Gen Re的动态

?? ?? How ‘public disclosure’ is reshaping the UK’s life insurance stress tests ? 4most’s Head of Insurance Capital Solutions, Sheikh Yasir, recently spoke with InsuranceERM about the PRA’s decision to publish its 2025 life insurance stress test results at the individual company level. This marks a significant shift, as the PRA has previously publicly disclosed only aggregated results. Sheikh highlighted that public disclosure of individual firm results could be misinterpreted by the market as a ‘pass or fail.’ Therefore, it is crucial for the PRA to ensure clear communication to minimise confusion about what the results represent. He also noted that while the PRA has been conducting sector-level stress tests since 2019, certain aspects, particularly those related to Funded Re recapture scenarios, will be tested for the first time. ?? You can read the full article here:?https://lnkd.in/eR693b7Q #4most #LifeInsurance #InsuranceERM #PRA #FundedReinsurance?

The APRA and the ASIC have released an update on premium increases in the life insurance industry. The joint letter published today as a response to life companies’ reviews of past premium increases and disclosure and marketing materials. It makes clear the regulatory expectations of life companies going forward, namely to: 1) have sound risk management and compliance assurance around re-rating practices and ensure any contract terms allowing for premium increases are transparent and not unfair;? 2) clearly explain how premiums are calculated and may change over the life of the policy (during point of sale and ongoing communications); and 3) design and price life insurance products factoring in consumers’ need for premium stability. Life companies should examine their contracts to ensure that the terms about how and when premiums may change are transparent and not unfair. When making re-rate decisions, due consideration should be given to the consumer impact as part of the risk management framework. Life companies should ensure their disclosure and marketing materials and any other relevant communications are fit for purpose and help consumers to properly understand how their premiums may change.?They should ensure that premiums should be aligned to the risks borne by the life companies, noting that these are products designed to be held long-term.?? #australia #ASIC #APRA #TreatingCustomerFairly #conductrisk

Insuring Tomorrow: A Comprehensive Analysis of the Global Life and Non-Life Insurance Markets The "Insuring Tomorrow" report offers a thorough examination of the global life and non-life insurance markets, providing valuable insights into key trends, challenges, and opportunities shaping the industry. Delving into market dynamics, it explores the evolving regulatory landscape, technological advancements, and shifting consumer preferences impacting both segments. The report analyzes market size, growth projections, and competitive landscapes, offering strategic recommendations for industry players to navigate the complex terrain effectively. With in-depth research and expert analysis, "Insuring Tomorrow" equips stakeholders with the knowledge needed to make informed decisions and stay ahead in this dynamic and ever-changing market. ?????????? ????????, ???? ?????? ???????? ???????????? ???????????? https://lnkd.in/da_NX2_4 Market Segmentations: Global Life and Non-Life Insurance Market: By Company L?nsf?rs?kringar Folksam Trygg-Hansa hansa Ace Insurance Aegon AIA, Alera Group AlfaStrakhovanie AXA Allianz AIG Tokio Marine HCC China Life Insurance Co.Ltd Global Life and Non-Life Insurance Market: By Type Life Insurance Non-Life Insurance Global Life and Non-Life Insurance Market: By Application Commercial Personal Stringent Datalytics #InsuranceMarketAnalysis #LifeInsurance #NonLifeInsurance #InsuranceTrends #MarketResearch #InsuranceIndustryInsights #InsuranceReport #GlobalInsurance #InsuranceMarketTrends

???? ?????? ???????? ?????????????? ???????? ?????????????????????? ???????? ??????????????????? ???? ?????? ???????? ???????? ???????? ????????????? Convertible term policies are a commonly misunderstood section of the life insurance market. Typically, these contracts were taken out to secure a client immediate protection at a time when their cash flow was limited. The policies run to a maximum age of 65, at which point they lapse with no value. During the term of the contract the life assured has the option to extend or ‘convert’ the cover to a longer-term length; usually ‘term to age 90’ or ‘whole of life’ – importantly, without further medical underwriting. This set up keeps the initial contract premiums low but gives clients the option to extend the contract when the premiums for longer term cover become affordable. It is crucial to monitor these policies annually to ensure both that policy options are utilised effectively and that the expiry date on the term is not missed. Once a policy has lapsed, it cannot be reinstated nor the policy options utilised. In this blog, we explain: ? ?????? ??????????????? ? ?????? ?????????????? ??????????? ? ???????????????????? ???????????????? ???? ???????????????????? ? ?????? ?????? ???????? ???????? ???????? ???????????????? ????????? For the full article, head to the link in the comments below. _____ John Lamb Hill Oldridge | The UK’s Foremost Specialist Protection Adviser #insurance #hnw #uhnw #protection #convertibleterm #policy #policies

Early bird offer ends tomorrow! Register today and save more: https://lnkd.in/g78bhSrq How can life insurers enhance their value proposition by capitalising on digital opportunities and leveraging technology more effectively? The future of life insurance in Asia is bright and the region is expected to continue to grow economically. With this backdrop, the Asia Life Insurance Summit 2024 is an essential event for those keen on staying current in the evolution of life insurance in Asia. #AIRlifesummit #LifeInsurance #LifeInsurer #LifeInsurers #Insurance #LifeSector #Risk #EmergingRisks #RiskMitigation #RiskManagement #HealthInsurance #AI #Insurtech #Health #MentalHealth

Can’t hit your targets???Simple solution: change the target? I’m sorry, but I had to read a recent article a few times.??The Life Insurance Code Compliance Committeerecently reported that they expect to see the number of breaches by our insurance companies will decline in the next reporting period.??This follows three years of rising numbers of breaches.? How is this decline in breaches to be achieved???By changing the target!??The new requirement to notify a claimant of a decision changes from 10 business days to 15 business days.????Why would it be seen as good practice to move goal posts like these???If a decision has been made, why are 3 weeks needed to communicate this???I recognise that this can often be complex or sensitive, but the more complex and sensitive it is, the more time there is to prepare for that critical communication.??At a moment of truth for an organisation, owning a decision and treating a claimant respectfully in a timely manner should be paramount. The good news is that many insurers already consistently meet the 10 day target.??But there is a clear tone – and warning – from the Committee that there is a fear that many may re-set their performance to meet the 15 day target.??Not a great outcome for anyone. #lifeinsurance #claims #claimsperformance #?LifeInsuranceCodeComplianceCommittee?#licop?

Dr. Altaf Mukati, Vice President Academics - SZABIST, emphasized the importance of competitions like Jubilee Life Insurance University Challenge, providing students with opportunities to apply these crucial skills in real-world scenarios. Watch the video to know more. ? #JubileeLife #Insurance #SEEDVentures #JLIUC #FutureLeaders

??Stay Ahead of the Curve!?? Life insurance is evolving, and so should you. From digital transformation to personalized policies, it's crucial to keep up with the latest trends. Join our Financial Sketchers Master Class masterclass and learn how to navigate these changes and stay ahead in the game! #b2b_sales_courses #best_sales_training #closing_methods_in_sales #increase_your_sales #inside_sales_strategist #insurance_certification_classes #insurance_course #insurance_training #key_skills_of_a_salesperson #sales #sales_closing_techniques #sales_coaching #sales_communication_skills #sales_courses #sales_improvement_strategies #sales_representative_skills #sales_selling_skills #sales_skills_list #sales_strategies_to_increase_sales #sales_strategy_and_planning #sales_targeting_plan #sales_technical_skills #sales_technique_training #sales_techniques_and_strategies #sales_tips_and_tricks #sales_tricks #salesperson_training_program #selling_ability #team_coaching

While economic growth in Asia Pacific is expected to slow, life insurance business is still expected to improve across some markets. #AsiaPacificEconomy #LifeInsuranceMarket #MarketTrends #AsiaBusiness #FinancialForecast https://ow.ly/r1hh50RlR18

Zala Insurtech News: The Swiss Re Institute forecasts a significant boost in profitability for the life insurance industry due to rising interest rates.? The post Swiss Re Institute Predicts Boom in Life Insurance as Interest Rates Surge appeared first on Insurtech Insights. Read on below >> #insurance #innovation #insurtech