Magazine Table of Contents
Online life insurance business maintained steady growth in 2020, with a total of CNY211.1bn ($32.6bn) in premiums, a year-on-year increase of 13.6% compared to 2019, according to data released by the Insurance Association of China (IAC) based on 2020 internet life insurance business information submitted by life insurance companies with online operations.
The Indonesian Life Insurance Association (AAJI) is expecting life premium income in the country to expand by double digits this year.
The government has proposed to increase significantly the authorised capital of the country’s biggest life insurer, Life Insurance Corporation of India (LIC), to INR250bn ($3.4bn) to facilitate its public listing scheduled for the next fiscal year beginning 1 April.
Insurance lines closely linked to GDP growth and exports such as motor or trade credit and marine have been directly affected by the pandemic.
The world is currently undergoing one of the largest and most complex vaccination campaigns in history, and, not surprisingly, scammers and sellers on the dark web have been eager to make a profit off the process.
Hackers are increasingly using vaccine-related emails in their targeted spear-phishing attacks according to a new report by Barracuda Networks, a cloud-enabled security solutions company. Barracuda conducted an analysis between October 2020 and January 2021.