Labor says Australians could save thousands of dollars when seeking guidance on their retirement, life insurance and superannuation as it promises to slash red tape and bring in a new class of financial advisers who will provide simpler advice.
The outlook for the APAC insurance sector in 2025 is maintained as "Neutral', supported by stable operating margins and strong solvency buffers, says Fitch Ratings.
The outlook for the insurance sector in 2025 remains stable, albeit amid an uncertain macroeconomic and geopolitical landscape, says the International Association of Insurance Supervisors (IAIS).
The Australian government yesterday announced the second tranche of its "Delivering Better Financial Outcomes" reforms to ensure Australians have access to quality and affordable financial advice.
More than three-quarters (76%) of insurers in Asia Pacific (APAC) anticipate higher or significantly higher medical trends over the next three years, according to a survey of health insurers conducted by WTW, a leading global advisory, broking and solutions company.
The Life Insurance Association of Malaysia (LIAM) says it will start publishing data on medical procedure costs in private hospitals from mid-2025 in line with a directive by Bank Negara Malaysia (BNM). The public will then be able to compare medical costs between private hospitals.
Cathay Life Insurance, the largest insurer in Taiwan, is preparing for IFRS 17 and TW ICS implementation in 2026, says CreditSights, a credit research unit of the Fitch Group.
The Capital Market Authority (CMA) has approved a plan by Saudi Reinsurance Company (Saudi Re) to increase its capital through a new share issuance. The approval was granted on 25 November 2024, according to a stock exchange statement issued by Saudi Re.
The central bank, Bank Negara Malaysia, yesterday released a policy document specifying the minimum requirements for enhanced consistency and comprehensive transparency aimed at improving information disclosure of financial products offered by financial service providers (FSPs), including insurance companies and takaful operators.
Al Rajhi Cooperative Insurance Company has announced that it maintains its Insurance Financial Strength Rating (IFSR) of 'A3' with a 'Stable' outlook from Moody's Ratings (Moody's).