PCA LIFE INSURANCE BIDS FOR TOP SPOT

PCA Life Insurance aims to become South Korea’s largest foreign-invested life insurer within two years, its new chief executive has said. Kevin Wright told reporters in Seoul that PCA Life’s initial focus would be on improving its distribution channels including bringing on board more sales agents to boost the current employee numbers of 2,000 financial planners. At the same time Wright, who stepped into the chief executive role in February this year, said the company would be looking to expand its portfolio of variable insurance products on offer. PCA Life Insurance was set up by the UK’s Prudential in 2002. It remains a significant shareholder.