Japanese insurer Tokio Marine Holdings has picked investment banks Goldman Sachs and Jefferies to work on the sale of its Southeast Asia life insurance business worth $1bn, two sources with knowledge of the transaction told Reuters.
Weak operating conditions for Sri Lankan insurers raise near-term downside risks to their credit profiles, says Fitch Ratings.
Listed insurers in Qatar posted a 56% jump in combined profits to QAR385m ($106m) for the first quarter of the year from QAR247m for the corresponding quarter in 2022, according to an analysis by Badri Management Consulting, an international company offering actuarial, strategic and technology consulting services.
Premiums for private health insurance policies have soared by 3-4 times in Turkiye.
HCF has launched what it claims is a health insurance industry-first QR code claiming solution for extras services to make the claims process more efficient.
The Korean insurance market performed more strongly than expected in 2022 thanks to a surge in retirement annuity premiums, says Korean Re in a blog about the financial performance of insurers.
The Insurance Development and Regulatory Authority (IDRA) has appointed four of its officials as observers at four life insurance companies for their failure to protect the interests of policyholders.
The Financial Services Council (FSC) says that the implementation of the new Life Code of Practice with effect from 1 July 2023 will introduce over 50 comprehensive consumer protections that will change the way customers interact with their life insurers.
Bahrain National Holding Company (BNH), the parent company of Bahrain National Insurance Company and Bahrain National Life Insurance Company, reported a net profit attributable to shareholders of BHD1.74m ($4.62m) for the first quarter of this year.
Investors have developed strategies around climate-related risks, policies and disclosures, but haven't put the same level of focus on biodiversity and nature-related risks according to Aon's The One Brief weblog.