Insurers are aware that their legacy products are becoming an increasing cost burden relative to the value they provide to the insurance company and the customer as the book shrinks, according to a report released by global professional services firm Deloitte.
Taikang Insurance Group, one of China's biggest unlisted insurance groups, is assessed to have a strong financial performance, according to Fitch Ratings.
AIA Group has announced that AIA China has received approval from the National Financial Regulatory Administration (NFRA) Zhejiang Bureau to begin preparations to establish a new branch in Zhejiang province.
The future looks promising for the life insurance industry in India with several changes that will transform the way the industry conducts its business and engages with customers, says the India Brand Equity Foundation (IBEF).
Gross written premiums generated from bancassurance grew to KES35bn ($270m) in 2023 from KES19.5bn in 2019, climbing by 79.4%, according to the findings of a study released by the Association of Kenya Insurers (AKI).
The 11th Middle East Insurance Industry Awards (MIIA) honoured 19 exceptional winners yesterday in a ceremony at Altantis the Palm, Dubai, United Arab Emirates.
Premiums in the Egyptian insurance market jumped by 25.6% year on year to exceed EGP69bn ($1.4bn) in the first nine months of this year, according to data from the Financial Regulatory Authority (FRA).
AIA Hong Kong & Macau upgraded its "OptimaCEO Medical Plan", which integrates Signature Healthcare Circle, concierge services, and personalised health programmes to support health management and overall well-being.
To counter high medical inflation, the Financial Services Authority (OJK) is planning several initiatives for the health insurance market in Indonesia, the chief executive of the Insurance, Guarantee and Pension Fund Supervisory Division of OJK, Mr Ogi Prastomiyono, has said.
The Indian government plans to amend insurance laws in the ongoing session of Parliament to facilitate a unified licence for insurers and raise the foreign direct investment (FDI) limit to 100% from the current 74%, reported Reuters quoting two government sources.