The newest venture in China’s private life insurance market, Allianz Dazhong Life Insurance Co. Ltd., aims to grab 0.5 percent of Shanghai’s market of 13 million people within the first year and expand that to 5 percent by 2005, predicts its executive general manager, Benno von Canstein.The venture is 51 percent held by Allianz AG […]
State-run Vietnam Insurance Corp. will begin offering whole life policies this year.It already sells term life insurance and child education policies. The firm, known as Bao Viet, also sells policies for cargo and fire insurance, construction and assembly projects and ships. Bao Viet has 60 percent of the market. Director-general Truong Moc Lam said premium […]
I have bought five life-insurance policies over the years, both cash value and term. And, all combined, I never had to answer so many questions as I just did simply to find out whether I need more coverage or not. And they were not just the basic but thorough questions about my health and medical […]
Grow or die?While it may not be as pronounced as in banking or telecommunications, growth by consolidation is a strong trend in the life insurance industry.But is it a necessity? Yes, says one Madison-based insurance company that has been growing by leaps (mergers) and bounds (acquisitions).“Our officers subscribe to the feeling that if we do […]