The Egyptian insurance market posted premiums of EGP31.8bn ($2bn) during the first 11 months of 2019, compared to EGP26.1bn in the corresponding period of 2018, representing a growth rate of 21.8%.
A study by the Zurich Insurance Group (Zurich) and the Smith School of Enterprise and the Environment at the University of Oxford on agile workforce has found that 38% of the respondents in Malaysia who are currently in full-time employment, are looking to enter the gig economy in the next 12 months. This percentage is significantly higher than the global average of 20% recorded in the study.
New Zealand life insurers are more profitable than their peers in many developed OECD countries, with return on equity higher than the median and a low claim ratio, according to a paper by Jinny Leong and Adrian Allottm carried in the Reserve Bank of New Zealand Bulletin.
India's slowing economy will weigh on insurance premium growth over the next 2-3 years, although supportive measures put in place by the IRDAI will help counterbalance the deteriorating economic environment, says Moody's Investors Service.
China has issued a temporary reimbursement policy to ensure patients with pneumonia caused by the newly discovered coronavirus, called 2019-nCoV, will receive timely and thorough treatment, reported the Xinhua News Agency.
Dai-ichi Life Insurance has announced that it will launch low-cost and short-term life insurance products exclusively for online customers by September, reported Jiji Press. This digital insurance service will enable users to sign contracts, file claims and complete all other necessary procedures on the internet.
What drives a young millennial to become one of the top agency leaders in his company and amongst the very best in Asia's insurance industry?
Prudential has launched SmartAppoint, a free, value-added service offering extra protection in situations when an insured individual is unconscious or otherwise mentally incapacitated by enabling a family member to settle medical and daily life expenses. This new service is the first of its kind in Hong Kong.
The average lifespan is increasing in a number of Asian countries and insurers have had to consider the effects of an ageing population. But given the fact that people are also living healthier for longer, it is perhaps time to frame the issue differently.
Great Eastern has announced its refreshed campaign for 2020 focusing on its core mission of providing financial security, and promoting good health and meaningful relationships.