May 30 TOKYO Dai-ichi Mutual Life Insurance Co. said Friday its solvency margin ratio, a key gauge of an insurer’s ability to pay policyholders, stood at 543.5 percent as of March 31, down from 593.0 percent a year earlier. Despite the drop, however, the closely watched gauge is well above the 200 percent threshold, below […]
May 29 Advance MLC Assurance, a Thai-Australian life insurance joint venture, has put its sales activities and any approvals of new policies on hold since May 22. A company statement said the suspension was a result of the company’s new business strategy to focus only on providing services to existing clients.The company said the new […]
Independent Financial Marketing Group, a top third-party marketer of annuities, is setting its sights on the success in bank-channel sales of life insurance that has proven elusive in the industry so far.It could be a long journey, an executive at the Purchase, N.Y., company said, but the effort is slowly gaining steam.”It’s going to take […]