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Life & Health tag returned 10119 results

  • 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 insures 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
  • India: Regulator slashes pre-existing disease waiting period from 4 to 3 years

    The IRDAI has amended the terms of coverage for people with pre-existing health conditions by reducing the maximum waiting period set out in health insurance policies to 36 months from 48 months previously. The change took effect from 1 April 2024 for new and renewed health insurance policies.

    Asia | 16 Apr 2024
  • China: Fosun to sell shares in Belgium's biggest insurer in $778m deal

    Shanghai-headquartered multinational conglomerate Fosun International has reached an agreement with BNP Paribas Group to sell a stake in leading Belgian insurer Ageas to the latter's insurance subsidiary BNP Paribas Cardif.

    Asia | 16 Apr 2024
  • Australia: Life insurers struggle to meet claims handling obligations

    Total breaches of Code obligations have increased for a third consecutive year according to the latest report released by the Life Insurance Code Compliance Committee (Life CCC).

    Asia | 16 Apr 2024
  • Japan's Nippon Life Insurance launches India subsidiary

    Japan's Nippon Life Insurance has established a new subsidiary in India to bolster its operations in the market, the company said recently. Nippon Life Asia Pacific, a unit based in Singapore, formed Nippon Life India as its direct subsidiary. The new unit will provide management support and market research for Nippon Life's affiliates in India. Until now, Nippon Life has done business in India through partially owned local entities. The life insurance division offers products to individuals and organizations while the asset management division deals in stocks, bonds and exchange-traded funds. The Indian operations had been overseen by Nippon Life's headquarters in Tokyo, but those functions are being transferred to the Singapore subsidiary starting this fiscal year. The new Indian subsidiary is intended to enhance collaboration with the group's local affiliates there and boost research capabilities, reported Nikkei Asia.

    Agents | 14 Apr 2024


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