The number of cities in China that have rolled out low-cost huiminbao supplementary inclusive health insurance plans exceeded 158 in 21 provinces last month. The amount of premiums generated from the plan has exceeded CNY1bn ($152m) from more than 20m subscribers nationwide.
DocDoc Pte Ltd, a patient intelligence company, has partnered with SpesNet Global Group, a leading healthcare technology provider, to integrate its digital TPA (third party administrator) technology and provide a cashless and integrated claims processing solutions to insurers and brokers across Asia.
The Algerian insurance sector and the authorities are looking at creating a new insurance scheme to cover COVID-19 and other pandemic risks.
Indian health and general insurers will soon offer specific health insurance cover for treatment of vector-borne diseases like dengue, malaria and chikungunya.
The Indian non-life industry reported a 7% y-o-y growth in premiums, excluding crop, in October 2020 which is marginally lower than 10-11% y-o-y growth over the past two months.
It's that time of the year again! And Asia Advisers Network is here to partner you and cheer you on as always. Here are some short videos for a quick boost-me-up.
The consortium led by Singapore Life, a homegrown insurer offering mobile savings and protection solutions, has completed the transaction to combine Singlife with Aviva ("Aviva Singapore").
Insurers are at risk of declining profitability as squeezed margins undermine their ability to pay claims in the long term, and consumers are being turned off by climbing premium costs. That is according to "Affordability Ails Australia's Health Insurers," a report published yesterday by S&P Global Ratings.
The outlook for the Korean life insurance sector in 2021 is worsening, based on an updated definition being employed by Fitch Ratings that takes into consideration underlying fundamentals expected in 2021 relative to actual fundamentals in 2020.
The Insurance Authority (IA) yesterday released provisional statistics of the Hong Kong insurance industry for the first three quarters of 2020, indicating a growth of total gross premiums by 5.5% to HK$461.1bn ($59.5bn) over the corresponding period in 2019.