China's Deposit Insurance Fund Management Corporation (DIFMC) has stepped in to acquire a stake of around 4.6% in Happy Life Insurance from a shareholder of the insurer.
Niva Bupa Health Insurance's share price closed at INR74.00 (88 US cents) per share yesterday when the stock made its trading debut on the BSE following an initial public offering. The stock opened the day at INR78.50, reaching a high of INR80.94 and a low of INR73.60.
Looking ahead to 2025, the General Accounting Office and the Central Bank expect that the economy is expected to maintain moderate growth, which should continue to provide a favourable operating environment for the insurance industry, says KPMG in its newly released "2024 Taiwan Insurance Industry Report".
The Insurance Culture and Conduct Steering Committee (ICCSC) yesterday announced the launch of its new action plan to strengthen trust in Singapore's insurance industry.
The OCBC Financial Wellness Index 2024 has found that DINKs (Dual Income, No Kids) trail parents on eight out of the 24 OCBC Financial Wellness Index indicators. Notably, retirement planning is a key indicator where DINKs fare considerably worse than parents (score of 33 vs 44).
The Financial Regulatory Authority (FRA) has directed life insurance companies operating in the Egyptian market to look into the credit standing of insurance applicants who wish to buy policies with high insured sums.
Zurich Takaful Malaysia Berhad (ZTMB) has introduced MediAfya+, a new takaful medical plan aimed at offering more comprehensive healthcare coverage for Malaysians.
More than 90m of people suffering from diabetes currently live in Southeast Asia where the number of adults with diabetes is projected to soar to 152m by 2045, presenting a serious public health challenge, according to a Sun Life survey.
Less than 1% of insurance claims for damage caused by floods and landslides have been paid out to date, according to data from the Nepal Insurance Authority (NIA).
AIA China has received approval from the National Financial Regulatory Administration (NFRA) Chongqing Bureau to begin preparations to establish a new branch in the Chongqing Municipality, a strategic and major market equivalent to a province, AIA Group says in a statement.