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned…
Insurance Regulators Defend State-Led Model in Reply to Warren
The National Association of Insurance Commissioners defended its supervision of Wall Street's influence over insurers and their bets on private credit, as the group seeks to dispel US Senator Elizabeth Warren's doubts about potential regulatory…
Irdai Proposes Phased Reduction in Insurer Expense Limits and New Commission Framework
The Insurance Regulatory and Development Authority of India has unveiled comprehensive proposals to significantly reduce insurers' expenses of management and overhaul commission structures, aiming to make insurance more affordable and transparent…
Sensex, Nifty down over 1.6%: How crude oil, bond yields hit Indian markets
5 min read Mumbai Make us preferred source on Google Indian markets saw a sharp slump on Thursday as participants grew wary of surging crude oil prices, the resultant inflationary concerns, and rising bond yield — all exacerbated by the West…
NSE makes historic market debut at a premium of 1%, rises further on listing
4 min read Mumbai Make us preferred source on Google The National Stock Exchange (NSE) made its historic market debut on Thursday, with its shares listing at Rs 1,800 apiece — an around 1% premium over its IPO price of Rs 1,785. Analysts had…
IRDAI major reform agenda to force distributors to completely rethink business models, can impact earnings of banks
While insurance regulator Insurance Regulatory and Development Authority of India (IRDAI) has proposed a major reform in distribution norms by sharply cutting commission payouts across products to bring down distribution costs and benefit…
IRDAI Proposes Sweeping Reforms to Cut Insurance Commissions, Ban Forced Loan Bundling, and Stop Web 'Dark Patterns
In what is being described as one of the most significant structural resets of India's insurance sector in over a decade, the Insurance Regulatory and Development Authority of India (IRDAI) has issued a comprehensive consultation paper titled…
Sensex, Nifty fall 0.8% as rising crude, US bond yields rattle markets
Benchmark indices opened sharply lower on Thursday morning, with the Sensex falling 631.58 points, or 0.84 per cent, to 74,196.67 against its previous close of 74,828.25, after opening at 74,272.40. The Nifty 50 dropped 214 points, or 0.91 per…
IRDAI insurance commission caps explained: What changes for customers
India's insurance regulator has proposed capping what insurers pay banks, brokers and agents to sell policies, a move that could eventually make insurance cheaper for customers but squeeze distributors' incomes. The proposed norms…
Nandan Nilekani's NRJN Family Trust, others sell 11% Sedemac stake
Five entities, including Nandan Nilekani's NRJN Family Trust, divested a little over 11 per cent stake in Sedemac Mechatronics for a total of Rs 1,469 crore through separate block deals on Thursday. Sedemac Mechatronics is a powertrain controls and…
IRDAI moots changes to distribution, payout norms
Insurance regulator IRDAI has proposed an overhaul of norms governing insurance distribution, commissions and expenses, a development that turned the spotlight on shares of insurers and intermediaries on Thursday, particularly PB Fintech and…
BLK vs. TROW: Which Asset Manager's Dividend Actually Survives the Next Market Crash?
Retirement investors weighing BlackRock (NYSE:BLK | BLK Price Prediction) against T. Rowe Price (NASDAQ:TROW) are really asking one question: when the next drawdown hits and fee revenue falls with asset prices, which of these dividends actually…
New Rules: This bill could help cannabis companies finally get insurance coverage - Tucson Weekly
Under the Clarifying Law Around Insurance of Marijuana (CLAIM) Act, insurance companies would no longer face federal criminal prosecution for providing insurance to qualifying cannabis businesses. The bipartisan House bill was introduced by Reps.
State Street Corp Buys 227,439 Shares of Huntington Ingalls Industries, Inc. $HII
State Street Corp increased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 8.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned…
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