Premiums in Egypt's insurance sector are expected to decline by 15-20% in the financial year ending 30 June 2021 (FY21) due to the coronavirus pandemic, according to a senior industry official.
Insurers will need to change how they support agents to help them become more resilient in the face of the pandemic and prepare to thrive in the post-COVID-19 world.
Day 3 of MDRT Virtual Event centred on becoming a better version of ourselves. We bring you the highlights on becoming more resilient, becoming more focussed, and voting for the type of person you wish to become.
The Thai Life Assurance Association (TLIA) is seeking more flexibility from the insurance regulator to sell health protection and critical illness (CI) riders, a segment that saw 10% sales growth in the first six months of 2020.
Taiwan's life insurers are expected to continue their shift away from savings products and Taiwan dollar policies as they prepare for IFRS17 and the start of a new solvency regime, says Fitch Ratings.
The life insurance industry in Australia paid out more than A$12bn ($8.7bn) to 101,821 Aussies and their families during 2019, according to data released by the Financial Services Council (FSC) as part of activities during Life Insurance Awareness Week last week. Income Protection/Disability Income insurance payouts accounted for more than a third of the total sum paid.
The government owned Philippine Health Insurance Corporation (PhilHealth) , which implements universal health coverage in the country, only has funds to last until 2021, a Senate probe has learnt.
Ties between medical insurers and healthcare providers in the UAE are strained, raising the spectre of insurers suspending cover to medical centres in question, if no resolution is achieved shortly.
With close to 2m COVID-19-positive cases in the region, insurers in South Asian markets are rising to the occasion to serve their clients by keeping offices functioning, introducing new products and promptly settling claims.
Research scientists at University of Birmingham and University of Bern have uncovered a clear correlation between air pollution and cases of COVID-19.