Manulife is integrating GenAI with agent operations in Singapore and enhancing capabilities in contact centres and underwriting processes.
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.
FWD Group Holdings Limited marked its 10th anniversary since the FWD brand was introduced on 14 August 2013, by announcing its '10 grants in 10 markets' charitable initiative for local communities.
The 8th Asia Trusted Life Agents & Advisers Awards (ATLAA) concluded yesterday evening, celebrating 16 winners recognised for their outstanding contributions and performance.
FWD Group Holdings (FWD) is expanding its financial literacy programme, JA SparktheDream, to span seven markets in Asia as part of its 10th anniversary year community initiatives. Developed in partnership with Junior Achievement Asia Pacific (JA), the programme integrates financial, social and life skills education for students to help boost financial literacy in the region.
Nippon Life has partnered with AI cloud tech firm H2O.ai to deploy driverless AI tools for the insurer's business. This will, in turn, better meet the needs of the company's policyholders, improve financial security of corporate health insurance unions, and support health promotion and disease prevention.
Japanese insurer Dai-ichi Life Holdings has acquired New Zealand firm Partners Life as a wholly owned subsidiary.
Life insurers and pension funds in the country sold record amounts of foreign bonds in July as heightened volatility in global debt markets dampened appetite.
Nippon Life Insurance Co is lowering its estimated rate of return on corporate pension insurance policies. This will be the first time it has slashed its estimated rate in 21 years.
With the number of daily confirmed COVID-19 cases in Japan reaching new highs, fanned by the rapid spread of the Omicron variant, Japanese insurers have seen predictably robust demand for COVID insurance policies.
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