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Life & Health tag returned 8094 results

  • South Africa: Life insurers continue to weather adverse conditions

    South Africa's life industry remains in robust financial health and well capitalised although the past two years severely stress-tested the financial resilience of insurers as a result of the COVID-19 pandemic, severe market volatility, and a steep increase in the cost of living for consumers, according to long-term insurance statistics released last week by the Association for Savings and Investment South Africa (ASISA).

    Africa | 26 Sep 2022
  • Uganda: Sole local reinsurer's focus is on voluntary business

    Amidst the challenging economic environment in 2021, Uganda Reinsurance registered a 0.1% growth in Gross Written Premiums and a 9.95% increase in investment income for the year ended 31 December 2021, says the company's chairman, Professor Twaha Kigongo Kaawaase, in the reinsurer's recently released 2021 annual report.

    Africa | 26 Sep 2022
  • Mauritius: French development agency takes strategic stake in MUA

    French development institution Proparco has acquired a stake worth $10m in Mauritian insurance company MUA, which has a presence in several markets in Africa.

    Africa | 26 Sep 2022
  • Turkiye: Demand for supplementary health insurance soars

    Total premiums generated from supplementary health insurance (SHI) business increased by 137% to TRY2.79bn ($151.72m) in the first half of this year compared to the corresponding half of the previous year, according to the Insurance Association of Turkiye (TSB) that compiled the data from its member companies.

    Middle East | 26 Sep 2022
  • Singapore: FWD launches critical illness product

    FWD Singapore has launched a new critical illness (CI) plan that can be purchased online, with no need for a medical examination.

    Agents | 25 Sep 2022
  • Australia: Private health fund returns US$26m in COVID-related claims savings to subscribers

    Listed private health fund, nib Group (nib), has announced that it will return a further A$40m ($26m) in health insurance claims savings to members.

    Asia | 26 Sep 2022
  • Pakistan: United Insurance drawn to life insurance business

    The United Insurance Company of Pakistan, a general insurer, has announced that it will start a life insurance business.

    Asia | 26 Sep 2022
  • Hong Kong: Well Link Life CEO takes on more responsibilities

    Well Link has appointed Mr Thomas Lee as CEO of Well Link Insurance and deputy CEO of Well Link Insurance Group, while continuing to serve as the CEO of Well Link Life. He is responsible for leading the business development of life insurance and general insurance. The appointment has been approved by the regulatory authority. He is a senior executive in the Hong Kong insurance industry. He assumed the role of CEO of Well Link Life in April 2019.

    People | 23 Sep 2022
  • Sri Lanka: AIA appoints board members

    AIA Sri Lanka has appointed Mr Tan Hak Leh as the new chairman of the board of directors. He is the regional chief executive of AIA group with responsibility for the business operations in Thailand, Singapore, Brunei, Malaysia, Cambodia, Myanmar, Vietnam and now, Sri Lanka. He brings in strategic experience and knowledge gained over 30 years across extensive disciplines in the insurance industry in Asia, including 11 years with AIA Group. He is a fellow of the Institute of Actuaries (UK).

    People | 23 Sep 2022
  • Days of double-digit business growth "are over", says major insurance group

    The days of double-digit or even higher growth in the mainland Chinese insurance industry are gone, and steady growth is now the norm, say senior management of China Pacific Insurance (Group) Co [CPIC].

    China | 23 Sep 2022


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