The aggregate profit of insurance companies listed on UAE stock exchanges fell by 12.9% to AED590.87m ($160.86m) for the first quarter of this year, compared to AED678.07m for the corresponding quarter in 2021.
A survey by AIA Singapore has revealed that two-thirds (66%) of Singapore's local workforce are worried about job loss due to illness or disabilities and more than half (53%) do not have any disability income protection.
Australian specialist healthcare underwriting agency Tego Insurance will now also offer a combined liability package for the aged care sector.
Despite the fifth wave of Covid-19, some of the city's biggest insurers have enjoyed surging sales thanks to their digital offerings and a heightened public awareness of the need for medical cover.
Life insurance companies in India have received at least 218,000 COVID claims amounting to INR169.22bn ($2.18bn), according to data released by the Life Insurance Council, an umbrella body of life insurers.
Two-thirds (66%) of Singapore's local workforce are worried about job loss due to illness or disability, while more than half (53%) do not have any disability income (DI) protection, according to findings of the AIA Disability Income Survey 2022 which were released yesterday.
The top four insurance companies in Saudi Arabia, based on 2021 premium income, have reported weaker net results for the first quarter of this year, as a result of higher claims.
Trading in shares of Life Insurance Corporation of India (LIC) opened and closed yesterday at prices below the company's IPO price.
Laureola Advisors, a specialist asset manager focused exclusively on life settlements, has opened an office in Sydney, following a soft entrance to the Australian market two years ago.
Health insurance, which includes both compulsory and non- compulsory lines, accounted for 59.7% of the 2021 total market gross written premiums (GWP) in Saudi Arabia. Health GWP in 2021 amounted to SAR25.11bn ($5.63bn) in underwritten premiums, according to "The Saudi Insurance Market Report 2021" released last week by the Saudi Central Bank (SAMA).