The Financial Regulatory Authority (FRA) has directed life insurance companies operating in the Egyptian market to look into the credit standing of insurance applicants who wish to buy policies with high insured sums.
Zurich Takaful Malaysia Berhad (ZTMB) has introduced MediAfya+, a new takaful medical plan aimed at offering more comprehensive healthcare coverage for Malaysians.
More than 90m of people suffering from diabetes currently live in Southeast Asia where the number of adults with diabetes is projected to soar to 152m by 2045, presenting a serious public health challenge, according to a Sun Life survey.
Less than 1% of insurance claims for damage caused by floods and landslides have been paid out to date, according to data from the Nepal Insurance Authority (NIA).
AIA China has received approval from the National Financial Regulatory Administration (NFRA) Chongqing Bureau to begin preparations to establish a new branch in the Chongqing Municipality, a strategic and major market equivalent to a province, AIA Group says in a statement.
The Federal government has initiated a strategy to ensure that millions of uninsured Nigerians would have financial protection.
The net profits of insurance companies operating in Bahrain fell by 43.5% to BHD15.78m ($41.87m) in the first half of 2024, compared to BHD27.91m in the corresponding period of 2023, according to the "Insurance Market Review June 2024", released by the Central Bank of Bahrain earlier this month.
The Insurance and Social Welfare Supervisory Authority is preparing to launch a strategic study to review the mutual insurance sector in Morocco.
The Protection Gap Study 2022, published by the Life Insurance Association Singapore (LIA) in 2023 enhanced understanding of challenges faced by different segments of society, providing insights on where there are opportunities to support the community in bridging their underinsurance gaps, according to Life Insurance Association, Singapore executive director Chan Wai Kit.
The Financial Services Authority (OJK) has said that there has been a shift in the life insurance portfolio mix, with endowment policies contributing the biggest share to the sector, taking the crown from unit-linked products.