Shin Kong Financial Holding Co's board of directors have approved its insurance unit's proposal to use fair-value accounting rather than cost accounting to assess non-self-use properties.
Insurance penetration in Kenya has dropped to 2.43%, the lowest in the last 15 years, according to Kenya Insurance Industry Survey 2019 Report.
The number of insurers in Rwanda reduced from 16 in December 2018 to 14 in December 2019, according to a Budget Framework Paper released on 21 May by the Ministry of Finance and Economic Planning.
Mr Lee Yuan Siong today (1 June) assumed the role of Group Chief Executive and President of AIA Group and joined the Company's Board of Directors. He succeeds Mr Ng Keng Hooi, who has retired from his executive positions with the Company.
The PreceptsGroup is the new brand name of the Rockwills Singapore Group with effect from 28 January 2020. Mr Lee Chiwi, CEO, PreceptsGroup International, shares with Asia Advisers Network his vision and why financial practitioners should partner the Group to deliver holistic solutions to clients.
Total gross premiums generated in 1Q2020 in Hong Kong increased by 10.9% to HK$165bn ($21.3bn) over the corresponding quarter in 2019, according to provisional statistics released by the Hong Kong Insurance Authority (IA).
New office premiums in respect of policies issued in Hong Kong to mainland Chinese visitors stood at HK$5.4bn ($697m) in the first quarter of this year. This represented a decrease of 57.7% compared to the corresponding quarter in 2019.
Affected by the new coronavirus pandemic, the transformation of insurance agents' marketing model is particularly profound.
Flipkart and Aegon Life Insurance have launched 'Life Insurance with COVID-19 Cover' for hospitalisation expenses up to INR100,000 ($1325).
The board of directors of Taiwanese life insurer, Shin Kong Life, has approved a proposal to increase the company's investment in Beijing-headquartered Dingcheng Life Insurance by CNY187.5m ($26.3m), according to a filing with the Taiwan Stock Exchange.