The Central Bank of the UAE (CBUAE) has revoked the licence of Al Khazna Insurance Company (AKIC).
China has solidified its position as Asia's primary growth engine for insurance, while maintaining its global ranking as the second-largest insurance market, according to the Allianz Global Insurance Report 2025 released by Allianz China Insurance Holding on July 3.
In recent months, insurance subsidiaries of major Chinese banks have stepped up joint initiatives with their parent banks, seeking to capitalise on ecosystem synergies and develop new business models targeting high-net-worth individuals.
China's life insurance sector is approaching a significant inflection point, as product pricing enters the 1.5% guaranteed rate era amid a persistent low interest environment.
As the insurance industry moves beyond a traditional manpower-heavy model, a new wave of transformation is reshaping the competitive landscape. Driven by professionalisation, integration, and digitalisation, insurers are shifting from scale-focused strategies to service-led models.
These are the highlights for events and updates across the insurance industry this week.
China has expanded its occupational injury insurance programme to cover more workers engaged in new forms of employment according to a news report by news agency Xinhua.
A majority (61%) of Indian millennials and GenZ see health insurance as an important part of their financial planning according to a new survey by an Indian general insurer.
Asian Development Bank (ADB) has launched Universal Health Coverage Practitioners and Experts Knowledge Exchange and Resources (UHC PEERS), a regional peer-to-peer learning network to accelerate universal health coverage across Asia and the Pacific.
The longest and rarest heatwaves - which can last for weeks - show the greatest increase in frequency according to a new study by University of California, Los Angeles (UCLA).