The main impact of the coronavirus pandemic on the
1Q2020 results of the top 10 insurers in the Korean life and non-life sectors is from heightened financial market uncertainty rather than the resultant business disruptions, according to Moody's Investors Service.
South African insurance giant Sanlam sees lots of potential in the Tanzanian market, but it needs bancassurance allies and better messaging to reach more customers.
The Inter-African Conference on Insurance Markets (CIMA) has stipulated to the Association of Cameroon Insurance Companies (ASAC) to provide coverage to policyholders infected by COVID-19, in accordance with principles of "fair treatment and protection of the insured".
The Life Insurance Association, Singapore (LIA Singapore) recorded a total of S$965.8m ($678m) in weighted new business premiums for 1Q2020, a 10% increase from the same quarter in 2019.
Indian life insurers may close down nearly 1,000 branches as digital sales platforms gain in prominence due to movement restrictions from the COVID-19 pandemic. There are currently 11,600 life insurance branches across the country.
The Nepal Press Union (NPU) has entered into an agreement with private insurer IME General for free COVID-19 insurance cover to journalists of Sunsari district in the country.
The five major A-share listed insurance companies in China have posted a combined life and non-life premium income of CNY1,118.8bn ($158bn) for the first four months of this year, an increase of 5.63% compared to the same quarter last year.
Happy to reach a new milestone as the tenth episode of #MunchwithJenandBen aired with co-hosts Jensen Siaw, International Motivational Speaker, Benjamin Ang, Editor and Ken Kish, Owner of Munch Munch.
Similar to other economic sectors in Algeria, the insurance sector is feeling the impact of the COVID-19 pandemic.
Health Minister and head of Central Epidemic Command Centre Mr Chen Shih-chung said he would to tackle the "impossible task" of reforming the country's national health insurance (NHI) programme.