Union Assurance has made history with a record number of Million Dollar Round Table (MDRT) qualifiers to achieve the number one position in Sri Lanka.
Ping An Bank, the subsidiary of Ping An Insurance (Group) Company of China, has topped the rankings in Euromoney's Annual Global Private Banking and Wealth Management Survey for Best China Family Office Services.
The prosthesis market in Australia needs major reform because private hospital insurance pays out more than A$2bn ($1.55bn) each year in benefit payments for prostheses, accounting for more than 12% of all benefit payments, says the non-partisan Grattan Institute, a think tank dedicated to developing high quality public policy for Australia's future.
The government is set to withdraw the National Health Insurance Scheme (NHIS) 2019 following disagreements between various stakeholders.
Four insurers listed on the Bahrain Stock Exchange have posted an aggregate net profit of BHD13.75m ($36.45m) for the 2020 financial year, an increase of 17% compared to BHD11.78m for the year 2019.
Some regulators in the GCC are reportedly assessing the impact of insurance rates if pandemic risks were insured, S&P Global Ratings says.
Membership of New Zealand's largest health insurer is at its highest in more than a decade.
An increase in competition and resumption of nonessential medical treatment could cause claims to rise to more normal levels and, consequently, lead to weaker but still profitable underwriting results in 2021, according to a report by S&P Global Ratings.
Beijing-headquartered China Post Life's net profit in 2020 fell by 26.13% to CNY1.247bn over 2019. This is China Post Life's first drop in net profit in at least five years, in spite of increasing premium income.
Premium growth in the life insurance market is expected to rebound with increases of 10%-15% forecast for this year and the next, reflecting rising awareness of protection needs and retirement planning, says S&P Global Ratings.