China's National Financial Regulatory Administration (NFRA) has issued a policy directive aimed at transforming the personal sales structure of the life insurance industry. The new framework, detailed in a notice released just recently, seeks to realign commission incentives, raise professional standards, and strengthen long-term service capabilities among life insurance agents. The move also supports the development of industry-wide product classification and agent tiering standards, to be led by the Insurance Association of China.
Manulife Hong Kong and JUST FEEL, a Hong Kong-based NGO dedicated to emotional education, has announced a multi-year strategic charity partnership.
Prudential Assurance has announced plans to recruit and train more than 5,000 sales agents across Kenya over the next five years. This plan will increase its agency channel from 1,000 at present to over 5,000.
Pru Life UK is looking at banks and non-traditional players to partner with in a bid to boost its distribution network and include more Filipinos into the social protection system.
TATA AIG General Insurance has unveiled a new health insurance product, MediCare Select, as part of its ongoing expansion strategy in India's retail health segment.
Australians shun social media and turn to market research and financial advisers for investment information and education, a new survey from HSBC Australia reveals.
Bajaj Allianz Life Insurance has introduced a new term insurance policy designed specifically for women, reflecting an effort to align its offerings with changing customer profiles and protection needs.
AXA Hong Kong and Macau has teamed up with Ant Bank and AlipayHK to provide insurance products and services to AlipayHK users via Ant Bank and its Mini App within the AlipayHK App.
Prudential Cambodia and PPCBank celebrated the fifth anniversary of their bancassurance partnership by extending their Memorandum of Understanding (MoU) for another five years.
Sun Life, in partnership with global sport for social change foundation Beyond Sport, has announced the extension of its "Hoops + Health" philanthropy programme for the second year, with the goal of helping 45,000 young people get active by the end of 2025 by providing safe spaces, coaching programmes and equipment in underprivileged communities.