Total premiums in Egypt increased to EGP40.1bn ($2.55bn) in the 2020 fiscal year compared to EGP35.2bn in the previous year, an increase of 14%.
Jaslyn Ng, three-time Court of the Table producer, Financial Services Manager and Asia's Top 5 Rookie Insurance Agent at the 4th Asia Trusted Life Agents & Advisers Awards, has a good 15% of her clientele base consisting of C-level executives.
A trio of Covid-19 related risks ranks at the top of Allianz Risk Barometer 2021, reflecting potential disruption and loss scenarios companies are facing in the wake of the coronavirus pandemic. Business interruption (#1 with 41% responses) and Pandemic outbreak (#2 with 40%) are this year's top global business risks with Cyber incidents (#3 with 40%) ranking a close third.
The quality of group insurance data has in general improved recently; however, most, if not all, data will have some missing or conflicting values, ambiguity, and a lack of granularity, says Rice Warner which provides actuarial consulting, research and technology solutions.
The government is running a pilot health insurance project which reimburses the costs of herbal medicine, in the face of opposition largely from Western-trained medical community.
Taiwan's national health insurance premium rate has been increased from 4.69% previously to 5.17% since 1 January.
The COVID-19 crisis has ensured that the provision of comprehensive health benefits for employees will become a top priority for UAE organisations in 2021, according to new research from Aetna International.
S&P Global Ratings has revised QLM Life & Medical Insurance's financial strength rating to A- from A. The outlook is stable.
Mr Akio Negishi, chairman of the Life Insurance Association of Japan (LIAJ) has said that because of the COVID-19 pandemic, there is a need to figure out the way forward for some time and that the present high degree of uncertainty will continue.
Korea's aging population poses a key challenge to the country's insurers in coming decades, with the share of the population aged 65 or above set to double to 32% by 2040 from 16% in 2020, according to a new report by Moody's Investors Service.