The country's financial regulator has said that holders of certain types of life insurance will be able to monetize their policies and receive them as pensions to help them cover their later years of life.
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) has published the final declaration of the Insurance Sector Consultative Meeting, which was held in September.
Sumitomo Life Insurance is considering the use of digital technologies, including generative AI, to assist its sales agents, said its President Yukinori Takada.
Muang Thai Life Assurance has launched a new investment-linked life insurance product, mDesign, with premium payments of 3, 5, and 10 years, offering life insurance coverage up to age 99.
ABL Life Insurance has introduced a new trust-linked whole life insurance product geared to giving policyholders more flexibility in managing and distributing insurance benefits.
Hanwha Life Insurance is targeting the super-rich by focussing on wealth succession and setting up a family office centre in Gangnam, Seoul, to provide one-stop financial butler consulting, linking insurance, securities, and asset management functions.
Chubb Life Insurance New Zealand has appointed Mr James Dunbar as business partnership manager in the South Island regional team.
Financial Advice New Zealand is set to offer a new professional development opportunity for advisers with the introduction of the AI in Advice Certificate.
Insurance practitioners, including brokers, in Kenya are to be registered and accredited under the Insurance Professional Act 2025, whose enactment is viewed as a landmark development in the professionalisation and regulation of the insurance industry in Kenya. The Act establishes key regulatory bodies and professional standards for the segment.
Insurance agents and brokers are working to double Morocco's insurance penetration rate by 2030, according to Mr Farid Bensaid, president of the National Federation of Insurance Agents and Brokers of Morocco (FNACAM).