Sukoon Insurance, among the biggest insurers in the UAE, and its subsidiary Sukoon Takaful, have formed a strategic partnership with Arab Bank for Investment & Foreign Trade (also known as Al Masraf) to make protection solutions more accessible across the UAE.
Manulife Cambodia and the Foreign Trade Bank of Cambodia (FTB) have expanded their long-standing relationship through an exclusive bancassurance partnership.
Ten bank-affiliated insurance companies have posted a combined net profit of CNY25.26bn ($3.76bn) for the first half of this year, representing a dramatic year-on-year increase of 162.58%, with every one of them reporting profits.
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.