The COVID-19 pandemic is hitting the Middle East & Africa region, particularly oil exporters, notes Swiss Re Institute.
Almost six in 10 South African consumers were worried about meeting their financial obligations in May, according to a survey by Boston Consulting Group's (BCG) Centre for Customer Insight.
Have you ever wondered just how prestigious Million Dollar Round Table (MDRT) membership is in your country or territory? Maybe you are an MDRT member and you are wondering just how many fellow Million Dollar Round Table members there are in my market? Or if you are a consumer and your adviser or agent shared that he/she is an MDRT member, and you are wondering what the big deal is? Asia Advisers Network breaks down the numbers for you.
Morocco tops the MENA region in terms of total insurance penetration, and life insurance penetration. This is despite the fact that in terms of premium volume, the country ranks as fifth largest in the region.
China may face a sharp rebound in non-performing loans at insurers and banks after COVID-19 relief incentives delayed the reflection of risk exposure on the balance sheet of lenders, reported Bloomberg.
The life insurance sector witnessed an 18.6% fall in first-year premium to INR493.35bn ($6.6bn) in the April-June quarter of the current financial year, hit by the coronavirus pandemic, according to a report by CARE Ratings.
The non-life sector in the emerging insurance market of the Middle East and Africa is expected to suffer from this year's pandemic-induced recession, says Swiss Re Institute.
AIA Singapore today announced several key changes that will take place within its top management team with immediate effect. Ms Ho Lee Yen, who is currently the chief customer and marketing officer will take on the role of chief distribution officer; Ms Melita Teo, the current chief operations officer will take on the role of chief customer and digital officer; and Mr Tan Kian Loy will be promoted to the role of chief operations officer.
Sun Life Hong Kong has sponsored a children's picture book that will raise awareness on diabetes and promote a healthy lifestyle. The children's picture book -Is Something Wrong with Granny?! is published by Diabetes HongKong.
China is no longer going to be the frontrunner in the region with respect to expected growth over the next decade according to a report by Allianz and Euler Hermes.