US multinational investment bank Citi believes China's insurance sector is entering a pivotal phase in 2026, marked by a historic opportunity for life insurance growth and continued structural improvement in property & casualty (P&C) profitability.
Large commercial banks that have not yet established or acquired insurance companies or trust companies should do so as soon as possible, according to the former Governor of the People's Bank of China, Dai Xianglong.
The Insurance Association of China (IAC) has announced that the latest research value for the assumed (guaranteed) interest rate of ordinary life insurance products is 1.89%.
Nine government agencies have announced support for the insurance sector to develop commercial health insurance products and services tailored to the pharmaceutical retail sector.
The China Association of Actuaries is spearheading industry-wide efforts to compile commercial medical insurance net cost tables.
Multinational insurance firm Prudential plc has announced that its subsidiary, Prudential Corporation Holdings (PCHL), has acquired a further 19% stake in Sri Han Suria (SHS), the holding company of Prudential Assurance Malaysia (PAMB).
Proposed accounting rules in Taiwan will ease the impact of foreign-exchange (FX) volatility on life insurers' reported earnings but could increase structural FX exposure, particularly for life insurers with weak long-term currency match management, according to a commentary released by Fitch Ratings. The credit ratings organisation said it considers the approach a deviation from international practice, which may reduce comparability for global investors.
Aon has appointed Mr Neelay Patel as CEO of Malaysia, effective March 2026 and subject to regulatory processes.
The Philippine Health Insurance Corporation (PhilHealth), the state insurer of the Philippines, has reported paying more than PHP300bn ($5.07bn) in benefit claims across the country in 2025.
The Ugandan insurance industry is forecast to continue on its positive growth trend in 2026, driven by increased public awareness and public trust, according to the CEO of the Insurance Regulatory Authority (IRA), Mr Kaddunabbi Ibrahim Lubega.