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Life & Health tag returned 9436 results

  • PICC Life's new business value surges in 1H following removal of COVID-19 restrictions

    China's removal of COVID-19 pandemic-containment measures has supported new business generation at life insurers in 2023, with PICC Life Insurance Company reporting strong growth in new business value (NBV) in 1H2023. NBV increased by 67% yoy to CNY2.5bn ($342m) in 1H2023, while the value of in-force business after cost of capital rose by about 3.9% to CNY34.8bn.

    China | 22 Sep 2023
  • New insurer takes over business of Evergrande Life

    The National Administration of Financial Regulation (NAFR) has approved the takeover of Evergrande Life Insurance, a unit of debt-ridden real estate giant China Evergrande Group, by a new state-owned insurer specifically set up for the purpose.

    China | 22 Sep 2023
  • Singapore: MAS names four domestic systemically important insurers

    The Monetary Authority of Singapore (MAS), which is Singapore's central bank, has published its framework for designating domestic systemically important insurers (D-SIIs), and the inaugural list of four D-SIIs.

    Asia | 22 Sep 2023
  • Egypt: Regulator says launch of first Egyptian actuarial life tables is imminent

    The implementation of the first Egyptian actuarial tables for life insurance will commence soon, which will contribute to supporting life insurance business and promoting the fair pricing of products, Dr Mohamed Farid, chairman of the Financial Regulatory Authority (FRA) has said.

    Middle East | 21 Sep 2023
  • Turkiye: Government sets out several insurance industry goals in 2024-26 economic plan

    The legislative infrastructure and ecosystem for participation insurance (takaful) will be improved, and regulations will be implemented for the more effective and transparent implementation of insurance techniques compatible with participation finance principles.

    Middle East | 21 Sep 2023
  • India: AI helps government's health insurance scheme tackle fraud

    Based on information of fraud obtained through AI and ML anti-fraud initiative, India's government run health insurance scheme Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) has collected a penalty amount of INR95m ($1.15m) while 0.53m Ayushman cards have been disabled and 210 hospitals de-empanelled.

    AIRPlus | 20 Sep 2023
  • AIA NZ launches partnership for closed unit-linked policies

    AIA NZ has announced a collaboration with Smartshares, an investment funds manager in New Zealand and a subsidiary of NZX, to ensure a seamless and cost-efficient transition of the insurer's $500 million unit-linked policy portfolio into SuperLife funds.

    Agents | 20 Sep 2023
  • Taiwan: Hotai Insurance expected to improve operating profitability over short to medium term

    AM Best expects that the gradual improvement in Hotai Insurance's risk-adjusted capitalisation over the short to intermediate term may support a stronger balance sheet strength assessment, while the company returns and maintains its operating profitability level to a pre-pandemic level.

    Asia | 21 Sep 2023
  • Insurance critical for financial immunity

    A study by private life insurer SBI Life and Deloitte has revealed that 71% of uninsured Indians feel insurance is a critical lever for building financial immunity

    AIRPlus | 20 Sep 2023
  • Millennials and Gen Y are the biggest emergency savers in Asia

    According to a recent survey by Prudential plc, Empowering Aspirations: Financial Preparedness in Asia, more than 60% out of the 5000 respondents surveyed across Hong Kong, Indonesia, Malaysia, Singapore and Thailand stated their commitment to setting aside money specifically for health and income-related emergencies.

    AIRPlus | 20 Sep 2023

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