Tag: Life Insurance

NAIC Strengthens Oversight of Life Insurance Market Amid Low Interest Rates

The NAIC and state regulators have enhanced oversight over the U.S. life insurance market, updating solvency frameworks, capital requirements, and transparency measures to address risks from low interest rates and complex investments.

EMC Insurance to Sell EMC National Life to Avocet Partners

EMC Insurance to sell EMC National Life to Avocet Partners as EMC National Life Mutual Holding Co. demutualizes, focusing EMC Insurance on commercial lines.

Eleos Unveils AI Voice Agent to Enhance 24/7 Insurance Customer Support

Eleos launches AI Voice Agent to provide 24/7 customer support for life and disability insurance, enhancing digital engagement and operational efficiency.

Boston Mutual Life Names Grant D. Ward Sr. as CEO Effective 2026

Boston Mutual Life Insurance Company appoints Grant D. Ward Sr. as CEO effective 2026, underscoring a commitment to customer-centric life insurance solutions and regulatory leadership.

Q3 Earnings Wrap: Life Insurers Show Mixed Results Amid Market Shifts

Review Q3 earnings for major U.S. life insurers including Prudential, Aflac, and others. Analyze revenue results, stock reactions, and key market influences affecting the sector.

Macau Tightens Regulatory Controls on Life Insurance Referral Business

Macau's insurance regulator enforces stricter rules on life insurance referral business, emphasizing compliance, due diligence, and transparency to strengthen market integrity.

Hong Kong Insurers Brace for $334M Claims After Deadly Wang Fuk Court Fire

Hong Kong's insurance sector faces over US$334M in claims after the Wang Fuk Court fire, with insurers streamlining claims and offering premium relief.

NRN to Sell 594,000 Shares in Prabhu Mahalaxmi Life Insurance to Promoter Shareholders

NRN offers 594,000 shares of Prabhu Mahalaxmi Life Insurance to existing promoter shareholders with a 35-day application period in Kathmandu, impacting Nepal's insurance sector.

DXC Powers ivari’s Cloud Transformation, Cutting Operating Costs by 22%

DXC Technology enables Canadian insurer ivari to modernize core systems via AWS cloud, reducing operating costs by 22% and launching new life insurance products.

Global Universal Life Insurance Market to Reach $132.3B by 2033

Explore the global universal life insurance market growth projected to $132.3B by 2033, highlighting regulatory trends, AI-driven underwriting, and digital transformation shaping the industry.