The Prudential is said to be expanding the partnership it has with Standard Chartered a bank that works in the emerging markets sector.
At the moment the Prudential provides both insurance and savings products across Asia through the existing partnership, though this is set to develop with the partnership expansion. Moving forwards the Pru will be in a position to provide insurance products to customers in Japan, Thailand, Hong Kong, Malaysia and Singapore.
Current market figures show that the Prudential is the market leader for life insurance in Asia so the move into these far eastern countries is expected to be a fruitful one, the current status of the Prudential helping it quickly gain market share.
A recent study carried out by Zurich Insurance has shown that over half the consumers in the UK have never taken financial advice from a qualified advisor.
It may be an age related matter since the 18 to 24 year olds have the highest percentage of people without advice, 84 percent. Even for those aged 35 and over though there are still half of them who have never received financial advice. Zurich Insurance are urging everyone to consider speaking to finance professional in order to best arrange their finances.
At times of difficulty such as those being faced in the UK currently it is more important than ever to receive sound financial advice since there is a greater likelihood of problems when the economy is slow. Whether it is a Zurich Insurance financial advisor or one from another company the important element is to take advice from an expert.
A new range of insurance has been introduced by Direct Line catering for the needs of small hotel owners having 12 rooms or less.
The Direct Line insurance cover offers both public and product liability up to GBP2 million as well as loss of income protection up to GBP500,000. Policies can also be tailored to incorporate add ons specific to individual needs, typical examples being loss of licence or personal accident.
A spokesperson from Direct Line commented that this new insurance cover would be perfect for smaller operations, enabling them to enjoy all the benefits offered by an insurance company the size of Direct Line with the tailored fit provided by the policy itself.
