Prescribed interest rates for life insurance policies are expected to be lowered in the third quarter of this year, as bank interest rates continued to fall. The prescribed interest rate for standard life insurance plans may be reduced from the current 2.5% to 2.0%, while interest rate adjustments for participating insurance may vary.
Employees covered in a recent poll in mainland China and Hong Kong are worried about their health and security.
Screening can strongly drive cancer CI claims, according to an analysis by Swiss Re that combines consumer survey data with medical evidence to assess screening's impact on cancer trends in China.
As China's population ages and medical costs continue to rise, pressure on social health insurance funds is intensifying. At the same time, demand for high-cost, cutting-edge treatments-such as cell and gene therapies-is growing rapidly.
These are the highlights for events and updates across the insurance industry this week.
Insurance policyholders in Indonesia will be required to cover at least 10% of the total outpatient or inpatient claims incurred at medical facilities, according to new rules set by the Financial Services Authority (OJK) to implement risk-sharing between insurers and policyholders. The new stipulation will come into effect from 1 January 2026.
The Life Insurance Corporation (LIC) of India announced that Mr Ramakrishnan Chander has been appointed CIO, according to the Business Standard.
Tokio Marine Life Insurance Singapore (TMLS) has appointed Ms Joanne Yeo as CFO of TMLS, and Mr Koh Wei Lee as CEO of Tokio Marine Financial Advisers Singapore (TMFAS), a wholly owned subsidiary of TMLS.
Generali Hong Kong has launched LionAchiever Elite (the Plan), a new whole life savings and life insurance plan that offers customers high potential returns with a short two-year premium payment term, while also providing all-in-one legacy planning.
Japanese life insurers' credit fundamentals are expected to remain robust in the financial year ending March 2026 (FYE2026), says Fitch Ratings.