The National Insurance Commission (NAICOM) has highlighted microinsurance and digital platforms as ways to increase penetration of retirement products, especially in the informal sector.
As China faces an accelerating ageing population, retirement planning is becoming increasingly urgent-yet household preparedness remains insufficient. This has prompted proposals for micro pension insurance plans to be designed to cover the retirement funding gap.
Hanoi's Social Insurance Region I has announced that under the Social Insurance Law 2024, set to take effect on 1 July 2025, new eligibility conditions will apply for pension benefits for those enrolled in voluntary social insurance.
Athene, a provider of retirement income and savings services products, has appointed Mr Hugo Choi as senior vice president of corporate development.
These are the highlights for all events and updates across the industry this week.
These are the updates on insurance regulation across China this week.
Insurers must be aware of financial market trends, particularly, recently, when the need to understand and act on these trends has grown more urgent and expanded to more facets of the insurance business, said Swiss Re head of life and health reinsurance APAC excluding China, Ms Daisy Ning.
Regional expansion will be a priority for diversified financial services group ZimRe Holdings, according to its chairman, Mr Desmond Matete, who was speaking at the presentation of the group's financial performance for the year ended 31 December 2024. The expansion plan leverages the African Continental Free Trade Area (AfCFTA).
ASIC is suing the trustee of Australia's largest superannuation fund, AustralianSuper, over delayed processing of nearly 7,000 death benefit claims, according to proceedings filed in the Federal Court.
There are rising levels of affluence that continue to be relevant across markets that Singapore-headquartered Great Eastern operates in, according to the company's group CEO Greg Hingston.