The 26 August unprecedented flash flooding that occurred in Nepal has led to damage to roads and bridges alone of about NPR15bn ($157m), according to Aon in its latest Weekly CAT Report that cited initial estimates by local authorities.
China has undergone substantial health financing reforms over the past decades and achieved near-universal social health insurance coverage. Despite substantial increases in public health expenditure and near-universal health insurance coverage, the overall health financing system remained mildly regressive, according to a study by several Chinese academics.
China Life Insurance, the country's biggest life insurer, has reported a 228.6% year-on-year increase in net profit attributable to equity holders of the company In the first half of 2026, net profit attributable to equity holders of the Company was CNY134.50bn ($20bn).
China Pacific Insurance (Group) Co [CPIC Group], one of the country's biggest insurance groups, will pay an interim dividend for the first time, announced Mr Fu Fan, Chairman of the Group in the company's interim financial report.
The National Financial Regulatory Administration (NFRA) has stripped Evergrande Life of its business licence due to illegal and irregular actions.
China Pacific Insurance (Group) Co [CPIC Group] has chalked up a net profit of CNY30.78bn ($4.58bn), up by 10.4% year on year, its Chairman Mr Fu Fan has announced.
Prudential saw its new business profit (NBP) in mainland China fall by 4% year on year in the first half of this year to $159m, reflecting an accelerated shift towards participating products, according to its CEO, Mr Anil Wadhwani.
AIA Life Korea has announced that Mr Nathan Chuang, CEO, has decided to leave the insurer to pursue other opportunities.
Prudential plc announced in a 27 August press release that Prudential Corporation Holdings (PCHL), a subsidiary of Prudential, has successfully executed the sale of a 2% stake in ICICI Prudential Asset Management Company (IPAMC) via an open market sale process.
Over the past few years, regulators have taken action in the life insurance industry-modifying critical illness definitions, adjusting war and pandemic coverage, and occasionally mandating the inclusion of specific benefits in products.