AIA has recently launched its latest 'Rethink Healthy' campaign, which aims to change how people view health and make it a bigger part of their daily lives by offering a new definition of health, encouraging more people to live healthier lives through enjoyable and easily integrated daily activities.
Sun Life Canada has appointed Ms Jessica Tan as president, effective 30 September 2024. She succeeds Mr Jacques Goulet, who is assuming the role of Executive Chair.
Value creation in the insurance industry in the Asia Pacific expanded at a slower pace than in the Americas and EMEA in the last five years, according to a report by the Boston Consulting Group (BCG).
The central government has expanded the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PMJAY) to provide health coverage to people aged 70 years and above, regardless of their income level.
Direct insurance companies in Tunisia recorded a solid increase in their turnover at the end of the first half of 2024, according to figures published by the General Insurance Committee (CGA).
The State Council, which is China's cabinet, has issued the notice, "Several Opinions on Strengthening Supervision, Preventing Risks and Promoting High-quality Development of the Insurance Industry". The "Opinions" set out measures to be taken for the reform and development of China's insurance industry in the next five to 10 years.
While the Chinese insurance industry faces significant challenges, Fitch Ratings believes efforts from regulators and insurers will make the industry more resilient over the longer term.
With assumed interest rates on insurance products falling, several listed life insurance companies have announced a shift in their product strategies. They will focus on participating insurance policies to attract customers deterred by lower interest rates.
As many life insurers shift their product structure towards participating insurance products amid the declining interest-rate environment, questions are raised about the sustainability of smaller insurance companies.
The regulatory authorities' moves to reduce the assumed interest rates in insurance products, to curb interest-rate spread risk, have resulted in higher premium rates for long-term insurance plans, including critical illness (CI) products.