Standing out in the marketplace can be difficult. But you can differentiate your advisory practice from other competitors by carving out a niche that serves specific client needs or objectives. Smart Asset gives a breakdown of common niches that advisers specialise in.
At a recent ThinkAdviser webcast, a panel of adviser industry experts said the rapid pace of innovation unfolding across the financial service industry is pushing advisers to elevate their game and demanding ever-greater investment of time and resources. Here are eight trends highlighted at the webcast.
FWD Group Holdings Limited marked its 10th anniversary since the FWD brand was introduced on 14 August 2013, by announcing its '10 grants in 10 markets' charitable initiative for local communities.
AIA Group Limited (AIA) has announced the regional winners of the first AIA Healthiest Schools Competition. The initiative fosters active lifestyles, mental wellbeing and healthy eating habits among primary and secondary school students in Asia.
Japanese insurer Tokio Marine Holdings has picked investment banks Goldman Sachs and Jefferies to work on the sale of its Southeast Asia life insurance business worth $1bn, two sources with knowledge of the transaction told Reuters.
A combination of factors impacting fire risk, ongoing and new threats posed by the ripple effects of the Ukraine conflict, decarbonisation challenges, economic uncertainty, as well as the rising cost of marine claims, means the shipping sector still has plenty of obstacles to navigate over the next 12 months and beyond, according to insurer Allianz Global Corporate & Specialty SE's (AGCS) "Safety & Shipping Review 2023".
Thai Reinsurance Public Co is planning to expand it business overseas, especially in the ASEAN region, including Cambodia, Laos, Myanmar and Vietnam. The reinsurer also sees Indonesia and the Philippines as markets where it can grow its business.
Pru plc reported strong sales in the first quarter of 2023 (1Q23), with its annualised premium equivalent (APE) surging by 35% from $1,212m in 1Q22 to $1,559m in 1Q23.
Regional InsurTech Igloo has formed a strategic partnership with global convenience store Circle K to increase the accessibility of non-life insurance products in Southeast Asia.
Insurance giant Tokio Marine Holdings is considering a sale of its life insurance business in southeast Asia that could be valued at about $1bn, reported Bloomberg News quoting people familiar with the matter, as the Japanese insurer looks to focus on its core operations.