In the latest release of amendments for the Income Tax Act by the Ministry of Finance, Singapore, a new section is added in the principal Act concerning insurance agents earning commissions not exceeding $50,000.
To address the debt gap among Malaysians, Zurich Takaful Malaysia has introduced a new protection plan called 'Takaful Family Hero' which is said to be a first-of-its-kind offering in the takaful industry.
Insurers which offer compulsory motor third party liability (CTPL) insurance in China should improve protection of persons against injury/death instead of focussing on covering vehicle damage, according to Mr John Chen, president of Swiss Re China.
The yields of China's treasury bonds have reached the lowest quartile of the last five years, with persistent low interest rates viewed as a major threat for life insurance companies, given their rate-sensitive products and investments, says international professional services firm EY.
Beijing-based listed life insurance giant New China Life Insurance plans to tap the country's ageing population in its strategic development.
Aegon THTF Life Insurance has proposed to increase its registered capital by CNY230m ($32.7m) to CNY2.63bn, or by 9.6% from CNY2.4bn.
Around 10.16m babies were born in China in the first 11 months of this year, says Mr James Liang, chairman and co-founder of online travel giant Ctrip, citing reports circulated via social media. He is also a professor of economics at Peking University's Guanghua School of Management.
The Communist Party of China and the State Council have issued jointly an outline of the integrated regional development of the Yangtze River Delta, spelling out targets, requirements and measures to boost the integrated development of the Delta.
Insurance companies in China will have to move toward digitalisation to improve efficiencies, provide better customer experiences and deal with the disruptive challenges from technology giants that are increasingly involved in the insurance market, says international professional services firm EY.
Global reinsurers are stepping up warnings to their life insurer clients about the potential risks of vaping, putting pressure on underwriters to charge certain vapers higher rates than smokers, or even exclude them altogether, reported Reuters.