South Africans are highly satisfied with their life insurers, according to the 2024/25 Life Insurance Customer Experience (CE) Index report released by the University of Pretoria (UP).
Fitch Ratings has assigned Walaa Cooperative Insurance's an Insurer Financial Strength (IFS) Rating of 'A-' and National IFS Rating of 'AA+(sau)'. The outlooks are 'Stable'.
Transamerica Life Bermuda has launched its Opus One Indexed Universal Life (IUL) policy in Hong Kong, making it available to professional investors.
Transamerica Life Bermuda has appointed Mr Brandon Szeto as CCO.
Taiwan is set to become a super-aged society by the end of 2025. The government plans to strengthen the three major pillars of health in ageing societies (as defined by WHO) in the hope of making the country a global model for ageing nations.
In New Zealand keeping insurance accessible is a key consideration as the government reviews the Natural Hazards Commission (NHC) levy amid ongoing cost-of-living pressures for Kiwis.
In South Korea short-term small coverage insurance, like travel insurance, golf insurance and pet insurance, are becoming more popular, especially in the 20-39-year age group. This popularity is driven by low premiums and simple, mobile-mediated subscription processes.
India's central bank and the banking regulator Reserve Bank of India (RBI) has said that it does not envisage any ban or restrictions on bancassurance. According to a report in the financial daily livemint the RBI governor Mr Sanjay Malhotra has said the regulatory safeguards in this regard should, however, be strengthened.
A new report by the World Meteorological Organization (WMO) has said that according to modelled estimates, between 2000 and 2019, approximately 489,000 heat-related deaths occurred each year, with 45% of these in Asia and 36% in Europe.
As multinational corporations scale their presence across multiple markets on the continent and their operational needs, particularly around risk management and insurance, are becoming more complex and demanding.