Sukoon Takaful and Ajman Bank have signed a memorandum of understanding (MOU) to establish a strategic partnership aimed at providing the bank's customers with access to Sharia?h-compliant takaful solutions that address their protection and financial-planning needs.
Prudential saw its new business profit (NBP) in mainland China fall by 4% year on year in the first half of this year to $159m, reflecting an accelerated shift towards participating products, according to its CEO, Mr Anil Wadhwani.
Allianz Group (Allianz) and HSBC Holdings (HSBC Group) today announced that Allianz, through its wholly owned subsidiary Allianz Asia Holding, has agreed to acquire HSBC Life Singapore, subject to regulatory approval.
Attijari Assurance, a subsidiary of the Wafa Assurance Group, has announced the appointment of Mr Adil Chbani as General Manager, effective 1 June 2026.
The Insurance Authority (IA) has initiated a number of steps to improve sales practices within the industry.
Regular-premium life insurance business through the bancassurance channel slowed month by month during the first half of this year, but still maintained a double-digit growth rate year on year.
China's insurance industry entered a new regulatory phase on 1 July as three significant policy measures took effect, introducing stricter product suitability rules, greater transparency in bancassurance fees and lower projected returns for participating insurance products.
ITC Asia 2026 opened in Singapore yesterday, 30 June, Tuesday, with a flurry of workshops, that remained true to the themes it would be exploring in this year's edition of the event.
The 1Q2026 solvency reports of 63 life insurance companies show that they raked in premiums of CNY462.35bn ($68.14bn) through the bancassurance channel, accounting for 47.78% of their total premiums of CNY967.79bn.
Vietnamese commercial banks are continuing the trend of shifting to direct ownership of insurance companies, instead of merely distributing insurance products in partnership with insurers.