Regional Chief Exec Javier Sánchez Cea hopes to get onshore branch licence within “months”.
Sun Life has named Patrick Wei as its new Chief Distribution Officer for Asia, effective December 1 2023. He will oversee the company’s distribution strategy, manage distribution channels, and spearhead the integration of digital technologies, with the overall ai mof bolstering growth throughout the region. Wei has three decades of experience, serving in prominent distribution positions at companies including Gigacover and Aviva. David Broom, Sun Life’s Chief Client & Distribution Officer for Asia, expressed enthusiasm for Wei’s appointment, “I’m delighted to welcome Patrick to the team. He has a proven track record of developing and implementing strategic distribution plans tailored
Renato De Maria, former insurance broker and director of AIBS, receives permanent ban from the financial services industry following allegations of misappropriating AU$35m (US$29.97m) of client funds.
Market has seen deceleration, but technology and growing middle class provide opportunities for insurers to refine strategies and capitalise on rising protection gap.
China's life market is poised to reach CNY5.6 trillion (US$893bn), driven by economic recovery and the needs of its ageing population, according to GlobalData.
Japan's life insurance industry is forecast to expand steadily in the coming years, despite potential challenges from changes in the Bank of Japan's monetary policy.
HSBC Life appoints Winnie Ching, Raj Kumar, and Alison Law to key leadership roles to drive its global growth strategy