Prudential plc names ex-HSBC top man Douglas Flint to succeed Shriti Vadera as Chair

...life and health insurance and asset management in Greater China, ASEAN, India and Africa....

Prudential plc names ex-HSBC top man Douglas Flint to succeed Shriti Vadera as Chair

...life and health insurance and asset management in Greater China, ASEAN, India and Africa....

GLP-1 research reveals significant reductions in cancer risk for women

...Sustained use of GLP-1 therapies (a class of medications used to manage Type-2 diabetes) can significantly reduce medical cost growth over the long term for employers and improve workforce health outcomes, according to the latest report by Aon....

South Korea: Middle aged Koreans are anxious about their retirement

...life expenses after retirement. In South Korea, the average severance pay currently expected by working professionals in their 40s and 50s is estimated at KRW167m ($113,102). The majority o...

Hong Kong: Parents are concerned about the future of their kids but fail to take action

...Life Planning for Children" revealed that over 70% of Hong Kong parents are yet to future-proof their kids despite challenges in the AI era. The survey found that as the AI wave t...

China: Technology to help unify healthcare and insurance data

...To help provide more personalised and intelligent services to health insurance policyholders, China will soon launch a pilot programme to establish cloud platforms aggregating personal healthcare and medical insurance data....

Taiwan: Shin Kong and Taishin merge to form one of largest life insurers on the island

...Life and Taishin Life each bring distinct strengths and share a common spirit. This merger upholds our commitment to customers and reinforces our values. Shin Kong Life will remain dedicated to profe...

Taiwan: Shin Kong Life and Taishin Life finalise merger to create insurance powerhouse

...Life Insurance as the surviving entity, the merged company has been renamed Shin Kong Life Insurance, retaining the Shin Kong Life brand that has been operating in Taiwan for more than 60 years....

China: Smart payment options for medical services to be expanded to improve accessibility

...Chinese citizens will now have more smart payment options to pay for services under the medical insurance system. The new options are being rolled out to reduce long queues and simplify payments for various medical services received by patients....

Indonesia: OJK makes health insurance co-payments optional, with a 5% cap

...The Financial Services Authority (OJK) has officially issued a regulation (POJK Number 36 of 2025), which allows health insurance customers to opt for co-payments in their policies and lowers the risk-sharing (co-payment ) limit borne by the insured to 5%....

Snippets: Data governance guidelines for insurance asset management and other industry news

...Life completes core management team after a 6-year lapse...

C-ROSS II redraws the competitive map for insurers

...Life Insurance, subscribed to 2,202,643,171 shares with a total investment amount of CNY19.98bn, and made full payment for the capital increase on 18 April 2025....

NFRA issues document on "Filiing-Execution Consistency" for non-motor business

...Life P&C, China United, China Continent, Sunshine P&C, ZhongAn Online....

2026 life insurance outlook: Navigating the "1% Era" and the 15th Five-Year Plan

...life products has dropped over the last three years from 3.5% to the current 2%. No one can guarantee it won't fall further this year—a move that would trigger short-term sales su...

South Korea: Korean non-life insurers partner criminology institute to combat insurance fraud

...The Non-Life Insurance Association of Korea and the Korea Institute of Criminology and Justice Policy are forming a cooperative framework to strengthen efforts to curb insurance fraud, which has been described as a crime that undermines public livelihoods....

Young adults in Asia seek structure and security in managing finances: Prudential

...life concern, surpassing family responsibilities (53%), health (52%), and career and education (42%). Nearly 60% said they are focusing more on the future than on enjoying the present moment....

DRC: Insurance industry continues positive momentum in 2024

Philippines: Weak fraud controls put PhilHealth funds at risk

...Philippines state-run Philippine Health Insurance Corporation (PhilHealth) is under scrutiny for weak anti-fraud safeguards according to a study conducted by the Philippine Institute for Development Studies (PIDS)....

India: Insurers settled record health insurance claims in 2024-25

...Indian general insurers and standalone health insurers settled a record 32.6m health insurance claims in financial year 2024-25 according to Insurance Regulatory and Development Authority of India's (IRDAI) annual report for the financial year....

Hong Kong: Manulife launches 2 new participating savings plans

...life now offers customers a broader suite of solutions to meet diverse financial needs. On the other hand, the Prestige Achiever Insurance Plan provides immediate...

Munich Re appoints Eric Zhao as CEO of Beijing Branch

...Life & Health China. Before joining Munich Re in 2006 as Head of Operations, he held various roles at two major primary insurers in China. Earlier in his career, he worked as a medical doctor. Mr...

South Korean insurance industry faces slower growth, rising profitability and solvency pressures in 2026

...Life insurance is expected to contract due to weaker sales of savings-type products, while non-life insurance may see only modest growth, supported mainly by disease and accident coverage. Despite th...

APAC insurers set to increase risk exposure over next two years

...life, health and general insurers in Hong Kong, Singapore and Australia, as well as third-party investment firms serving life insurers...

Taiwan: Publicly funded HIV treatment will be extended to foreign residents as well

...Taiwan's Centers for Disease Control (CDC) has expanded the scope of its publicly funded HIV treatment scheme to include foreign nationals beginning in 2026. The CDC has not released any details on how the expansion would work....

Vietnam: Ageing population likely to peak around 2059

...Vietnam's population will continue to grow in the coming decades but the pace of growth is expected to slow down, reaching its peak around 2059 under a medium-fertility scenario. Thereafter, it is likely to shift into a period of slower growth or stabilisation, according to a new report by Vietnam's National Statistics Office (NSO)....

Indonesia: Regulator supports making travel insurance mandatory for foreign tourists

...The Indonesian insurance regulator, the Financial Service Authority (OJK), has expressed its support for making travel insurance mandatory for foreign visitors coming to Indonesia....

Morocco: Bancassurance sector, including bancatakaful, continues to grow

...life insurance (96.8%), while the investment-linked...

Thailand: Insurance regulator and industry players deliberate draft strategic plan for voluntary health insurance

...Life Insurance Association, the Thai General Insurance Association and medical experts....

Vietnam: Amended insurance law takes effect

...-life insurance companies, allowing them to offer term life insurance products with a term of no more than one year. Allowing non-life insurance companies to participate in this segment is considered...

People on the move

...Life Insurance Company (AGLIC) has announced the appointment of Mr Samy Touhouche as CEO.    Recognised for his strategic leadership and strong...

Products and alliances

...Life offers gold investment units through partners Sarwa Life Insurance has announced that “Dahab” Gold Investment Fund units will be incorporated in the inv...

Egypt: IFE issues eight recommendations for responsible AI use

...life and health insurance, to prevent discrimination. Data protection: Comply with privacy laws and use customer data transparently to build trust. Tran...

Rising air pollution needs insurers to get proactive

...life expectancy of the city’s residents by approximately 11.9 years.   A guidance report submitted to Britain’s House of Commons in 2018 revealed that poo...

Loss prevention moves to the fore as Middle East insurers rethink risk

...lifestyle diseases, surging medical inflation, declining fertility rates and ageing populations worldwide, Mr Nadasen said, “While ageing populations and health vulnerabilities are often discus...

Technology and sustainability: the keys to growth for ME (re)insurers in 2026

...Life Takaful – Salama’s Mr Mohamed Hussien suggests that one approach is for (re)insurers to meet insurance needs in ar...

GCC insurance market poised for another year of double-digit growth in 2026

...life insurance reforms in Saudi Arabia—and population growth.   Mr Ashworth said: “We expect that markets will continue to remain profitable but that earn...

Unlocking MENA's insurance growth in 2026: Why digitalisation and penetration

...life segments are expected to emerge as the main growth drivers in 2026, supported by demographic shifts across the MENA region, rising health awareness and the continued expansion of bancassurance....

Bahrain's insurers eye mandatory health insurance to drive next growth phase

...Life and Al Hilal Takaful, also during 2023. In 2022, Solidarity Bahrain’s operations were merged with the Bahraini business of the regional takaful company T’azur Insurance. In 2025, Sol...

Life & savings offers strong upside for insurers despite 2025 challenges

...life protection and savings.   “Awareness of insurance has increased, particularly among the younger generation. The market is eager for new products that cater...

Middle East Insurance Industry Awards - Winners' insights

People on the move

...Life and Health  Hannover Re has appointed Mr Sun Yan as Head of Life and Health Greater China, according to post on the company’s LinkedIn p...

South Korea: Health and auto insurance premiums set to rise in 2026 amid surging claims and losses

...-life insurers – Samsung Fire & Marine Insurance, Hyundai Marine & Fire Insurance, DB Insurance, Meritz Fire & Marine Insurance, and Hanwha Non-Life Insurance – have been risin...

Economic slowdown, technology and emerging risks for the Asian insurance industry

...Life Assurance Association (TLAA) President Nusara (Assakul) Banyatpiyaphod said, “The emergence of artificial intelligence is perhaps helping all of us. Advanced analytics and digital engageme...

Breaking the cycle: A holistic approach to musculoskeletal and mental health risks

...life.   Third, employers need to recognise that hybrid work, while beneficial for many employees’ mental wellbeing and lifestyle needs, also requires the right...

Global Insurers, new products and AI to redraw India's general insurance map

...life. With supportive regulations, digital advancement, and collective effort across the industry, general insurance will become an even stronger pillar of India’s financial system. Let’s...

Amended insurance act should give a boost to Indian insurance

...Life Insurance Corporation Act, 1956 and The Insurance Regulatory and Development Authority Act, 1999.   The new reforms are aimed at extending insurance coverage to...

Reimaging and realigning product innovation

...lifestyles and morbidity risks.    The inaugural session of the summit featured IRDAI Member – Distribution Satyajit Tripathy, New India Assuranc...

Regulator's proactive steps are a gamechanger

...life, health, and property insurance coverage for every citizen and enterprise by 2047.    Having future ready insurance ecosystem is a necessary prerequisite in...

Rising air pollution needs insurers to get proactive

...life expectancy of the city’s residents by approximately 11.9 years.   A guidance report submitted to Britain’s House of Commons in 2018 revealed that poo...

Reinsurers can help expand insurance reach and awareness

...Life and health reinsurers can play a crucial role in helping India’s insurers tackle the challenges of low penetration and lack of awareness. They can help make insurance more equitable and su...