Insurance premiums in the Egyptian market increased in nominal terms by 30.4% in 2023 to reach EGP74.1bn ($1.55bn), compared to EGP56.8bn in 2022.
Singaporean millennials have the highest levels of financial resilience, and, while confidence and optimism are high across all generations, many people including wealthy individuals still lack a plan of action. In addition, trust and emotion were important when Singaporeans made financial decisions.
The central government has formed a panel to evaluate the design and implementation of its flagship health insurance scheme, Ayushman Bharat, and to propose improvements.
The future of the insurance industry hinges on its response to several tough questions, according to APRA executive director of insurance Sean Carmody.
Leading homegrown financial services company, Singapore Life Holdings (Singlife) has become a fully owned subsidiary of Sumitomo Life Insurance Company.
As few as 19% of South Africans have an insurance product of any kind. The only insurance category with a relatively high take-up rate is funeral cover, with estimations of around 40% of South Africans having some form of funeral cover in place, says Mr Kobus Botha, executive head of Commercial and Operations of technology solutions provider, Ignition Financial Services.
AIA Australia (AIA) has rolled out a menopause support programme specifically designed for women aged 40 to 55.
The Life Insurance Association, Singapore (LIA Singapore) has launched the "LIA Guide to Medical Underwriting for Life Insurance", a consumer guide on the general underwriting principles and practices for life and health insurance coverage.
There has been a sharp decline in the number of Australians covered by group insurance through superannuation, according to a research report by the Association of Superannuation Funds of Australia (ASFA) which was released last month.
The insurance sector in Bangladesh faces significant challenges in extending coverage to the vast rural population, with only a small fraction currently insured.