Called MaxProtect, the latest addition to its range of customer-focused products is tailored to align with the dynamic lifestyles of customers. The product is designed to provide a cost-effective, inflation-adjusted solution to address the healthcare requirements of both individuals and families.
The impact of inflation on ASEAN insurance markets was less than in mature Western markets, as inflation in Southeast Asia was on average lower than in the US or the EU, according to the "ASEAN Insurance Pulse 2023" report.
The Taiwanese regulator's latest adjustments and transitional measures for interest-rate risk will ease the negative spread pressure on life insurers and help them to manage asset-liability duration gaps under the localised Insurance Capital Standards (TW-ICS) and IFRS 17, Fitch Ratings says.
The tax framework in Morocco has undergone significant changes, some of which have had a negative impact on long-term savings, according to Mr Mohamed Hassan Bensalah, the president of the Moroccan Insurance Federation (FMA).
Recent drought related data based on new research in the last few years and compiled by UN Convention to Combat Desertification (UNCCD) points to "an unprecedented emergency on a planetary scale, where the massive impacts of human-induced droughts are only starting to unfold."
One in 12 hospitals around the world could face partial or total shutdown from climate change extreme weather events if countries fail to curb fossil fuel emissions according to a new report.
Japanese life and non-life insurers' underwriting fundamentals are likely to remain healthy overall in 2024, mainly because of waning effects from claims arising from the Covid-19 pandemic, Fitch Ratings says. As a result, Fitch has a neutral sector outlook for Japanese insurers.
Insurers will be able to engage in bancassurance in Bangladesh for all types of life insurance plans. In the non-life market, motor, travel, crop and health insurance policies can be sold through banks.
The shareholders of Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful), one of the five biggest insurers in Saudi Arabia in terms of premiums, have agreed to increase the company's capital by 150% to SAR1bn ($266.6m) from SAR400m.
Latest research from Cigna Healthcare has found that Hong Kong's vitality levels have significantly deteriorated during the first half of 2023, as the city continues to be plagued by high stress and burnout levels.