State-Owned Enterprises Management Agency (BP BUMN) and sovereign wealth fund Danantara Indonesia are targeting completion of the consolidation of state-owned insurers under the auspices of the Indonesia Financial Group (IFG) by the end of this year.
The financial behaviour of Vietnamese people remains heavily focused on "defence", with the majority viewing insurance as an additional layer of protection, instead of a proactive tool to manage risk from the outset.
ICICI Prudential Life Insurance has launched ICICI Pru Signature Secure, the Indian life insurance industry's first Unit Linked Insurance Plan (ULIP) to include a built-in guaranteed maturity benefit.
Insurers should prioritise ensuring customer peace of mind by maintaining confidentiality and strictly protecting customer privacy, as part of their governance, according to Thai Life Insurance Association President Nusra Banyatpiyapoj.
As longevity continues to rise across Asia, people are rethinking what it truly means to leave a legacy, as living longer no longer means simply adding years to life.
Life insurance members of the Association for Savings and Investment South Africa (ASISA) settled 94.1% of death claims under individual life, credit life, funeral, and universal life policies in 2025, paying beneficiaries ZAR44.2bn ($2.7bn) in benefits. In 2024, 95.6% of death claims were paid to a value of ZAR39.5bn.
Manulife Hong Kong has been named a Core Participating Insurer in the latest batch of the Insurance Authority's AI Cohort Programme, underscoring its commitment to advancing the responsible adoption of AI and supporting Hong Kong's development as a regional hub for AI innovation.
Kyobo Life Insurance has introduced a health insurance product for people with pre-existing conditions that allows premiums to be designed reasonably according to a customer's health status. The product is notable for lowering the customer's burden by improving the uniform premium surcharge structure of existing insurance for people with pre-existing conditions.
Japan recorded a sharp rise in multiple pregnancies linked to assisted reproductive technology (ART) in 2023, reaching a record 4,354 cases, according to a recent study.
Companies in China are ramping up investment in AI but are simultaneously grappling with increasing risks around vendor dependence, intellectual property exposure and cybersecurity, according to a new survey by global law firm DLA Piper.