Health and general insurers will soon be allowed to offer specific insurance cover to the public for medical treatment of vector-borne diseases like dengue, malaria and chikungunya.
The role of Hong Kong insurers in the Guangdong-Hong Kong-Macau Greater Bay Area (GBA) received a brief mention in the annual Poliicy Address delivered on 25 November by Hong Kong's Chief Executive, Ms Carrie Lam.
A court has ruled against the state health insurer, the National Health Insurance Service (NHIS), in the latter's smoking-related damages suit against three major tobacco companies, citing no direct "legal" links between its increased financial burden and their businesses.
The discovery of a COVID-19 vaccine would help lower the long-tail risk facing insurers, although the path towards economic recovery remains long and steep, said Swiss Re chief economist Jerome Haegeli.
In response to recent criticism about its exposure to coal-related investments, AIA said that it has been actively addressing the carbon-intensity of its investment portfolio for a number of years and would continue to do so.
Although the recent performance of insurance companies in Saudi Arabia has been rather tame, the sector presents long-term investment opportunities, says a report released by the Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IsDB) Group.
Kuwait's Health Insurance Hospitals Company (Dhaman) has announced it will be introducing a new compulsory health insurance plan for 2m expatriate residents working in the private sector, in addition to their registered families.
Swiss Re and Democrance, the Dubai-based InsurTech startup, have joined forces to empower regional insurance companies to automate and digitise their businesses with a focus on life insurance, while at the same time leveraging the project innovation capabilities developed by one of the largest reinsurers in the world.
AIA, AYA SOMPO and AYA Bank have entered into a strategic partnership to enable broader access to innovative insurance products and services for the people of Myanmar.
HDFC ERGO General Insurance Company, India's private sector general insurance company, and NSDL Payments Bank Limited, subsidiary of National Securities Depository Ltd (NSDL), announced their partnership to offer a whole range of general insurance products to the bank's customers. The partnership aims to bring together the deep distribution network of NSDL Payments Bank and the strong innovation pipeline of HDFC ERGO to contribute towards financial inclusion in the country.