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Life & Health tag returned 10123 results

  • India: Max Life Insurance grows assets under management

    Max Life Insurance Company (Max Life), a joint venture between Max Financial Services Limited and Axis Bank Limited, has announced that it has achieved INR1.5 trillion of assets under management (AUM) by the end of March. The firm has reportedly registered a 20% growth rate year-over-year.

    Agents | 17 Apr 2024
  • Pakistan: Regulator says inclusive insurance is a priority

    The Securities and Exchange Commission of Pakistan (SECP) has issued a report that explores inclusive insurance in Pakistan, highlighting its untapped market potential.

    Asia | 18 Apr 2024
  • Taiwan: 3 April quake results so far in claims totalling at least US$23.5m

    The 3 April magnitude-7.2 Hualien earthquake has led to at least 472 insurance claims and resulted in losses amounting to at least NT$762m ($23.5m) as of 8 April, according to the Taiwan Residential Earthquake Insurance Fund (TREIF).

    Asia | 18 Apr 2024
  • UAE: Insurance market needs to work on growth areas other than health

    The UAE insurance sector posted higher premiums in the medical and property & liability insurance branches in 2023. But the industry needs to work on other areas too, says Mr Avinash Babur, CEO of InsuranceMarket.ae, an insurance brokerage which operates an online insurance platform.

    Middle East | 17 Apr 2024
  • Are foodborne pathogens increasing?

    The Canters for Disease Control and Prevention (CDC) in the US estimates that around 48m Americans fall ill every year from a foodborne illness, with 128,000 hospitalisations and 3,000 deaths. The CDC ranks Norovirus as the main culprit when it comes to illness, closely followed by Salmonella, Clostridium perfringens and Campylobacter according to a new Hiscox global insight blog.

    Asia Risk | 17 Apr 2024
  • Japan: Life insurers expected to buy more domestic government bonds

    Japan's life insurers are likely to buy more domestic sovereign bonds this year after the end of negative interest rates in the country, reported Bloomberg.

    Asia | 17 Apr 2024
  • Indonesia: Cash-strapped mutual insurer continues to settle claims

    Indonesia's only mutual insurer Bumiputera 1912 Joint Life Insurance (AJB) claims that it is still continuing to pay amounts owed to policyholders. The cumulative amount paid under the Reduced Benefit Value (PNM) scheme has reached IDR192bn ($11.9m).

    Asia | 17 Apr 2024
  • Morocco: Societe Generale pulls out of local insurance and banking units

    Paris-headquartered Societe Generale (SG), the French financial services giant, has announced that it had reached an agreement to sell its Moroccan subsidiary to financial group Saham, for EUR745m ($793m).

    Middle East | 16 Apr 2024
  • Egypt: Mid-tier insurer's operating performance seen as adequate despite high expense ratio

    The operating performance of Suez Canal Insurance (SCI) is assessed as adequate, according to AM Best. The insurer has reported a five-year (2019 - 2023) weighted average return-on-equity ratio of 15.8%.

    Middle East | 16 Apr 2024
  • India: 35% of CFP professionals should be women by 2030

    The Financial Planning Standards Board (FPSB) India is planning to increase the representation of women in the financial planning field to achieve a 35:65 ratio of women-to-men certified financial planners (CFPs) by 2030.

    Agents | 16 Apr 2024

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