The insurance sector in the UAE, both conventional and Islamic, is expected to grow by 15-20% in 2024, according to S&P Global Ratings (S&P).
Called "Jongbo Inheritance Insurance", the product is a life insurance that can manage funds for inheritance and utilise various funds, focusing on the original value of life insurance and providing high death guarantees.
Price Forbes Singapore has appointed Ms Jennifer Gray as director of professional risks and healthcare. In her new role, she will focus on effectively managing and expanding Price Forbes' professional lines and healthcare portfolio, leveraging her experience to drive growth through both domestic and international markets.
Niva Bupa Health Insurance Company has announced the price band for its upcoming IPO at INR70 ($0.83) to INR74 per share. The nominal value of each share is INR10.
FWD Hong Kong has launched the Crisis EasyGo series, a range of critical illness insurance plans aimed at providing coverage for individuals with prior serious health conditions, including cancer, heart disease, and stroke.
Asia Pacific's insurance industry shows robust growth potential, particularly in accident and health, cyber insurance, and electric vehicle (EV) coverage, despite challenges, says global reinsurance broker, Gallagher Re.
Niva Bupa Health Insurance Company is launching an initial public offer comprising a fresh issue of equity shares worth INR8bn ($95m) and an Offer for Sale (OFS) amounting to INR14bn, totaling INR22bn.
The net profit attributable to shareholders of China's five major 'A'-share-listed insurance companies for the first three quarters of 2024 climbed steeply year-on-year.
With the high growth of premiums in August and September, many insurance companies have met their 2024 full-year performance targets ahead of the end of the year, and launched their 2025 "Start of the Year" sales campaign earlier than in previous years.
The mainland Chinese insurance industry's premium income reached CNY4.79tn ($672bn) in the first nine months of this year, jumping by 7.2% year on year, according to the National Financial Regulatory Administration (NFRA).