GWP growth in Saudi Arabia is estimated to be up to 5% in 2021, supported by the Hajj and Umrah Medial Insurance Programme, the Inherent Defects Insurance Scheme, and higher motor insurance penetration, according to S&P Global Ratings.
S&P Global Ratings' ratings on insurers in the Gulf Cooperation Council (GCC) to remain broadly stable in 2021, mainly thanks to robust capital buffers and despite ongoing economic uncertainty relating to the COVID-19 pandemic, the international credit rating agency says.
Great Eastern Holdings' total weighted new sales (TWNS) rose 23% y-o-y to S$1,545.3 million (US$1,172.2 million), according to its financial results for year ended 31 December 2020.
The Monetary Authority of Singapore (MAS) is proposing revisions to rules and guidelines for insurers on enterprise risk management (ERM), investments and public disclosure requirements.
A proposal by a national lawmaker for all family planning restrictions to be lifted in the northeastern provinces of Heilongjiang, Jilin and Liaoning, which previously formed the industrial belt of the country, has attracted unenthusiastic responses.
The Financial Services Council (FSC) has announced the creation of a new Health Committee to focus on supporting great customer and patient outcomes.
Great Eastern Holdings (GEH) has announced that its profit attributable to shareholders declined by 4% decrease to S$960.6m ($727.6m) for the year ended 31 December 2020 (FY2020) amid less favourable financial market conditions for the year, particularly in 1Q2020, compared to last year.
Bupa Arabia for Cooperative Insurance has announced that it has reached a final settlement agreement on the payment of zakat, income and withholding tax claims with the General Authority for Zakat and Tax.
Changing career might seem daunting, but it can also be one of the most rewarding experiences. Here is the story of Ong Pei Yi, who made the shift from a former Cabin Crew to now a Great Eastern Agent of Life.
China's first special regulation on the use, management and supervision of China's medical insurance funds. of medical insurance funds takes effect on 1 May.