Insurance clinics have been launched for market traders and artisans and other informa-sector workers in the Greater Accra Metropolitan Area (GAMA) to promote insurance inclusion and penetration.
The total profits of the UAE insurance sector amounted to AED2.5bn ($681m) in 2023, compared to AED1.96bn in 2022, according to the Central Bank of the UAE (CBUAE).
Even as South Korea grapples with an ageing population, there has been a significant increase in the number of Koreans suffering from mental health issues. Mental health problems are rapidly growing in the country and according to an estimate one in four people experiences one or another mental health issues.
Nine out of 10 advised clients believe the benefits of financial advice outweigh the costs, the Value of Advice Index has found.
HSBC Life Singapore has appointed Mr Lu Ouling as chief product propositions officer and Mr Michael Wei as chief partnership distribution officer.
Taiwan Life Insurance has become the island's first insurance company to venture into the health-resort and healthcare sector.
The Korea Insurance Research Institute (KIRI) has suggested that the scope of insurance coverage of mental illness be widened as health problems become common in South Korea with 60% of adults in Korea reporting that they have experienced mental health difficulties in the past year.
The National Insurance Commission (NAICOM) has expressed concerns over the impact of inflation on the insurance sector, as rising prices affect both policyholders and insurers.
The Insurance Association of Türkiye (TSB) is coordinating with all stakeholders, including the government, to forge a plan with a new vision and fresh targets for the coming decades with the main goal of raising the penetration rate.
The Reference Checking Scheme for Insurance Intermediaries has entered into effect on 1 September 2024, the Hong Kong Federation of Insurers (HKFI) says.