The life and general insurance units of the Nigerian insurance group, Heirs Insurance Group, have received strong ratings from Agusto & Co, a Lagos-headquartered pan-African credit rating agency.
Saudi Arabia's motor insurance sector is facing potential losses of up to SAR1bn ($266.5m) this year, according to a new report by Badri Management Consultancy, an international actuarial and risk advisory firm.
Sun Life has unveiled its newly transformed client service centers and new business offices, marking a bold step forward in delivering exceptional client experiences.
Analysis of data from National Health Insurance Service (NHIS) of South Korea reveals that in 2024 the number of people diagnosed with depression surged to a record high of over 1.1m.
The Nepalese insurance regulator Nepal Insurance Authority has directed all life insurers in the country to organise insurance promotion programmes with practical knowledge at school level.
In 2000, just 6% of the Asian population was aged 65 and above and this is estimated to reach around 10% in 2025 and is projected to further climb to nearly 20% by 2050 according to Swiss Re.
With the release of second-quarter solvency reports by listed insurers and their subsidiaries, the half-year results of life insurers have come to light.
The mainland Chinese health insurance market is projected to exhibit a compound annual growth rate of 7.4% from 2024 to 2032, according to Aon, a leading global professional services firm.
Ping An Health Insurance Company of China has maintained higher-than-industry top-line growth since its business transformation in 2016-2017, AM Best notes, as it upgrades the insurer's ratings.
These are the updates on insurance regulatory developments in China.