Listed GCC insurers saw overall earnings decline in 1Q2025, with net profits slipping by 1.4% to $628m from $637m in 1Q2024, according to a report by research and consulting firm Insurance Monitor and Lux Actuaries and Consultants.
Dubai Insurance Company (DIN), among the top five insurers in the UAE in terms of insurance revenue and net profit, has a track record of strong operating performance supported by robust underwriting results and steady investment income, says AM Best.
Manulife Insurance Bhd has unveiled Manulife Health Saver Enrich (MHSE), a comprehensive new medical plan tailored to support Malaysians throughout their entire healthcare journey - from prevention and treatment to recovery and beyond.
The Council of Australian Life Insurers (CALI) welcomes the appointment of Dr Daniel Mulino assistant treasurer and minister for financial services.
To address the country's rapidly declining birthrate Japan's health ministry is all set to eliminate out-of-pocket payments associated with child delivery. This measure may come into effect from April 2026.
The Insurance and Social Security Supervisory Authority (ACAPS) has published a directive relating to the processing of death insurance claims, which is to take effect from 1 July 2025.
Fitch Ratings has placed five Taiwanese life insurers under review for potential downgrades, following significant balance sheet pressures caused by a sharp appreciation of the Taiwan dollar in early-May.
According to news platform The Hindu, the Indian government has appointed to Life Insurance Corporation of India (LIC) Mr Dinesh Pant and Mr Ratnakar Patnaik to the posts of managing directors, effective on or after 1 June.
Gulf Insurance Group (GIG) has increased its net insurance result by 39% to KWD8.7m ($28.2m) in the first quarter of 2025, up from KWD6.2m in the corresponding period last year, primarily driven by a significant improvement in the performance of its underlying insurance operations across the majority of its subsidiaries and lines of business.
Prudential Singapore has launched PRUHospital Care360, a hospital income insurance plan designed to provide financial support to individuals for their unexpected hospital stays and the subsequent recovery period. The plan provides a daily income if the life assured is hospitalised due to illness or injury, as well as lump sum benefits for post-hospitalisation recuperation and day surgery.