The shrinking of the agency forces of several listed insurance companies has eased, based on data shown for the first half of 2024.
Huize Holding, a Nasdaq-listed Chinese insurance technology platform company, has announced that its international arm Poni InsurTech has completed its acquisition of 71.7% stake in Vietnam-based Global Care Consulting Joint Stock Company. The Vietnamese InsurTech company specialises in digital transformation solutions for the insurance industry.
FWD Life Insurance (FWD) has launched its latest critical illness insurance product, "CI Re-Claim Re-Care," under the "Total CIs Solutions" concept.
MDRT has appointed Ms Carol Kheng as president of its executive committee. In her new role, she will ensure all members have the resources that best meet their needs, while expanding previously established initiatives. She will also focus on strengthening the global network of MDRT professionals and celebrating member accomplishments as they continue to reach new heights of personal and professional success.
Tata AIA Life Insurance (Tata AIA) has launched its offshore branch at Gujarat International Finance Tec-City (GIFT City), India's first International Financial Services Centre (IFSC). It allows the company to offer US Dollar-denominated life insurance products to Non-Resident Indians (NRIs) through its dedicated website.
The community programme, called "Hoops+Health", is inspiring engagement, activity and healthy living through basketball by improving community access to courts and education across six Asian markets.
Sun Life has appointed Mr David Lim as chief agency officer for Asia, effective 2 September 2024. In his new role, Mr Lim will lead the delivery of a future-ready agency model leveraging digital platforms to enhance client experience across the Asia businesses. He will also help advise on channel growth, provide insights to develop best practices and foster greater engagement between clients, advisors and Sun Life.
Great Eastern has launched its Great Legacy programme to help Singaporeans with their Lasting Power of Attorney (LPA) and Advance Medical Directive (AMD) applications.
National Australia Bank (NAB) has agreed to sell 80% of its life insurance arm to Japan's Nippon Life Insurance Co for about US$1.7 billion, said a person familiar with the matter.
Manulife Vietnam has announced its new mobile app, 'Manulife Vietnam', designed to empower customers with convenient access to their insurance policies on handheld devices.