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34 verified Life Insurance stories
Three of India's four publicly listed life insurers have delivered negative returns over the past five years, as repeated regulatory changes, slower growth and lower valuations weighed on investor sentiment.
Allianz has agreed to acquire HSBC's life and health insurance business in Singapore for about €2 billion, gaining an exclusive distribution partnership as it expands in one of Asia's key wealth hubs.
Allianz has agreed to acquire HSBC's life and health insurance business in Singapore for about €2 billion, gaining an exclusive distribution partnership as it expands in one of Asia's key wealth hubs.
Allianz has agreed to acquire HSBC's life and health insurance business in Singapore for about €2 billion, gaining an exclusive distribution partnership as it expands in one of Asia's key wealth hubs.
The board of ICICI Prudential Life approved renaming the insurer ICICI Life Insurance and began the regulatory process to reclassify Prudential Corporation Holdings from promoter to investor.
Germany's Allianz has agreed to acquire HSBC Life Singapore for S$2.7 billion and enter a 15-year exclusive bancassurance partnership, in a deal valued at about 2 billion euros including distribution rights.
ICICI Prudential Life Insurance has introduced ICICI Pru Signature Secure, described as the Indian life insurance industry's first unit linked insurance plan to incorporate a guarantee alongside market-linked returns.
Australia's prudential regulator has implemented finalised changes to the capital treatment of longevity products from July 1, aiming to make lifetime-income products more attractive for insurers to offer and improve retirement outcomes.
Australia's prudential regulator has finalised changes to the capital treatment of longevity products such as annuities, aiming to strengthen the market for retirement income products as more Australians move into retirement.
Australia's prudential regulator has begun applying revised capital rules for longevity products, letting life insurers use an advanced illiquidity premium, a change designed to encourage more lifetime-income options for retirees.
India's insurance regulator is considering replacing large upfront commissions for distributors with payments spread across the life of a policy, a change aimed at reducing mis-selling and improving customer outcomes.
ICICI Bank has restated its long-term commitment to ICICI Prudential Life Insurance after British partner Prudential plc announced plans to reduce its shareholding in the insurer to below 10%.
India's insurance regulator has revised remuneration norms for senior insurance executives, linking their pay more directly to claims settlement, grievance redressal and policyholder outcomes, prompting debate over regulatory reach.
India's Life Insurance Corporation is engaging with regulators including the Reserve Bank and SEBI to expand the availability of long-term investment instruments, as strong inflows into its annuity products increase demand.
New APRA reforms taking effect on July 1 change how insurers hold capital against longevity products, introducing an advanced illiquidity premium option intended to support more competitively priced retirement-income offerings.
Life Insurance Corporation of India is in talks with the RBI, SEBI and the insurance regulator to expand the pool of long-term investment instruments it can use, as growing annuity inflows require matching long-dated assets.
Australia's prudential regulator has introduced more risk-sensitive capital rules for longevity products, effective July 1, aiming to free up life insurers to offer competitively priced retirement income solutions.
Australia's prudential regulator has begun applying reforms to the capital treatment of longevity products such as annuities, aiming to free up insurers to offer more competitively priced retirement income products while keeping strong safeguards.
Life Insurance Corporation of India is engaging with the Reserve Bank, SEBI and the insurance regulator to expand the supply of long-term investment instruments as rising demand for annuity products lengthens its liabilities.
US insurers Corebridge Financial and Equitable Holdings are combining in a $22 billion all-stock merger that will create one of the largest retirement, life insurance, and asset management companies in the country. The combined entity will serve more than 12 million customers and hold roughly $1.5 trillion in assets under management and administration, with the deal expected to close by year-end 2026 pending regulatory and shareholder approvals.
The UK Financial Conduct Authority's interim findings from its Pure Protection Market Study found that while the market works well for those who hold cover — with a 98% average claims acceptance rate — 58% of adults do not hold any pure protection product such as life, critical illness, or income protection insurance. The FCA opted against interventionist remedies like commission caps and is instead working with industry to close the protection gap, with a final report due in Q3 2026.
AM Best affirmed strong financial strength ratings for major US life insurers including Symetra Life Group in late June 2026, underscoring sector resilience as life and annuity providers compete for surging guaranteed-income demand. The affirmations come amid a broader industry push into retirement income products, with MetLife and others expanding flexible annuity offerings and rising interest rates supporting insurers' investment income.
MetLife's recently launched Annuity Cancellation Option for its Guaranteed Income Program allows defined contribution plan participants to cancel their annuity within the first three years and receive a refund of premiums paid, minus benefits received, with no surrender fees. The innovation addresses a key barrier keeping retirees away from annuities, as research shows more than four in five workers want guaranteed income that also preserves early-retirement flexibility.
Corebridge Financial and Equitable Holdings have announced a merger valued at approximately $22 billion, combining two scaled retirement, life insurance, and wealth management platforms with roughly $1.5 trillion in assets under management and administration. Announced as part of a wave of insurance sector consolidation, it ranks among the largest strategic combinations in the US life and retirement sector in recent years, reflecting continued demand for reliable capital flows and scale.
The all-stock merger of Corebridge Financial and Equitable Holdings — valued at approximately $22 billion and announced in March 2026 — continues advancing toward an expected year-end close. The combination will create a leading retirement, life insurance, wealth, and asset management company serving over 12 million customers with $1.5 trillion in assets under management and administration, operating under the Equitable brand on the NYSE.
Zurich's proposed acquisition of Australian life insurer ClearView Life, announced on February 24, 2026, is expected to be completed by the end of the third quarter of 2026, continuing the wave of consolidation reshaping Australia's life insurance market. The deal builds on Zurich's significant Australian footprint following its 2019 purchase of ANZ's OnePath life business.
Life Insurance Corporation of India (LIC), the country's largest insurer, is in talks with the Reserve Bank of India and SEBI to expand the availability of long-term investment instruments as inflows into its annuity products continue to surge. CEO R. Doraiswamy said the engagement aims to help the insurer match its growing long-duration liabilities, reflecting rising consumer demand for guaranteed lifelong retirement income in India.
PayPay Corporation, the SoftBank-backed payments giant with over 74 million users, has agreed to acquire a 70.2% controlling stake in T&D Financial Life Insurance from T&D Holdings for approximately ¥134.3 billion ($840 million). The deal, announced June 4 and targeted to close by October 2027, brings life insurance into PayPay's growing financial services platform and signals the convergence of fintech and insurance in Japan.
Life Insurance Corporation of India (LIC) is engaging with the Reserve Bank, SEBI, and insurance regulator IRDAI to expand the availability of long-term investment instruments, as inflows into its annuity products continue to rise. LIC CEO R. Doraiswamy said the insurer needs long-duration assets to match the long-term liabilities created by growing annuity demand among Indian policyholders.
MetLife has launched a new Annuity Cancellation Option for its MetLife Guaranteed Income Program, allowing defined contribution plan participants to cancel their annuity within the first three years of receiving payments and receive a refund of premiums paid — minus benefits already received — with no surrender fees. The innovation targets the growing demand for guaranteed lifetime income that also preserves early-retirement flexibility.
MetLife's Annuity Cancellation Option for its Guaranteed Income Program (MGIP), launched in late May 2026, continues to draw attention as a product innovation addressing retirees' fear of locking into irrevocable income. The feature lets defined contribution plan participants cancel within the first three years and receive a refund of premiums paid minus benefits received, with no surrender fees — directly responding to research showing strong demand for income solutions that preserve flexibility.
MetLife's recently launched Annuity Cancellation Option — which lets defined contribution plan participants cancel their immediate income annuity within the first three years without surrender fees — is being viewed by analysts as a marker of a broader industry shift toward more liquid, flexible retirement income products. The innovation addresses retirees' long-standing fear of locking into illiquid annuities, potentially expanding adoption of guaranteed income solutions.
US life insurance and annuity sales carried strong momentum into 2026, according to LIMRA. New annualized life insurance premium climbed 10% year over year to $4.5 billion in the first quarter, well above LIMRA's full-year forecast, led by indexed universal life and whole life. Total annuity sales reached $104.6 billion, marking the tenth consecutive quarter above the $100 billion mark, as registered index-linked annuities jumped 21% to $21.2 billion. The figures reflect sustained consumer demand for principal protection and guaranteed income amid elevated interest rates and market volatility.
MetLife has introduced a new Annuity Cancellation Option for its MetLife Guaranteed Income Program (MGIP), allowing defined contribution plan participants to cancel their annuity within the first three years of receiving payments and receive a refund of premiums paid — minus benefits already received — with no surrender fees. The innovation, launched in late May 2026, targets the growing demand for guaranteed lifetime income that also preserves early-retirement flexibility.