Recently, to enforce stricter supervision of universal life insurance and ensure it returns to its core role of providing protection, the National Financial Regulatory Administration (NFRA) issued a notice titled 'Notice on Strengthening the Supervision of Universal Life Insurance'.
Mainland China visitors (MCVs) to Hong Kong contributed new business premiums to the territory's insurance market, totalling HK$62.8bn ($8.1bn), an increase of 6.5% over 2023. The figure made up 28.6% of total new office premiums for individual business, according to data released by the Hong Kong Insurance Authority.
These are the highlights for all events and updates across the industry this week.
Great Eastern yesterday reported its financial results for first quarter ended 31 March 2025.
Manulife reported its first quarter results for the period ended March 31, 2025, delivering record insurance new business results and steady growth in book value per common share.
Manulife Singapore has launched Signature Indexed Universal Life Select (III), "SIULS (III)", a first-in-market Indexed Universal Life (IUL) solution that offers access to expanded growth potential, extensive global diversification and robust protection.
Malaysian member of parliament Sim Tze Tzin has asked Bank Negara to reform the country's medical insurance premium pricing system. He said the regulator should specially look at why a policyholder's health insurance premium rises sharply when the person moves from one age-bracket to another, even though the person becomes just a day older.
Indians in the age group 25-35 are most likely to opt for and use mental health insurance benefits according to a recent analysis by Indian insurance online platform PolicyBazaar.com.
Global financial services group Manulife has opened its office in the Dubai International Financial Centre (DIFC), marking a significant expansion of its global high-net-worth (HNW) business.
A law regulating medical liability and patient safety has been published in the Official Gazette that, among other provisions, establishes a government insurance fund.