Insurance News ME

BancorpSouth to Offer Customers MyTermsm, Internet-Based Term Life Insurance

Prudential Financial, Inc. (NYSE:PRU) today announced an agreement between its Individual Life Insurance business and BancorpSouth to offer MyTerm^SM, a new simplified issue term life insurance policy available through the Internet, to BancorpSouth customers.

Citibank ties up with AXA Group

Citibank, a member of Citi, and AXA Group launched an auto insurance payment scheme whereby a Citibank cardholder can choose from a range of auto insurance plans offered by AXA Group and pay for it in 9 monthly installments at 0% interest rate using Citibank's Easy Installment Plan (EIP).

Tesco Dental Insurance uncovers top smiles

Tesco Dental Insurance has polled the UK to discover the public's favourite celebrity smiles.

AIG’s insurance web revolution

The insurance web revolution has taken an extra step forward with AIG’s release of their latest website that fully integrates underwriting with business flow management and administration.

Ayudhya eyes more sales through bank

SET-listed Ayudhya Insurance Plc, an affiliate of the Bank of Ayudhya, is set to capitalise on the Bank of Ayudhya's branches and the strong presence of GE Capital, the US shareholder of the Bank of Ayudhya, in auto leasing to expand next year into bancassurance and motor insurance.

BTIA Partners with AIG to insure tourists in natural disasters

This week B-T-I-A announced is partnership with A-I-G Travel Guard which is an insurance company that covers tourists in the event of natural disasters or uncontrollable factors that may affect their trip.   

Japan Post Network to sell '3rd sector' insurance policies

TOKYO — Japan Post Corp said Thursday it will solicit insurance companies wishing to sell cancer and other "third sector" insurance policies through Japan Post Network Co which will be created in October when the 10-year process of privatizing postal services is due to start.

Allianz's cheap online insurance

German Insurer Allianz has undercut the local life insurance market with a direct-to-customer, online offering that it says is cheap and simple enough to help fill Australia's under-insurance gap.

Allianz Australia said that for a male non-smoker, its new products were more than 20 per cent cheaper than the average product distributed by financial advisers and 35 per cent cheaper than the average product sold direct via phone or internet.

Jacky's partners with AIG to launch new customer service initiative in UAE

The UAE's number one multi-brand retailer, Jacky's Electronics, has launched a new customer care initiative - Extended Warranty - in conjunction with world leader in Insurance, AIG. An extension to the manufacturer’s warranty, the new facility is available at all Jacky’s Electronics and Jacky’s Express outlets, and will cover mechanical or electrical failures.

Allianz launches direct insurer in the Netherlands

With the growing importance of direct sales in retail insurance, Allianz SE has decided to set up another direct entity. New direct operations under the brand name Allsecur will be launched in the Netherlands in the first quarter 2008 starting with the sale of motor insurance policies.