Japan's recent adjustment of monetary policy is likely to have a moderately positive impact on economic capital and earnings for the country's life insurers in the next one to two years, says Fitch Ratings. The direction and scale of changes in Japanese bond yields will be key to the longer-term impact on their credit profiles.
The expenditure of Taiwan's long-term care fund will exceed NT$80bn ($2.5bn) this year when the budget is expected to fall into a deficit, according to estimates from the Ministry of Health and Welfare.
Newly-licensed Narayana Health Insurance plans to start operations by the first quarter of the fiscal year starting 1 April 2024 (FY2025).
Health and safety (84%) overtook cyber attack, including cyber extortion (69%), as the top risk for directors and officers (D&O) in APAC this year, according to the 2024 Global Directors' and Officers' Survey Report from WTW and Clyde & Co.
Qatar's listed insurance companies posted a combined net loss of QAR360m ($99m) for the financial year ended 31 December 2023, according to annual financial statements lodged by the companies with the Qatar Stock Exchange.
Life Insurance Corporation of India (LIC) has emerged as the strongest insurance brand in the world with a steady brand value of US$9.8 billion, a brand strength index score of 88.3, and an associated AAA brand strength rating, according to a report by Brand Finance Insurance 100 2024.
New research by private health insurer, nib New Zealand, has revealed that almost half of Kiwis (47%) are behind on their general health check, yet the majority believe their current health is in good shape.
Star Health and Allied Insurance Company has been granted registration as IFSC Insurance Office (IIO), allowing it to set up a branch at the International Financial Services Centre (IFSC), GIFT City, in Gujarat. It is the first health insurance company to be granted the registration.
The Tanzanian government is committed to fostering a robust insurance market as a cornerstone of economic development, according to Professor Kitila Mkumbo in his capacity as the Minister of State for Investment and Planning.
2023 has seen the Saudi insurance industry bounce back strongly to profitability after an extremely challenging 2022, without any insurer reporting a net loss, points out Badri Management Consultancy, an international actuarial and business consulting company.