The CBIRC yesterday issued its "Regulations on the Qualifications of Directors, Supervisors and Senior Managers of Insurance Companies (Draft for Comment)".
With the COVID-19 outbreak, life insurers across the globe have witnessed an acceleration of a digitally enabled model of distribution. V. Viswanand, Deputy Managing Director, Max Life Insurance, shares in this article how life insurers can transform into a new-age digital hybrid sales distribution model post COVID-19.
The CBIRC has issued an exposure draft on the methods of evaluation of the performance of directors and supervisors of banking and insurance institutions.
Catalina Holdings (Bermuda) Ltd (Catalina) has announced that Chris Fagan, co-founder, is stepping down as CEO. He will be succeeded by Bruce Hemphill, current chair of the Catalina Board, who has been working alongside Mr Fagan on the board since 2019. Caroline Foulger, currently senior independent non-executive director, will be appointed chair of the Catalina Board.
The Assicurazioni Generali board of directors approved a proposal from group CEO Philippe Donnet for a new group organizational structure. The new organizational structure is designed to address key strategic priorities for the continued successful delivery of the Generali 2021plan and prepare the group for the next strategic cycle.
MS Amlin Underwriting Limited (MS AUL) has announced the appointment of Vishal Desai as CRO and Catherine Scullion as chief actuary, subject to regulatory approval.
The search for the best of the best in the financial advisory world is on with the launch of the 6th Asia Trusted Life Agents & Advisers Awards 2021.
Marsh has announced the appointment of Paulo Garcia as Marsh Philippines CEO. He succeeds Ramon Zandueta who has been appointed Marsh Philippines chairman. Both Mr Garcia and Mr Zandueta, who took up their appointments on January 1, 2021, will be based in Manila and report to Marsh South Asia CEO James Addington-Smith.
The general manager of Ant Group's insurance business department has quit to work for traditional insurer Sunshine Property and Casualty Insurance amid growing uncertainty over the future of the firm's online insurance operations, Shanghai Securities News has reported.
Mr Akio Negishi, chairman of the Life Insurance Association of Japan (LIAJ) has said that because of the COVID-19 pandemic, there is a need to figure out the way forward for some time and that the present high degree of uncertainty will continue.