Sun Life has announced a new initiative that seeks to offer high-net-worth (HNW) clients in Hong Kong, Singapore, and Taiwan access to PinnacleCare's specialised private health advisory services.
Nan Shan Life Insurance Co, Taiwan's third-largest life insurer, anticipates a rebound for the industry with the Federal Reserve (Fed) ending its interest rate increases and as a four-year ban on selling investment-linked products was lifted.
The 8th Asia Trusted Life Agents & Advisers Awards (ATLAA) concluded yesterday evening, celebrating 16 winners recognised for their outstanding contributions and performance.
Allianz Asia Pacific (AZAP) is partnering INSEAD, one of the world's leading business schools, to create a training and certification programme aimed at transforming and upskilling the organisation's life and health business agency salesforce.
Cathay Life Insurance, Taiwan's largest insurance company, is utilising technology to better serve customers in areas such as improving health awareness, suboptimal health, and elderly care as part of its new strategy for customers.
China Life Insurance Co and Tokio Marine Newa Insurance Co have recently formed a partnership to cross-sell their insurance products.
Among Taiwan's major life insurance companies, six major players tallied an aggregate after-tax profit exceeding NT$49bn ($1.76bn) in January 2022. This amounted to an increase of close to 3.6% compared to the NT$47.4bn clocked in January of the previous year. Several of these major life insurers broke their monthly profit records or came close to doing so in January.
For conceptualising and implementing strategies including establishing a systematic agent training platform to transform the company's sales force; for helping the company innovate through introduction of new policies and cooperation with a local university; and for spearheading sustainable philanthropy and public services.
Just more than half (50.4%) of the working population, especially the young, believe that they would not have enough retirement funds, according to a survey published by Taiwan Life Insurance and National Chengchi University Business School.
Taiwan's life insurance sector posted a 43.6% jump in premiums from investment-related plans to NT$179.5bn ($6.4bn) for the first six months of this year, according to statistics from the Life Insurance Association (LIA-ROC). The figure accounted for 13.2% of the total life insurance premium income in 1H2021.
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