General savings insurance premiums in South Korea are expected to fall by 25% mostly due to the base effect from the surprisingly high growth in 2022, according to a blog posted on the website of Korean Re.
Taiwan's plans to adopt IFRS 17 in 2026 has led to concerns over whether the Ministry of Finance will adjust the business tax rate and tax application methods of the financial industry.
The aspiration for India now "is not universal healthcare but universal health insurance", according to Dr Devi Shetty, founder and chairman of Narayana Health and one of India's leading cardiac surgeons.
The Insurance Federation of Egypt (IFE) has launched two new types of insurance policies -- for irrigated crops and informal workers.
China's insurance industry chalked up premium income of CNY3.87tn in the first eight months of this year, according to statistics released by the National Administration of Financial Regulation (NAFR). The figure represented a growth of 11.9% over the corresponding period in 2022.
The insurance market in Korea is expected to decline by 0.7% in 2023 compared to an increase of 11.6% in 2022, with total premiums projected to reach KRW250.9tn ($186bn), according to a blog on the website of Korean Re.
Muang Thai Life Assurance (MTL) is partnering with Line BK, a provider of social banking services, to introduce an insurance brokerage service that primarily caters to those with lower incomes and freelancers.
Vietnam, Indonesia, Thailand, and the Philippines face unique emerging risks, resulting in distinct nuances within their insurance sectors, says the Singapore-headquartered regional InsurTech company, Igloo.
The Financial Services Council (FSC) has announced that responsibility for the Life Insurance Code of Practice (Life Code) will be transferred to the Council of Australian Life Insurers (CALI) on 29 September 2023.
The insurance industry in the Philippines raked in a net income of PHP22.4bn ($393.5m) in the second quarter of 2023, 4.23% higher than in the corresponding period in 2022, according to data released by the Insurance Commission (IC).