There is a need for the financial sector, including insurers, to redouble efforts to stimulate savings as inflation continues to eat away at purchasing power, Mr Mohamed Hassan Bensalah, president of the Moroccan Insurance Federation (FMA), has said.
Nearly half of 400 insurance executives participating in a new survey have said their current priorities center on improving profitability rather than growing their businesses.
Enthusiasm among Taiwanese consumers for buying foreign-currency-denominated insurance products has cooled, according to the latest data released by the Financial Supervisory Commission (FSC).
China's gross financial assets grew robustly in 2022, clocking growth of +6.9%, says Allianz Research in its "Allianz Global Wealth Report 2023: The next chapter", released earlier this week.
HSBC's mainland China insurance brokerage has become the first foreign player to obtain licences for both insurance and fund sales, according to the banking group.
Two of the HDFC Bank group companies are set to commence operations from GIFT City -International Financial ServicesCentre (IFSC). They are HDFC International Life and Re, IFSC Branch and HDFC AMC International (IFSC).
The DIFC Insurance Association (DIFCIA) has recently become an affiliate member of the Association of International Life Offices (AILO), a trade organisation representing and promoting the cross-border life insurance and wealth management industry.
Assistant Treasurer Stephen Jones has explained the government's focus on expanding the financial advisory role of superannuation funds in its proposed financial advice reforms, but he also leaves the door open to other financial providers to offer advice.
Younger generations in the US tend to show a high level of tolerance to insurance fraud according to a new survey of insurance consumers.
Two-thirds (67%) of China's 1.4bn people believe they will be healthy enough to live to at least 80 years old, according to a survey commissioned by Prudential plc.