The value of death claims almost tripled and the number of suicides rose 18% last year as South Africa was battered by coronavirus infections, reported Bloomberg quoting Discovery Life said.
The African Insurance Organisation (AIO) will mark its 50th anniversary today in conjunction with the 48th annual AIO Conference and Annual General Assembly in Nairobi, Kenya.
Jack Sharry, co-chair of MMI's Digital Advice Community, a member of the Next Chapter Executive Leadership Advisory Board, sees five trends in the race to improve financial advice.
Overall business conditions for life insurers In Japan have improved compared to during earlier stages of the COVID-19 pandemic, prompting AM Best to revise its outlook on the life insurance market to 'Stable' from 'Negative'.
More regulatory liberalisation, consolidation of regulations, and formation of a common software platform for health claims are some of the matters that will be discussed by the CEOs of the insurance companies with the sectoral regulator, said industry sources.
A committee for drawing up Egypt's first local life actuarial tables has completed a review of the proposed tables, according to Mr Hesham Ramadan, assistant to the chairman of the Financial Regulatory Authority (FRA). The new tables are expected to enter into use in the Egyptian life insurance market in early 2023.
International professional services firm Deloitte has mapped out four major scenarios for the future of China's health ecosystem, namely, national infrastructure boom, precision healthcare innovation, thriving consumerisation, and smart population health.
The State Administration of Radio and Television and the Ministry of Culture and Tourism have issued jointly the Code of Conduct for live-streamers and online influencers who advocate products and services in professional fields.
P&C insurance companies closed down 489 branches or offices but opened 361 others in the period from 1 January to 21 June this year, according to data from the CBIRC. Thus, in the year to date, the network of non-life insurers has shrunk by 128 outlets.
The insurance industry is urging the Insurance Commission (IC) anew to postpone the mandated increase in their minimum capital set for this yearend, saying many companies are still far from meeting the higher requirement.