Life insurance leader in the Philippines market declared

Life insurance market leader

A Canadian company has established dominance over the marketplace in the Asia Pacific country. It has just been announced that Sun Life of Canada (Philippines), has now been named the leading life insurance company in the market in the Philippines for the second year in a row. This ranking was based on premium income that was brought in through the sector in 2012. This official ranking for the local life insurance market was released by the Insurance Commission (IC), and confirmed that the insurer was still at the top of…

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Life insurance deal dropped by KB Financial

life insurance no deal

The bid that had been made for ING’s business in that sector in Korea has now been removed. Though ING Groep had received a bid on its Korean life insurance assets, that opportunity has now been lost as the sole buyer who had been involved in the deal has now withdrawn the offer that it had made. KB Financial Group was the would be buyer of the business that ING held in that market of Korea. Now, KB Financial, which is based in Seoul, has pulled out the bid that…

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Life insurance in India becoming less profitable

south asian Insurance industry India

The premiums collected from this coverage sector have dropped by 2.33 percent compared to 2011. The latest life insurance news from India is that premiums collected during the third quarter, which ended on September 30, have experienced a year over year decrease by 2.33 percent, said the most recent report of the Insurance Regulatory and Development Authority (IRDA). This drop has been blamed on the overall slowing in economic growth. This, according to Namo Narain Meena, the Minister of State for Finance. The minster explained that as a whole, there…

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