Swiss Re has announced the appointment of Sunayana Mahansaria as head client markets life & health India, effective 1 February 2021. The appointment further reinforces Swiss Re's focus on and commitment to building stronger societal resilience through our unique solution offerings in India.
Munich Re has announced two senior appointments in its life and health business in the region. Aravind Srinivas will lead the group's Southeast Asia business and Tobias Frenz takes on responsibility fora newly formed business capability called Digital Solutions.
The 36 insurance companies in the private sector in Egypt commanded a share of 68.8% of total premiums collected in 2020, according to data from the Financial Regulatory Authority (FRA).
Kuwait Insurance Company's (KIC) strong operating performance, demonstrated by a five-year average (2015-2019) return-on-equity ratio of 8.4%, is driven by the company's solid technical results, notes AM Best in a report.
They may have a personal wealth of at least S$2 million (US$1.48 million) in assets, but 44% of high net worth women in Singapore do not feel confident about their financial future, according to a survey commissioned by Prudential Singapore.
Approximately 41,000 applications were received in 2020 under the industry-wide Deferred Premium Payment (DPP) scheme, accounting for approximately 0.3% of total in-force policies as of 31 March 2020, says the Life Insurance Association, Singapore (LIA Singapore).
Demand for life insurance in Ethiopia has shown a steady uptick due to rapid urbanisation and improvement in the livelihoods of people, Ethiopian Reinsurance has said.
The overall GWP in the Bahraini insurance sector is estimated to have fallen in 2020 due to lower economic activity, a decline in tourism from Saudi Arabia and other countries in the region, and a decrease in the sales of new cars, says S&P Global Ratings.
Research shows that health insurance policies available today in China often have features which undermine the credibility of the market, such as annual re-underwriting and non-guaranteed renewables, says Ms Thalia Georgiou, managing partner at the specialist healthcare advisory firm Asia Care Group (ACG).
The government has proposed to increase significantly the authorised capital of the country's biggest life insurer, Life Insurance Corporation of India (LIC), to INR250bn ($3.4bn) to facilitate its public listing scheduled for the next fiscal year beginning 1 April.