Manufacturers have warned that some companies could forego insurance coverage in the face of premium hikes amidst current hard economic times.
The insurance industry in Turkiye posted a 123.2% surge in total premiums to more than TRY235bn ($12.5bn) in 2022 compared to 2021, according to the Insurance Association of Turkiye (TSB).
The Ministry of Public Health (MoPH) has announced that the implementation of the first phase of the mandatory Health Insurance Scheme in Qatar will begin on 1 February 2023, with all visitors to the country required to have a health insurance policy.
Ms Kelly Gwynn, an Associate Advisor at Moss Adams Wealth Advisors, cites the benefits of having a supportive team and the fascination of learning about financial planning's emotional and psychological side as reasons for loving her profession.
With rising healthcare costs, compounded by rising inflation concerns impacting household incomes, an increase in the rebate on health insurance premiums is the next big ask among the respondents (45%) to the second edition of the India Union Budget Survey.
The Office of Insurance Commission (OIC) is seeking to establish a certification system for medical centres so as to drive the insurance market by raising the standards and quality of services of medical facilities.
The Financial Supervisory Commission (FSC) has asked the Taiwan Central Depository and Clearing Corporation to establish an online retirement preparation platform to meet the needs of an ageing society through promoting protection, retirement investment and public welfare.
2023 will be a more positive year for the insurance industry than 2022, predicts Generali Sigorta CEO Mr Sylvain Ducros.
Prudential plc yesterday announced that it had received approval from the Macau Special Administrative Region to establish a branch of its Hong Kong business in Macau.
In India, like large corporations and cooperatives, the government too can benefit from the use of insurance captives for public programmes like the Pradhan Mantri Fasal Bima Yojana (PMFBY) and Pradhan Mantri Jan Arogya Yojana (PMJAY), says Mr Ankur Nijhawan, CEO of AXA France Vie India Reinsurance Branch.