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Jan 2021



Australia: Better measures needed to understand insurance affordability

Households in up to 12% of Australian postcodes may face pressure meeting annual home insurance premiums according to a major research paper from the Actuaries Institute.

China: Insurance sector posts 6.9% growth in first 10 months of 2020

According to data from the China Banking and Insurance Regulatory Commission, the insurance industry posted total gross premiums amounting to CNY3.96tn ($604bn) in the first 10 months of 2020 – representing an increase of 6.9% over the corresponding period in 2019.

India: Aon re-enters insurance broking

Aon recently announced its re-entry into the insurance broking market in India after acquiring a 49% equity stake in Anviti Insurance Brokers.


Indonesia: Code of practice issued for general insurance agents

The Indonesian General Insurance Association (AAUI) has released a standard code of practice for general insurance agents according to a report from local publication Kontan.

Malaysia: Life insurance market shows recovery in 3Q2020

The Malaysian life insurance industry rebounded strongly in the third quarter of 2020. It registered a 44% increase in total new business premiums to MYR2.92bn ($717m) as compared to 2Q2020 according to the Life Insurance Association of Malaysia.

Vietnam: Manulife seals bancassurance partnership, buys Aviva's local operations

Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and Manulife Vietnam have signed an agreement to establish an exclusive 16-year bancassurance partnership to meet growing financial and insurance needs better.


Extreme poverty could engulf over 1bn people by 2030

A new study by United Nations Development Programme (UNDP) has found that an additional 207m people could be pushed into extreme poverty by 2030 due to the severe long-term impact of the coronavirus pandemic, bringing the total number of the world’s extremely poor to more than 1bn.

Falling groundwater levels put South and Central Asia farming at risk

Around the world, 1.2bn people live in areas where agriculture is severely affected by water shortages and scarcity, and nearly half of them live in South Asia, a recent UN report said.