By Yoon Young-sil | Business Korea | November 1, 2021
Shinhan Financial Group will take over BNP Paribas Cardif General Insurance, a foreign non-life insurance company.Read More »Shinhan Financial Group to Take over BNP Paribas Cardif General Insurance
By Yoon Young-sil | Business Korea | October 15, 2021
Many employees of LINA Life Insurance Co. of Korea feel betrayed as Cigna Group of the United States has decided to sell the Korean life insurance company to Chubb Group of the United States.Read More »Employees of LINA Life Insurance Feel Betrayed by Cigna Group’s Decision to Sell Company
By Anna J. Park | The Korea Times | October 11, 2022
U.S.-based insurance group Chubb will become the new owner of LINA Life Insurance of Korea, after the group agreed to acquire it and other businesses in the region from Cigna aiming to boost the group’s presence in Asia.Read More »LINA Korea to be sold to Chubb
Bruce Japsen | Forbes | October 7, 2021
Cigna Thursday night said it will sell its life, accident and supplemental benefits businesses to Chubb for $5.75 billion in cash.Read More »To Focus On Healthcare, Cigna To Sell Life Insurance Business To Chubb For $5.75 Billion
By Jason Contant | Canadian Underwriter | October 4, 2021
KPMG’s Chris Cornell says project management, system implementation, and accessing resources are the biggest challenges, as the start date of the new insurance accounting standard IFRS 17 approaches.Read More »The challenges and joys of modernization
by Gabriel Olano | August 07, 2021
International private equity investment firm Carlyle Group has divested its holdings of 1.9% in SBI Life Insurance Company.Read More »Carlyle Group exits India’s SBI Life Insurance
By Fitch Ratings | July 27, 2021
EU insurers’ IFRS 17 financial statements will not be as helpful for users as they could be, as they will lack certain profitability information unless they routinely show accounting data for cohorts of contracts grouped by origination year, Fitch Ratings says.Read More »EU Insurance Accounting Less Insightful Without Cohort Splits
By Prue Moodie | INTHEBLACK | July 1, 2021 Interesting times lie ahead for insurers, who are readying for more transparency under a new accounting… Read More »IFRS 17: What you need to know
By Lee Min-hyung | The Korea Times | June 30, 2021
Shinhan Life, which will be launched on Thursday following the merger of Shinhan Life Insurance and Orange Life Insurance, will intensify competition with rivals Kyobo Life Insurance and Mirae Asset Life Insurance as the new insurer seeks to gain an upper hand through the use of next-generation information technology.Read More »Launch of merged Shinhan Life to intensify health insurance competition
Michael Chevy Castranova | The Gazette | June 30, 2021
Principal Financial will get out of the business of selling life insurance and fixed annuities to consumers, the Des Moines-based company said earlier this week.Read More »Principal Financial to depart retail life insurance sales