Financial professionals in Malaysia will now have access to resources and guidance to help them in their careers as MDRT - a global, premier association founded in 1927 for financial services professionals - is broadening its support and reach with a new kind of association: the MDRT Academy.
AXA Insurance Singapore has announced the appointment of Li Choo Kwek-Perroy as managing director, life, effective immediately. She will lead the company's life strategic business unit including product, claims and underwriting, as well as the life distribution channels, reporting to CEO Jean Drouffe.
Zurich Malaysia has announced the appointment of Khoo Ai Lin as the CEO of Zurich Life Insurance Malaysia effective 4 January 2021. She succeeds Stephen Clark, who remains as executive director for the company.
The cost of COVID-19 vaccinations in China will be covered by the basic medical insurance fund and government fiscal, measures, rather than by individuals themselves, said Mr Li Tao, deputy director of the National Healthcare Security Administration (NHSA).
The CBIRC has issued its "Notice on Regulating Issues Concerning Short-term Health Insurance Business", covering of product design, policy renewal, sales, claims, and the suspension of sales. The goal is to regulate short-term health insurance operations and management.
Online mutual healthcare assistance platform Xianghubao, which is part of the Ant Group, saw its subscriber numbers fall to 101m as of 7 January 2021, compared to 105.8m in the first phase of November 2020. This represents a shrinkage of more than 4m in the number of subscribers.
The CBIRC is decentralising its direct supervision of the 91 life insurers in the country by splitting them into those that are to be supervised by local regulatory bureaux and those whose direct supervision is retained by the headquarters.
The past year has made a significant impact on how individuals engage with one another across industries. Physical distancing measures have transformed traditionally performed activities, with several companies resorting to remote working for most of their employees. V. Viswanand, Deputy Managing Director, Max Life Insurance, shares in this article how it has affected insurance distribution and reimagines advisers' role to align with the future of life insurance distribution in India.
The IRDAI has formed a panel of experts to examine the availability of health insurance products in the country in light of the needs of society and to recommend suitable products and processes.
Indian consumers now use digital platforms extensively and prefer to purchase insurance through them according to a new survey by Swiss Re.