The Consultative Assembly of Saudi Arabia is requesting the Insurance Authority (IA) to study the possibility of amending the system for filing insurance claims for minor accidents, allowing drivers to submit them directly to insurers.
The number of Singaporeans who indicated that they have of life insurance and investment products has decreased by 19% and 18%, respectively, compared to that a year ago.
Australia's life insurers are warning that the nation's financial safety net is being pushed to its limits, with more Australians leaving work permanently due to mental ill health than ever before.
AXA China Region Insurance Company (Bermuda), together with AXA International Reinsurance (Shanghai) Company, has signed a Memorandum of Understanding (MoU) with China Biotech Services.
Middle East new business sales grow by 16% to GBP2.1bn ($2.8bn) as the region becomes an increasingly attractive destination for wealth and financial services, according to the "2024 Wealth Management Market Study" for Utmost Group.
A new market study by Utmost group has revealed that there was a 6% growth in HNW international life insurance new business sales in 2024 in Asia.
InsurTech Plum, plans to invest INR200cr ($25m) for expansion of its healthcare vertical to deliver accessible, preventive, and personalised healthcare at scale.
Price competition remained intense in the Saudi Arabian medical and motor insurance markets throughout 2024, says Fitch Ratings. However, the global credit rating agency expects The Company for Cooperative Insurance's (Tawuniya) underwriting discipline and scale benefits to help maintain the insurer's very strong financial performance over the medium term.
Prudential Indonesia has launched PRUSmart Plan, its latest protection innovation which provides certainty of benefits with a minimum monthly premium of IDR2 million in the form of annual cash benefits of up to 25% of the annual premium along with its increase, and the end of accountability benefits at the end of accountability date in the 20th policy year to 920% of the annual premium in accordance with the chosen premium payment period.
Prudential Vietnam has appointed Mr Kevin Joong Kwon as CEO, following approval from the nation's Ministry of Finance, according to news platform Vietnam Economic Times.