AXA has recorded EUR1.5bn ($1.78bn) in COVID-19 claims in the first half of this year, which is in line with its earlier forecasts.
Seeking to alleviate COVID-19 fears of Hong Kong-based travellers, Avo Insurance has introduced new travel protection plans for those who need to travel to mainland China.
Etiqa Singapore will be providing all staff working in the local healthcare sector with a complimentary three-month special COVID-19 benefit of up to S$52,000 ($37,948) in case of diagnosis of coronavirus as well as a personal accident cover.
The Beema Samiti (Insurance Board of Nepal) has launched a COVID-19 insurance scheme for government employees which was announced by the government in its fiscal budget for 2020.
The Ministry of Tourism, Industry and Commerce of the Canary Islands Government has signed an agreement with AXA Spain for a travel assistance policy applicable to all tourists traveling to the Islands, regardless of nationality.
For displaying bold leadership and driving a team of five that has grown to 50 members in a short span of two years as well as propelling his company to greater heights and contributing to the growth of the life insurance industry in Sri Lanka, Lahiru Maduranga from Softlogic Life Insurance PLC was named Rookie Insurance Agency Leader of the Year at the 5th Asia Trusted Life Agents & Advisers Awards 2020.
Eleven life insurance companies with foreign shareholders have shown improved net results for the first half of the year, according to an analysis by quanshangcn.
Despite the impact of the COVID-19 pandemic, eight insurance companies owned by Chinese banks still managed to report profits for the first six months of this year.
Sino-French Life Insurance, a joint venture set up by China Post and France's CNP Assurances, may have to file for bankruptcy or the authorities could take control of the insurer due to the firm's lack of solvency.
Air pollution has caused an estimated 49,000 deaths and $23bn in economic losses in the cities of Beijing and Shanghai alone since 1 January, reported Reuters.