Online Life Insurance
Shanghai Insurers Stop Investment-Linked Insurance Sale
SHANGHAI, Nov 06, 2008 (SinoCast via COMTEX) — LFC | Quote | Chart | News | PowerRating — China Life Insurance Co., Ltd. (SHSE: 601628) has stopped the marketing of its investment-linked life insurance products in Shanghai, according to one of its executives.
Life Insurance - Insurer enters the virtual age
A major American life insurance company has taken a big step into the virtual world by setting up their own space on popular web-based community Second Life.
AvivaUSA spent nearly half a million dollars setting up their virtual ‘island’ and it is costing them roughly $3000 a year to maintain it. The hopes are that it will encourage younger and more tech-savvy people to get involved. Read more
Life and Health Insurance Industry welcomes Alberta Insurance Legislation Amendments
The Canadian life and health insurance industry welcomes long-awaited amendments to Alberta’s Insurance Act which received Royal Assent on November 4, 2008 and strongly encourages other provinces to
follow Alberta’s lead.
“This is a major development in the evolution of insurance regulation in Canada and we congratulate the province of Alberta for its leadership in passing this important legislation,” said Frank Swedlove, President of the Canadian Life and Health Insurance Association (CLHIA). Read more
China Life Insurance turns higher in HK on better-than-expected H1
HONG KONG, Aug 26, 2008 (XFN-ASIA via COMTEX) — LFC | Quote | Chart | News | PowerRating — China Life Insurance Co Ltd shares turned higher despite weakness in the broad market after reporting better-than-expected first-half results.
Dealers said the 32 pct decline in first-half earnings that it reported was better than market estimates of as much as a 50 pct profit drop. Read more
AARP Life Insurance - Fitch Affirms New York Life’s IFS rating at AAA
CHICAGO, Jul 31, 2008 (BUSINESS WIRE) — Fitch Ratings affirms the ratings of New York Life Insurance Company (NYLIC) and its wholly owned subsidiary, New York Life Insurance and Annuity Corporation (NYLIAC) — together referred to as New York Life (see complete list of Ratings below). The ratings reflect New York Life’s very strong balance sheet, favorable business profile and consistent operating profile. The Rating Outlook is Stable for all ratings. Read more