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Cambodia launches first ever life insurance

Phnom Penh (Cambodia), May 21 (Xinhua-ANI): Cambodia launched the first ever life insurance here with the official inauguration of Cambodian Life Insurance Company (Cambodian Life) on Monday, seen as another landmark in the kingdom's financial market after the opening of stock market in mid-April.

Cambodia Launches First Life Insurance Company

PHNOM PENH, May 21 (Bernama) -- Cambodia launched the country's first life insurance company with the official inauguration of Cambodian Life Insurance Company (Cambodian Life) on Monday, seen as another landmark in the kingdom's financial market after the opening of the stock market in mid-April.

Sun Life Grepa collects P1B in premiums in Q1

SUN Life Grepa Financial Inc., the joint venture company of Sun Life Financial and the Yuchengco Group that has an exclusive “bancassurance alliance” with the Rizal Commercial Banking Corp., collected in excess of P1 billion in total premiums in the first quarter of this year, a growth of 48 percent year-on-year. “We are delighted with the progress that we have made in the 1st quarter of 2012 ...

Dubai's, Samsung Life Insurance to form partnership

(MENAFN) Investment Corporation of Dubai (ICD) is set to form a joint business with Samsung Life Insurance, which aims at extending its footprint throughout the emerging markets, Financial Times ...

State Farm Life® Introduces New Joint Universal Life Product

BLOOMINGTON, Ill., May 2, 2012 /PRNewswire/ -- State Farm Life Insurance Company today announced the addition of Joint Universal Life (JUL) insurance to the State Farm Life Affiliates' product portfolio.  ...

Reports: Bidding Deadline For ING's Asian Life-insurance Arm On Friday

A slew of insurance giants are vying to acquire Dutch lender ING Groep N.V.'s (ING) Asian life-insurance arm in a bidding war that is expected to bring in a windfall for ING, according to media reports on Thursday. The last day to submit first round bids for the auction is said to be Friday. A deal could see a price tag of between $6 billion and $7 billion.

IndiaFirst Life to expand ‘Autolife' scheme

IndiaFirst Life Insurance Company is planning to expand its pilot life insurance scheme for vehicle buyers. The pilot, called ‘Autolife', was launched in association with Varun Motors in Andhra Pradesh in January.

A.M. Best Special Report: Universal Life Secondary Guarantees Generate Increasing Risk Profile

A.M. Best Co. views positively the National Association of Insurance Commissioners’ draft framework for regulatory guidelines to evaluate reserves for universal life products with secondary guarantees .

CIMB Aviva stake for sale

KUALA LUMPUR: Britain’s second-largest insurer Aviva plc’s sale of its Malaysian life-insurance business could offer a buying opportunity for its competitors looking for a slice of the industry pie here, according to analysts.