Sitting on the judging panel of the 6th Asia Trusted Life Agents & Advisers Awards is Jude Gomes, CEO of Union Assurance.
Global insurer Allianz announced its consolidated results for the Asia Pacific region for the year ended 31 December 2020, showing that total operating profit for Asia increased by 15.4% (19.0% w/o F/X impact) to EUR551m ($666.4m) compared to 2019.
The majority of insurance advisers in Asia are optimistic about the economy, the outlook for the life insurance industry and sales growth, despite being in the midst of a pandemic, according to a survey conducted by Sun Life. It also finds that COVID-19 is having a polarizing effect in the industry as digital becomes a critical tool for sales performance.
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.
AppMan Company Ltd ("AppMan"), an insurtech SaSS platform in Thailand, has raised a new series A $4.6 Million US Dollars round from Private Equity Trust for SME Growing Together 1 with Siam Alpha Equity (SAE) as its Trust advisor, Krungsri Finnovate, Casmatt, KTBST as well as Poems Ventures, the venture arm of PhillipCapital group.
The Manulife group of companies operating in Hong Kong and Macau ("Manulife Hong Kong") announced financial results for the fourth quarter and full year of 2020. Despite headwinds from the COVID-19 pandemic, both fourth-quarter and full-year core earnings grew 10% year-on-year to a record high driven by strong execution and momentum of its agency force.
The birth rate in China has plunged past a warning level with a recent report from the public security authorities showing that the country registered only 10m newborns in 2020, 15% lower than in 2019.
The 6th Asia Trusted Life Agents & Advisers Awards 2021 is organised by Asia Advisers Network and Asia Insurance Review, with co-organiser LIMRA, strategic partner AIA, and sponsors Allianz and Union Assurance.
Manulife announced its 2020 and fourth quarter of 2020 ("4Q20") results. For 2020, Manulife reported a net income of $5.9 billion, core earnings of $5.5 billion, APE sales of $5.6 billion, and strong Global WAM net inflows of $8.9 billion
AXA Hong Kong and Macau announced the launch of "Wealth Ultra Savings Plan (2-year Pay)"("Wealth Ultra (2-year Pay)"), a participating life insurance plan with a short premium payment term of two years.
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