In Japan, the pandemic has had a negative impact mainly on the new policy sales while in-force business, capital and profitability have largely remained unscathed according to an analysis by Moody's Japan K K.
The global insurance protection gap (IPG) for the total market (life and non-life) has risen to $5.78tn- 70.8% in the life segment and 29.2% for the non-life segment - according to the updated edition of MAPFRE Global Insurance Potential Index (MAPFRE GIP) 2020.
MSIG Insurance has introduced Freelancer CashPlus, an insurance plan that dispenses daily cash benefits to help gig workers safeguard against income loss during a prolonged illness or injury.
Over 80% of corporate India fears that business disruptions and uncertainty brought about by the pandemic will lead to rise in fraud cases in the next two years according to Deloitte Touché Tohmatsu India (DTTI) biennial survey. This is 22 percentage point increase over the previous edition of the survey in 2018.
The majority of Singapore businesses are prepared to facilitate remote-work arrangements, but this has also led 58% to believe they are more susceptible to cyber attacks.
Around the world, 1.2bn people live in areas where agriculture is severely affected by water shortages and scarcity, and nearly half of them live in South Asia, a recent United Nations report said.
Having lost her mum due to cancer at the age of only 10, Yim Wan Ting, a Financial Consultant from Jaden Wang Group in Assets Prestige Alliance ("APA"), is passionate about helping her clients to get protected.
Australia's private health insurers are at risk of declining profitability, especially those who lack scale or access to capital. More importantly, since 2010, the average premium is now over 70% higher, while average wages for an Australian citizen have only gone up 32%.
DocDoc Pte Ltd, a patient intelligence company, has partnered with SpesNet Global Group, a leading healthcare technology provider, to integrate its digital TPA (third party administrator) technology and provide a cashless and integrated claims processing solutions to insurers and brokers across Asia.