The board of directors of China Life Insurance has announced that the company will apply for the voluntary delisting of its American depositary shares (ADSs) from the New York Stock Exchange (NYSE) and the deregistration of such ADSs and underlying overseas listed shares (the H shares).
Dai-ichi Life Holdings has announced its acquisition of 100% of the shares in Partners Group Holdings Limited, the parent company of Partners Life for NZ$980m ($630m). Dai-ichi Life will acquire the company through its wholly owned subsidiary Dai-ichi Life Insurance International Holdings, which controls the group's overseas business.
A wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will invest INR6.55bn ($82.26m) for a 9.99% stake in Aditya Birla Health Insurance (ABHI), a joint venture of Aditya Birla Capital (ABCL) and Momentum Metropolitan Strategic Investments (MMH).
AIA Malaysia has entered into a strategic partnership with Southeast Asian-based digital mental health platform ThoughtFull to provide their corporate customers with end-to-end mental health support as part of the AIA Corporate Solutions portfolio.
Gross Premiums Written (GPW) in the UAE are predicted to grow by approximately 5% in 2022, says S&P Global Ratings.
Total premiums in Turkiye's insurance sector surged by 93% in the first half of this year to TRY90.9bn ($5.1bn) compared to the corresponding period of the previous year, according to statistics from the Insurance Association of Turkiye (TSB).
Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, recorded gross written premiums of AED3.23bn ($1.21bn)in the first half of 2022. This represents an increase of 20.9%, compared to AED2.67bn for the corresponding period in 2021.
Emirates Insurance (EIC) has a track record of strong operating performance, reporting a five-year (2017-2021) weighted average return on equity of 9.5%, says AM Best.
Under pressure to grow their business, top listed life insurers in China are adjusting their product strategies rapidly. Among several new products launched, incremental wholelife insurance plans have become a large source of revenue for insurance companies.
Life insurers posted health insurance premiums of CNY418.4bn in the first half of this year, a year-on-year increase of 1.21%. This marginal growth, or slower pace of increase, is explained by new critical illness (CI) insurance business that plunged by more than 30% in the first six months.