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Life insurance

National Australia Bank sells majority of insurance arm to Nippon Life for AUS$2.4bn

The National Australia Bank (NAB) has agreed to sell an 80% stake of its insurance business to Japanese firm Nippon Life for AUS$2.4bn (£1.1bn).
28th October 2015
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Global team of actuaries identifies five principles to tackle 'time bomb' of longevity risk

A team of actuaries from the UK, US and Australia has identified five principles when managing the risk of people running out of money in retirement, according to a report.
23rd October 2015
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Slicing and pricing: medical underwriting

Medical underwriting is not new to the bulk annuity transfer market, having been used by life insurers in recent years to price typically smaller schemes. It can also be used, though, to manage risk concentration in larger schemes through ‘top-slicing’, says Costas Yiasoumi
29th July 2015
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EIOPA aims to add PEPP to pensions

The European Insurance and Occupational Pensions Authority (EIOPA) has proposed to create a standardised pan-European personal pension product (PEPP).
17th July 2015
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Life expectancy longer than official forecast

People are living longer than official estimates predict, a study shows.
1st May 2015
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Only one in three people receive an inheritance despite more than half of parents intending to leave one

A third of people receive an inheritance despite more than half of parents saying they plan to leave one, according to HSBC.
29th April 2015
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Pre-application: a one-stop protection shop

Phil Jeynes looks at the customer journey when applying for protection insurance, and asks what can be learned from other industries while growing the market in the process
29th April 2015
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Insurers urged to offer more cover to HIV positive people

The insurance industry has been urged to consider offering income protection and critical illness cover to HIV positive people.
27th April 2015
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IFoA warns of risks in new pension freedoms

People looking to transfer their defined benefit (DB) pension schemes to defined contribution (DC) schemes need to understand the pros, cons and risks of the choices they make, warns the IFoA.
12th March 2015
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Sales of funeral pre-paid plans up by 9%

Pre-paid funeral plan sales grew by 9% in 2014 and more than £3.2bn is invested across the funeral sector, according to research.
29th January 2015
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