The CBIRC has announced that wef 1 January 2020, restrictions on the stake of foreign investors in life insurance joint ventures will be officially lifted, and the foreign shareholding can reach 100%.
Counting down to the end of 2019. And for those who have yet to achieve your year-end goal, this is the time when the mentally strong emerge, says Rookie Insurance Agency Leader of the Year 2018 Agnes Ng.
The Australian Securities and Investments Commission (ASIC) has announced a ban on unsolicited 'cold call' telephone sales of direct life insurance and consumer credit insurance (CCI). The ban will address poor sales practices that have led to unfair consumer outcomes. It will take effect from 13 January 2020.
FWD Group, the insurance arm of Hong Kong-headquartered Pacific Century Group, will be closing its employee benefits business in Singapore by December 2020. This means that the insurer will stop pitching for new contracts for that business and will also not renew existing contracts once they expire.
Insurance companies in South Korea will be allowed to have healthcare or medical service entities as subsidiaries under revised guidelines, the financial authorities have announced.
Customer expectations in the Asia Pacific region, especially around digital interactions and experiences, are the highest in the world, says international professional services firm EY in its 2020 Insurance Outlook report.
Medical insurance premiums are increasing because health insurance funds are paying for more healthcare, says Private Healthcare Australia (PHA), the Australian private health insurance industry's peak representative body.
The Insurance Companies Committee of Mali (Ccam) has announced that the Automobile Guarantee Fund will be operational soon.
Today more women in India are buying health insurance for themselves. This has increased from 9% in 2016-17 to around 19% in 2018-19 according to a study by Policybazaar.com.
Foreign investors can now hold more than half of the shares in life insurance joint ventures operating in China, according to a revised regulation unveiled last Friday.