After several years of slowing momentum, China's health insurance sector is showing signs of revival. Once considered a growth engine, health insurance saw premium growth dip to single digits, with total premiums reaching CNY977.4bn ($134.8bn) in 2024-still short of the long-anticipated CNY1tn mark.
As of April 2025, cumulative personal pension deposits in Shanghai have exceeded CNY18bn ($2.48bn), with an average per capita contribution of around CNY10,000 - the highest in China, according to the city's Ministry of Human Resources and Social Security.
These are the highlights for all events and updates across the industry this week.
Japan's four major rated life insurers - Meiji Yasuda Life Insurance Company, Sumitomo Life Insurance Company, Dai-ichi Life Insurance Company and Nippon Life Insurance Company - have reported in their results for financial year 2024 ending 31 March 2025 that the unrealised losses on domestic bonds on an aggregated basis were more than four times higher at fiscal 2024 year-end than a year earlier.
In an era defined by economic uncertainty, digital fatigue and growing social isolation, young Filipinos are facing surging mental health problems according to AXA 2025 Mind Health report.
How insurers can grow their health insurance business through virtual health services was one key question discussed at the InsurTech Connect Asia 2025 conference, which opened on 3 June. This is after taking into consideration rejections, exclusions, loadings and deductibles.
The room for improvement in health insurance in the travel space is huge, according to Air Doctor founder and chief revenue officer Efrat Sagi-Ofir.
AXA Hong Kong and Macau (AXA) has launched its new Max Goal II Insurance Plan (Max Goal II), which it says features the shortest guaranteed breakeven timeframe of five years in the market, along with competitive total returns.
The Sri Lankan insurance sector, which has traditionally been a fragmented market, is shifting towards consolidation, Softlogic Life managing director Iftikar Ahamed said. This observation comes with Softlogic Life's pending acquisition of Allianz Life.
Rising healthcare costs and unmet personalisation needs are fuelling demand for more tailored and accessible employee benefits, according to the "2025 Health on Demand" report released by Mercer Marsh Benefits. The findings of the report also highlighted significant differences in expectations based on generation and gender.