Insurance News on Facebook

Monday, 15 November 2010

News Posts 20101108-20101114

Insurance News The proposed acquisition of P&O by Prudential has been called off.
KUALA LUMPUR: Pacific & Orient Bhd has called off the preliminary negotiations for the proposed divestment of an equity interest in Pacific & Orient Insurance Co. Bhd to Prudential Holdings Ltd.
November 13, 2010

Insurance News Has insurance industry lost its focus? Instead of selling on protection, are we now emphasising too much on investment return? Insurance veteran Captain Chia thinks so. The unhealthy trend nowadays in the industry is consumers are pursuaded at shopping malls, through SMS/internet to buy insurance for its short premium payment period and high illustrated return. Many have lost track of the fundamental of insurance which is "love and responsibility". The consequences are low persistency, lack of needs based selling and also agents shying away from customers when investment return is worse than illustrated. Insurance products should not be sold on its return. Your views?
谢观兴 保险,顾名思义,原是讲求和着重保障的金融产品,但国内外保险市场上近期出现的一些乱象,令这个传统保障型产品已变相被当成另一种讲求投资回报的产品。
November 12, 2010

Insurance News It seems that the sale of Pacific Insurance to Fairfax Asia will need to complete by 17 April 2011.
KUALA LUMPUR: Bank Negara Malaysia (BNM) has given Oversea-Chinese Banking Corporation Ltd (OCBC) another six months from Oct 17, for the latter to comply with the approval conditions in the acquisition of PACIFICMAS BHD
November 11, 2010

Insurance News ING will demerge its banking and insurance operations by having 2 IPOs for its insurer, one in US and one in Europe.
AMSTERDAM: Dutch banking and insurance group ING yesterday said it was planning two initial public offerings for its insurance activities as part of a split of the group.
November 11, 2010

Insurance News The role of the actuary will evolve in the years ahead "to deliver more robust ERM, including designing potential scenarios rather than solely performing retrospective statistical analysis", according to Aon Benfield. "Managing emerging risks is an opportunity for actuaries to add significant value to the risk management function."
Aon Benfield is highlighting what it sees as the future "critical" role of actuaries in managing emerging risks for the re/insurance industry.
November 10, 2010

Insurance News Takaful Malaysia will look for growth opportunities in countries like Indonesia as the competition in the local industry becomes stiffer following the issuance of 4 new takaful licences. Takaful Malaysia's Indonesian venture currently contributes 5% of the group revenue. The strategy in Indonesia for Takaful Malaysia is to focus on bancaassurance.
STIFFER competition in the local takaful industry, brought on by the issuance of new takaful family licences to four new players, is driving Takaful Malaysia to look beyond the country for more growth opportunities.
November 10, 2010

No comments:

Post a Comment