As insurance companies release their 2024 annual claims reports, a clearer picture of the industry's claims landscape is emerging.
On 15 January 2025, shortly after celebrating its 75th anniversary, China Life Insurance Group convened its annual work conference. The event was attended by the company's new party secretary and chairman, Cai Xiliang, who delivered a keynote address.
Indian insurance industry leaders have called for removing the goods and services tax (GST) on insurance premium. Speaking with Asia Insurance Review, Canara HSBC Life Insurance MD and CEO Anuj Mathur said, "Affordability is key to making insurance accessible to all. Revisiting GST rates on life insurance premiums could enhance affordability, especially for lower and middle-income groups.
FWD Hong Kong has signed a long-term bancassurance agreement with Bank SinoPac, marking a strategic move to broaden its market presence among high-net-worth individuals and commercial clients.
Tokio Marine Life Singapore (TMLS) has appointed Mr Alistair Chamberlain as CEO; Mr Jun Tokura as chief distribution officer, in addition to his role of deputy CEO and Mr Kapil Jain as CRO.
Each year mental health issues such as depression and anxiety result in 12bn lost workdays globally according to data compiled by Resolute Psychiatry.
A new research in Australia has revealed that 24% of Australians risk 'junk cover' by choosing hospital insurance for tax savings over healthcare. The study found that nearly one in four Australians admit to buying hospital cover primarily to avoid paying the Medicare Levy Surcharge (MLS), rather than for healthcare reasons.
More than 90% of public healthcare workers in Bahrain experience moderate to high levels of occupational stress, which leads to reduced job performance according to a new study report.
China's medical insurance fund achieved a balanced budget in 2024. In fact, it also achieved slight surplus, which will ensure the safety and sustainability of the fund.
The life insurance sector in Singapore, which experienced a strong rebound in 2024, is poised to maintain its upward trajectory into 2025. With growing consumer interest in sustainable insurance products and ongoing advancements in digital transformation, the industry is well-positioned to meet emerging demands.