Japan Post disciplines more than 2,400 employees following insurance sales scandal

Japan’s mail carrier and second-largest insurance provider has fired, suspended or otherwise disciplined more than 2,400 employees for engaging in inappropriate sales practices, as part of an effort to restore customer trust.

Swiss Re appoints new CUO with dissolution of Life Capital Business arm

Swiss Re will soon be disbanding its Life Capital Business Unit through the sale and reorganization of the unit’s brands, and will then move the head of the defunct department to the position of chief underwriting officer, the reinsurance giant said Friday.

Ad fraud, data handling pose problems for UK life insurers, report says

U.K. life insurers may face investigations by regulators over advertising fraud and online data handling in their supply chains due to risks posed by intermediaries, according to a paper released Thursday by Contact State and LifeSearch.

Housing market potential bounces back despite limited supply

Amid some worries about supply and after bottoming out in April, the market potential for existing-home sales rebounded by 6.2% in May to a seasonally adjusted annualized rate of 4.92 million — still 7% lower than a year ago, First American Financial Corporation said in a report Thursday.

Spain’s CaixaBank targets children and teens as future customers with new ‘imagin’ apps, memes

In an effort to reach younger customers and build brand loyalty, Spanish bank CaixaBank is overseeing the release of three mobile apps that offer financial services and nonfinancial content to adolescents, teenagers and adults.

Merrill Lynch advisors get lower sales goals due to COVID-19 downturn

Advisors at Bank of America’s Merrill Lynch Wealth Management unit are getting lower sales goals for the remainder of the year in response to the COVID-19 economic crisis, a spokesman for the company confirmed Tuesday.

Banks question need for branches as COVID-19 keeps consumers at home

U.S. banks may speed up plans to close branches nationwide, as a new report from financial-services research firm Novantas shows branch-based sales and transactions have slowed significantly in the past 10 weeks amid the pandemic and digital-based banks are seeing a surge in usership.

Aviva sees spike in life insurance sales as pandemic fuels interest in policies

British insurer Aviva on Thursday reported a 28% spike in life insurance sales as the industry sees a surge in demand driven by the coronavirus pandemic.

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