The insurance market in Tunisia continued to grow in the first quarter of this year with life operations showing stronger performance than the non-life sector, according to the latest figures released by the sector's regulator.
Transamerica Life Bermuda, a global high-net-worth (HNW) life insurer, has been granted a licence by the Dubai Financial Services Authority (DFSA) to establish a presence in Dubai International Financial Centre (DIFC).
Prescribed interest rates for life insurance policies are expected to be lowered in the third quarter of this year, as bank interest rates continued to fall. The prescribed interest rate for standard life insurance plans may be reduced from the current 2.5% to 2.0%, while interest rate adjustments for participating insurance may vary.
Employees covered in a recent poll in mainland China and Hong Kong are worried about their health and security.
Screening can strongly drive cancer CI claims, according to an analysis by Swiss Re that combines consumer survey data with medical evidence to assess screening's impact on cancer trends in China.
As China's population ages and medical costs continue to rise, pressure on social health insurance funds is intensifying. At the same time, demand for high-cost, cutting-edge treatments-such as cell and gene therapies-is growing rapidly.
These are the highlights for events and updates across the insurance industry this week.
Insurance policyholders in Indonesia will be required to cover at least 10% of the total outpatient or inpatient claims incurred at medical facilities, according to new rules set by the Financial Services Authority (OJK) to implement risk-sharing between insurers and policyholders. The new stipulation will come into effect from 1 January 2026.
The Life Insurance Corporation (LIC) of India announced that Mr Ramakrishnan Chander has been appointed CIO, according to the Business Standard.
Tokio Marine Life Insurance Singapore (TMLS) has appointed Ms Joanne Yeo as CFO of TMLS and Mr Koh Wei Lee as CEO of Tokio Marine Financial Advisers Singapore (TMFAS), a wholly owned subsidiary of TMLS.