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 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.
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.
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.
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.
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.
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.
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.