South African life and non-life insurers continue to navigate a challenging macroeconomic environment, says S&P Global Ratings (S&P).
An investment fund model similar to the Private Pension System (BES) should be created in the life insurance market in Turkiye, according to the President of the Insurance Association of Turkiye, Mr Ahmet Yasar.
Aussies living in residential aged care facilities are at risk as they may not be able to access regular GP care due to systematic failings in the care system.
Many insurers in the Asia-Pacific region now favour capital-light product strategies and are shifting to products that are less sensitive to interest rates, particularly protection products linked to mortality and morbidity risk, says Fitch Ratings.
AIA Hong Kong & Macau has launched its Wealth Flexi Savings Insurance Plan (Wealth Flexi), a participating whole-life savings plan, alongside its first-in-market Future Wishes Arrangement, empowering high-net-worth (HNW) individuals and families to adopt more structured approaches to wealth, liquidity and legacy planning.
The health insurance sector needs to help individuals manage risks to good health, before they become medical events, according to Aditya Birla Health Insurance's CEO Mr Mayank Bathwal.
The Council of Australian Life Insurers (CALI) is warning that life insurance lead generation should not be swept up into a blanket ban designed to address misconduct in other parts of the financial system.
Lioner International Group, an Asian fully integrated insurance, trust and family office consortium, has launched its newest office in Zurich, Switzerland, marking its first overseas presence outside Asia.
The Organisation for Economic Co-operation and Development (OECD) has commended the various reform measures being implemented by the Financial Services Authority (OJK) in the insurance and pension fund sectors to strengthen financial sector resilience, enhance consumer protection, and encourage healthy and sustainable industry development.
As Malaysia steadily moves to join the comity of ageing Asian nations, it is also planning to introduce a major reform by bringing in a mandatory national long-term care insurance scheme. This could transform the whole system of elderly care and its funding in the country.