Sehteq, Dubai-based health InsurTech start-up, has announced that Dr Hazem Al Madi has joined company as a managing partner.
Oman Insurance Company (OIC), one of the UAE's biggest insurers, has a track record of strong operating performance, demonstrated by a 10-year (2011-2020) weighted return-on-equity (ROE) ratio of 8.2%, notes AM Best.
In the first quarter of 2021, the five major listed insurance groups posted a 2.64% increase in aggregated total premium income to CNY973.2bn ($149.2bn).
The CBIRC is conducting a study on life insurance sales and plans to formulate measures to improve the sales management, according to industry players. This includes launching a comprehensive review of the commission system in the life insurance sector.
The CBIRC has issued a set of draft regulations, that standardises for the first time the accident insurance business of property and life insurance companies. The goal is a unified set of rules for property and life insurers that will help prevent possible regulatory arbitrage behaviour by insurers.
The surrender rate of the life insurance industry has declined for past two consecutive years, according to industry data. However, the total surrender amounts were still high.
Shanghai United Assets & Equity Exchange has announced that 70% of the equity of Great Wall Changsheng Life Insurance has been placed on the block.
Starting this month, the newly-enhanced Dependants' Protection Scheme (DPS) under the Central Provident Fund Board (CPF Board), provided by Great Eastern for the next five years, will offer close to 2m DPS members increased insurance coverage.
Mental health problems caused by the COVID-19 infections will be the next pandemic according to a new study published by the Barcelona Institute for Global Health (ISGlobal) in March 2021.
The COVID-19 pandemic has pushed health and wellbeing to the forefront of consumers' concerns and there is an urgent need for cost-effective healthcare backed by insurance, said speakers on the opening day yesterday of the Virtual Asia Conference on Healthcare and Health Insurance.