Almost four-fifths of Chinese personal pension funds are unprofitable after the first group of private pension plans was established nearly a year ago.
The legislative infrastructure and ecosystem for participation insurance (takaful) will be improved, and regulations will be implemented for the more effective and transparent implementation of insurance techniques compatible with participation finance principles.
Iowa-headquartered American Equity Investment Life Holding has formed a strategic partnership with Fintech Blue Solutions, a technology company that enables insurance distribution, and Agam Capital, a company that offers a global platform for insurance analytics, to launch a next-generation life insurance company in India.
China's five major listed insurance groups have reported their premium income for the first eight months of the year, mustering a total of CNY2.05tn ($281.7bn).
80% of elderly respondents to a survey feel that the increasing cost of living has impacted their lifestyle. 83% believe that lifestyle impacts would continue over the next 12 months.
The Australian Securities and Investments Commission (ASIC) has commenced civil penalty proceedings against the trustee of Australia's largest superannuation fund, AustralianSuper, alleging failures to address multiple member accounts and continuing to charge multiple sets of fees and insurance premiums to these members.
China's "pioneering" commercial tax-deferred pension insurance pilot programme is being merged into the new individual pension system in a move launched by the National Administration of Financial Regulation (NAFR).
Around 98% of India's senior citizen population remains without health insurance according to a new survey by Indian InsurTech Plum.
Manulife-Sinochem Life Insurance, China's first foreign joint venture life insurer, has introduced its No. 1 private pension insurance product to cater to the aging population.
Concentration, complexity, lack of innovation and limited supply are issues that taint the insurance market in Morocco, according to the Competition Council in a detailed report on the state of competition in the industry.