Dubai National Insurance & Reinsurance (DNI) has a track record of strong operating performance, as demonstrated by a five-year (2018-2022) weighted average return-on-equity ratio of 8.2%, says AM Best.
New business premiums derived in Hong Kong from mainland Chinese visitors fell by 32.9% to HK$15bn ($1.92bn) on a quarterly basis in the third quarter of this year, according to data released by the Hong Kong Insurance Authority.
Sentiment in the insurance market in China is upbeat about the prospects for the sector in 2024, say several analysts.
Leading Chinese life insurers China Life and New China Insurance (NCI) have announced a joint plan to invest CNY25bn ($3.5bn) each to launch a private equity company.
The mainland Chinese insurance industry grew by 11% in the first three quarters of this year to CNY4.25tn ($601bn), according to data released by the National Administration of Financial Regulation (NAFR).
ABC Life Insurance has followed on the heels of Taikang Life Insurance and China Pacific Life to issue perpetual bonds to strengthen its capital position.
More than 130m people in China have registered to use a digital code for the country's basic medical insurance plan, the National Healthcare Security Administration (NHSA) has announced.
Two-thirds (68%) of the top executives polled in the P&C insurance sector expect that the premium income of the non-life market will grow by 5% to 10% next year, according to the Taiwan Insurance Institute (TII).
The Insurance Development and Regulatory Authority (IDRA) has yet to set up the Life Policyholders Protection Fund although more than a decade has passed since the government initiated the proposal.
New research shows that among non-retirees, features deemed very important when selecting a retirement income product include having an income that will last for life (52%), receiving guaranteed minimum payments (47%), and having flexible access to capital (43%).