Bank of England Staff Paper: UK and US Life Insurers Diverge on Corporate Bonds
A Bank of England staff working paper examines how UK and US monetary policy shocks affect life insurers’ demand for UK corporate bonds, with…
Line of Business
Life & Health
Citizens Signs Bestow Platform Deal for Its Final Expense Whole Life Products
Citizens, Inc. entered into a Master Software as a Service Agreement with Bestow Agency LLC, in an arrangement covering its final expense products, an…
EIOPA Opens Consultation on Draft Supervisory Statement for IBIP Sales
EIOPA has placed a draft Supervisory Statement on the supervision of IBIP sales processes and pre-contractual disclosures in public consultation.
Prudential Life Japan Publishes Report on Inappropriate Monetary Conduct
Prudential Life Insurance Co., Ltd. has published a Special Investigation Committee report on Inappropriate Monetary Conduct, with details on discipline, reimbursement and reforms the…
F&G Form 8-K Estimates Third-Quarter Alternative Investment Income
F&G Annuities & Life’s Form 8-K estimates its third-quarter investment income from alternative investments, with the company’s own caveats.
Horace Mann Completes Employee Services Acquisition From Medical Mutual of Ohio
Horace Mann has completed its acquisition of Employee Services, LLC from Medical Mutual of Ohio, while a separate Reserve National transaction is still pending.
EIOPA Calls Heatwaves the Deadliest Climate Hazard Facing Europe’s Insurance Sector
EIOPA has identified extreme heat as the leading climate-related liability risk for Europe's life and health insurers and pension providers. A new risk-scoring framework…
IRDAI Paper Proposes Lower Expense Limits and a New Distribution Architecture
IRDAI has released a public consultation paper proposing a new distribution architecture, lower expense of management limits and mis-selling safeguards.
FCA and Partners Join Forces to Increase UK Protection Insurance Cover
The FCA says “we’re working with partners to increase coverage” and that it isn’t planning new market-wide measures, but will take action where firms…
OJK and Kemenkes Launch KAPJ Task Force to Cut Indonesia’s Health Financing Costs
Indonesia’s OJK and Ministry of Health launched the KAPJ task force with five insurers and seven hospital networks signing cooperation agreements to standardize claims…