APRA releases life insurance stats for June 2023. Get insights into the industry’s performance, financial position, capital adequacy, and key ratios.
Tag: Life insurance
John Hancock files suit against Wells Fargo over a life insurance dilemma. Lawsuit raises questions about using policies as loan collateral and impacts policy owners and financial professionals.
Selangor MB denies state life insurance scheme Insan data leak allegations. Public data used for implementation, no profit or political use. Tighter controls to prevent breaches. Participation is voluntary.
China Life Insurance Company Limited announces its 2023 interim results, revealing impressive figures with total assets of RMB5,507,193 million and an embedded value of RMB1,311,669 million. The company’s total revenue is RMB186,324 million, and gross written premiums increase by 6.9% to RMB470,115 million. Net profit attributable to equity holders is RMB36,151 million. China Life Insurance demonstrates steady progress and stability in all aspects of its operations, prioritizing high-quality development. The company capitalizes on China’s economic recovery and focuses on individual agent business, bancassurance channel, and group insurance.
Looking to settle your life insurance policy? Explore reasons like increased premiums and shifting financial needs with expert guidance.
Finma criticizes the insurance industry’s lack of transparency and misleading promises in selling life insurance policies, calling for increased oversight and realistic information to protect customers’ interests.
Find out if life insurance covers suicidal death in Utah. Understand the suicide clause in policies and Utah laws regarding payout.