Insurers have raised their plea for the government to forego implementing the next and final tranche of an increase in the industry's capital requirements by the end of 2022.
The Life Insurance Association, Singapore (LIA Singapore) yesterday announced that all seven Integrated Shield Plan (IP) insurers are extending coverage to COVID-19 vaccination complications that result in hospitalisation.
The Life Insurance Association, Singapore (LIA Singapore) today announced that all seven Integrated Shield Plan (IP) insurers are extending coverage to COVID-19 vaccination complications that result in hospitalisation.
The Central Bank of Saudi Arabia (SAMA) says that it continues to work on a number of development initiatives and structural reforms in order to develop the insurance sector and for the sector to achieve alignment with the Kingdom's "Vision 2030" goals.
Medical health insurance policies issued for the current year show a price increase of between 5 and 10% in general, according to insurance industry executives.
Manulife Hong Kong has announced the appointment of Ivan Chan as Chief Agency Officer (CAO) and Tracy Leung as Chief Partnership Distribution Officer (CPDO). Both appointments come as part of the company's ongoing commitment to strongly building its leadership to further expand its distribution capabilities.
The changing regulatory landscape, higher minimum capital requirements, and the fragmented market will further drive M&A activity for Saudi Arabian insurance companies, says Fitch Ratings in a new report.
Insurance companies have paid only 3.6% of about $1.5bn in insured losses arising from last year's 4 August explosion in Beirut Port, as they await the results of investigations into the incident.
China's leading on-demand food delivery firm Meituan has announced that it is to shut down its mutual aid platform, which offers financial aid for medical treatment by getting members to club together and share expenses equally, as regulators toughen their stance on the overextension of Internet-based giants into peripheral fields that lack regulation.
The five major A-share listed insurance companies in China have posted an aggregate premium income of CNY2.49tn ($385bn) in 2020, an increase of 3.65% compared to 2019.