Two-thirds of GCC respondents to a survey on the state of health of employees reported symptoms of poor mental health and well-being, or had a mental-health condition diagnosis, according to the global management consultancy McKinsey . & Company.
In 2023, the sales environment of the insurance industry is expected to improve, both internally and externally, says China Merchants Securities (CMS).
While crowdfunding may help patients in need, medical crowdfunding platforms not only fail to reduce inequality among those in need of assistance, but also reinforce it, according to a sociologist Mr Cheng Cheng, an associate professor of sociology at Southeast University.
China's insurance industry posted CNY4.7tn ($697bn) in premium income in 2022, an increase of 4.58% compared to 2021, according to statistics released by the CBIRC.
2023 is going to be a transformative year for the Korean insurance industry given that major regulatory changes are taking effect and their implications could be significant across the insurance sector, says Korean Re in a blog.
Dr Mohamed Farid Saleh, chairman of the Financial Regulatory Authority (FRA) has issued a decision (No. 194 of 2022) regarding rules and procedures for revising the licensing of takaful companies to allow them to operate in the traditional commercial insurance system in the Egyptian market. The decision was published in the Official Gazette on 29 January 2023.
The Ministry of Human Resources and Social Development, with the Saudi Central Bank (SAMA) and Najm Insurance Services Company, has begun to link insurance policies to domestic worker contracts in a non-compulsory experimental manner.
Prudential Cambodia has announced a strategic partnership with Sing-Specialists Medical Centre (SSMC) to provide customers with a variety of value-added services and benefits.
In India, one in five health insurance policyholders is unaware of basic policy terms despite purchasing the policy on their own according to a new insurance literacy survey by ICICI Lombard Insurance.
Finance Minister Nirmala Sitharaman, in her annual Union Budget speech yesterday, proposed to provide that where the aggregate of premiums for life insurance policies (other than unit-linked insurance policies [ULIPs]) issued on or after 1 April 2023 is above INR500,000 ($6,115), income from only those policies with an aggregate premium up to INR500,000 shall be exempt from income tax.