Sidra Medicine, a Qatar Foundation entity, and GlobeMed Qatar, a healthcare benefits management company, have signed an agreement to offer eligible insured members of payers contracted with GlobeMed Qatar access to Sidra Medicine's women's and paediatric medical services.
Solidarity Bahrain is expected to continue to achieve adequate operating results in the medium term as it continues to grow and integrate Al Hilal Life, while focusing on technical discipline, says AM Best.
The 15th China Rendezvous marked its notable return after a three-year hiatus when it was held in Beijing on 1 December. This year's theme, "Embracing the New Era of Excellence - The Future Map for Insurance", highlights the potential of China's insurance industry, the world's second-largest insurance market.
Revamped regulations will support Chinese insurers' quality growth and better underlying credit fundamentals in 2024, leading to a neutral sector outlook for both the life and non-life segments, Fitch Ratings says.
Moody's Investors Service yesterday changed to 'Negative" from 'Stable' the outlooks on nine Chinese insurers and a related overseas subsidiary, following Moody's affirmation of the Government of China's issuer rating at 'A1' and change in the outlook to 'Negative' from 'Stable' on 5 December.
The mainland Chinese insurance industry grew by 10.1% in the first 10 months of this year to a cumulative CNY4.52tn ($638bn), according to data released by the National Administration of Financial Regulation (NAFR).
Taikang Group's financial performance is considered as 'Very Strong' due to its consistently profitable results and rapid year-on-year growth in new business value (NBV) in life insurance operations in 1H2023 after the lifting of COVID-19-containment measures, says Fitch Ratings.
China is expected to be the biggest market for new life insurance savings by 2023, a gain of 2.7ppt over 2022, according to a report by Swiss Re Institute (SRI).
Australian consumers are the big winners in a significant shake-up of financial advice laws that will allow life insurers to provide simple advice directly to their customers, says the Council of Australian Life Insurers (CALI).
Despite potential rate decreases, growth of the insurance industry in Asia is expected to be sustained in 2024, driven by rising demand in underpenetrated insurance markets such as China, Southeast Asia, and India, says CreditSights, a research unit of Fitch Solutions.