The growth rate of the premium income of the life insurance business of the five major Chinese listed insurance companies in the first five months of this year continued to slow, compared to the previous months of this year.
Statistics show that one out of every five people in China suffers from a chronic illness, 50% of them die before the age of 60.
The National Healthcare Security Administration (NHSA) has issued the "Healthcare Security Law (Draft for Soliciting Comments)" with the aim of enacting a comprehensive medical security law that focuses on the government-run basic medical insurance fund.
he cumulative premium income of China's five largest listed A-share insurance companies for the period from January to May 2021 reached CNY1.3tn ($202.5bn), which reflected flat performance compared to the corresponding five months of 2020. The growth rate for the first five months of this year was only 0.69%.
For Allianz Asia Pacific Life & Health CEO Anusha Thavarajah, Asia is the most exciting region for life insurance - with rising affluence and shifting trends in wealth and technological innovation marking the start of what she believes is going to be "a truly exciting decade".
PCGI Intermediate Holdings, the parent company of FWD Group and FWD, has filed confidentially for a US initial public offering, moving ahead with preparations for a long-awaited listing, according to a report by Bloomberg.
The government's "Your Future, Your Super" legislative package was passed by the Senate yesterday, following its passage through the House of Representatives earlier this month.
The Orient group has a track record of consistently outperforming its peers in terms of underwriting and overall profitability, which has been largely free of material fluctuations despite severe competition and regulatory changes in the UAE market, notes AM Best.
The COVID-19 pandemic could mean increases in the cost of health insurance in the UAE, according to a top industry figure.
Moody's Investors Service says that it has changed the outlook for the global life insurance sector to stable from negative for 2021.