TATA AIA Life Insurance has introduced the Smart Pension Secure Plan, an innovative unit-linked pension plan (ULIP) designed to meet the evolving retirement needs of modern professionals and digital-savvy consumers.
Swiss Re has appointed Mr Lloyd Campbell-Gibson as head of life and health (L&H) Australia and New Zealand.
The National Assembly of Vietnam has amended and supplemented many articles and provisions of the country's law on health insurance 200811. The new amended law No. 51/2024/QH15 will take effect from 1 July 2025.
These are the updates on insurance regulation across China this week.
Singapore residents are adopting a positive mindset with more than 1 in 2 (54%) indicating that financial readiness in the long run is more important to them in 2025 compared to the previous year, according to findings from the seventh edition of of an "AIA Live Better Study" released yesterday.
Statistics released by the Financial Supervisory Commission (FSC) show that around 30 insurance companies engaged in microinsurance business as of the end of 2024.
The AIA Group is expected to report a 23% year-on-year growth in its value of new business (VONB) for the fourth quarter of 2024, driven by a rebound in China and strong sales in Hong Kong and Singapore, according to UOB KayHian.
Data from the Insurance Regulatory Commission of Sri Lanka shows that the country's insurance industry grew by 16.5% YoY in the third quarter of the current financial year.
India's gig economy is expected to grow at a compounded annual growth rate of 17% to reach a gross volume of $455bn by 2024-25, with the potential to add 1.25% to GDP by 2030 and create 90m jobs in the long term. The country's gig economy currently supports sectors such as e-commerce, transportation, and delivery services.
Suncorp Group has completed the divestiture of its New Zealand-based Asteron Life business to Resolution Life Australasia for NZ$410 million (US$228 million).