Employers who fail to procure the minimum required life insurance coverage for their workers may soon be sanctioned by the National Pension Commission (PenCom).
The Turkish insurance industry produced TRY69.2bn ($11.7bn) in premiums in 2019, according to data released by the Turkey Insurance Association (TSB).
We spoke to Mr Joseph Janer, President (2017- 2019) of the Professional Insurance & Financial Advisors Association of the Philippines (PIFAAP) in an exclusive interview.
The Indonesia Life Insurance Association (AAJI), the sole association for life insurance companies in Indonesia, has issued a statement urging the government to establish immediatelya Policy Guarantee Institution (LPPP) as mandated in the Insurance Act.
The insurance regulator is permitting non-life and health insurers to sell the standardised health insurance policy, called Arogya Sanjeevani Policy. prior to 1 April 2020. This is earlier than previously decided.
The Turkish insurance market, which saw growth of 24% in terms of premiums in the first 10 months of 2019, is expected to continue to expand this year, according to international professional services firm KPMG Turkey.
Sun Life Hong Kong announced that Steven Fong will rejoin the company as General Manager of Distribution, and Martin Fortier, former Chief Risk Officer of Sun Life Malaysia, has been appointed General Manager of Financial Affairs.
Several members of emergency committee convened by the WHO director-general to deal with the outbreak of novel coronavirus 2019 (called 2019-nCoV) in China have considered that it is still too early to declare a Public Health Emergency of International Concern (PHEIC), given its restrictive and binary nature.
Mr Christian Mumenthalerm, Group CEO of Swiss Re, has said that at present, there is little information about the coronavirus ravaging China, and that more would be known in coming days.
China's economic stabilisation efforts could be at risk if the authorities fail to contain the outbreak of a new coronavirus, economists have warned.