The Saudi Central Bank (SAMA) announced yesterday that it has granted a licence to Cigna Worldwide Insurance Company, the first foreign health insurance company branch to operate in the kingdom.
HSBC has announced the completion of the legal integration of AXA Singapore and HSBC Insurance (Singapore) via a scheme of transfer. This also marks the start of insurance operations as a combined business under HSBC Life (Singapore) Pte Ltd.
Bajaj Allianz Life Insurance has launched its Sustainable Equity Fund for investors to promote investments in companies that are socially responsible and have been evaluated on Environment (E), Social (S), and Governance (G) factors. The fund will be made available in relation with the insurer's flagship unit-linked insurance plans.
CNBC Indonesia Research has rated 15 conventional life insurance companies as the best and strongest in 2023 in Indonesia.
South African financial services group Sanlam. which owns the biggest insurance group in Africa, has announced two separate transactions that will significantly strengthen its life insurance operations in South Africa.
The National Insurance Commission (NAICOM) is working towards implementing a risk-based capital regime in 2024.
Digital insurance platform mTek, digital informal retail aggregator Kyosk.app and FinTech platform Fin have formed a partnership to provide insurance to over 100,000 Kenyan dukas (shops).
The Financial Markets Authority (FMA) has released new guidelines for advisers when financial advice is given on financial products purchased for investment purposes.
Finance Minister Nirmala Sitharaman has said that the Budget proposal to remove tax benefits for income from high-value insurance policies will not impact insurance penetration in India.
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.