Fears have been rekindled that private-sector doctors could launch a boycott of insurance companies on 10 June 2024 and accept only cash payments for medical treatment.
State-run Life Insurance Corporation is interested in entering the health insurance segment and is exploring acquisition opportunities, according to Mr Siddhartha Mohanty, the life insurance giant's chairman.
Tokio Marine & Nichido Life Insurance (Anshin Life) has sealed deals with Reinsurance Group of America (RGA) and Pacific Life Re.
The new minimum capital requirement of SAR300m ($80m) for insurance companies in Saudi Arabia by the end of 2024 puts at least five insurers on the radar, according to Insurance Monitor, a research and consulting firm.
AIA Group (AIA or the Group) has opened its redeveloped group headquarters at 1 Stubbs Road, Wan Chai in Hong Kong. The AIA Building is Hong Kong's first urban campus and is wholly owned, operated and solely occupied by AIA.
China alone will generate around 17% of the overall global additional premiums, adding $256bn between 2025 and 2034, according to Swiss Re Institute (SRI).
The insurance industry saw its net income soar by 45% to more than PHP14.29bn ($246m) in the first quarter of this year, compared to PHP9.86bn in the corresponding quarter in 2023, according to data from the Insurance Commission (IC).
The Australian Medical Association (AMA) urges, in the strongest possible terms, that the Australian Prudential Regulation Authority (APRA) scrap proposed changes to quarterly private health insurance statistics publications and continue to publish them in their current form.
The government is planning to launch a centralised platform that would process health insurance claims across hospitals all over the country.
The Tanzania Insurance Regulatory Authority (TIRA) is encouraging the registration of healthcare providers in the country to facilitate identifying them and rendering them help when needed, such as when they are not paid on time or in full by insurers. Registration can be carried out online nationwide.