Bupa Hong Kong has appointed Mr Jim Heng as the director of channel strategy, distribution and sales. He has over 25 years of experience focusing on employee benefits and individual medical insurance. His experience will support Bupa in Hong Kong to deliver an integrated healthcare experience to group and individual customers, encompassing insurance and health services.
The premium income of China's five major 'A'-share listed insurance companies increased by 4.29% in the first seven months of this year, compared with the corresponding period last year, reaching CNY 1,748bn ($257.9bn) in aggregate, according to financial data released by the five groups.
PICC, which continues to lead in the property and casualty insurance business, has made breakthroughs in life insurance. Data show that in the first seven months of this year, PICC Life Insurance's premium growth rate was the fastest among the life insurance subsidiaries of the five large 'A'-share listed insurance groups, exceeding 10% and reaching 11.36%.
Awareness of saving for specific financial goals through insurance products is still in its infancy in China, according to the findings of a three-year trend study released yesterday.
The support of China Life Insurance, the biggest life insurer in mainland China, for Sino-Ocean Group Holding, has helped the China-based homebuilder's Long-Term Foreign-Currency Issuer Default Rating (IDR) to be rated one notch above the company's Standalone Credit Profile (SCP), says Fitch Ratings.
Taikang Insurance Group, a major insurer in China, is committed to building a full life-cycle health system, seizing the opportunities arising from the fast-aging population.
The General Arab Insurance Federation (GAIF) has conducted a study of various scenarios for the development of the Arab insurance sector till the year 2030. The best scenario sees the sector posting the highest gross premium income of $133bn in 2030 whereas the least desirable is where the premium income envisaged is the lowest at $67bn.
Around 9.2m residential properties in Turkiye lack earthquake insurance at present, 23 years after the 17 August 1999 magnitude-7.6 earthquake that hit the Marmara region.
Manulife Hong Kong has signed a memorandum of understanding with the Hong Kong Association of Athletics Affiliates (HKAAA) to establish a half marathon event that will take place on the iconic HK-Zhuhai-Macao Bridge (HZMB).
The top 12 sellers of COVID-19 and vaccine-related insurance policies in Taiwan have paid out NT$57.8bn ($1.9bn) in claims so far in 2022, wiping out more than three years of profits from the non-life insurance industry, according to the Financial Supervisory Commission (FSC).