Wataniya Insurance Company's profitability is expected to remain strong despite competition, says Fitch Ratings.
Manulife Singapore and Manulife Investments has announced a significant enhancement to Manulife iFUNDS, making it the first integrated digital wealth platform in Singapore to provide Manulife financial consultants with a consolidated view of their customers' Unit Trust (UT) and Investment-Linked Plan (ILP) holdings.
Taiwan's National Health Insurance (NHI) will soon expand its coverage to include three types of cancer immunotherapies for its members.
Mental health screening will henceforth be a part of the routine diagnosis and treatment processes of all clinical departments in medical institutions in the country according to a new circular issued by China's National Health Commission (NHC) in April 2025.
China's National Financial Regulatory Administration (NFRA) has issued a policy directive aimed at transforming the personal sales structure of the life insurance industry. The new framework, detailed in a notice released just recently, seeks to realign commission incentives, raise professional standards, and strengthen long-term service capabilities among life insurance agents. The move also supports the development of industry-wide product classification and agent tiering standards, to be led by the Insurance Association of China.
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.
Transamerica Life Bermuda has appointed Ms Kristine Ung as CEO, effective 1 May 2025 and subject to regulatory approval.
There is a critical need for the Ethiopian government to attach importance to the insurance industry, on a par with the attention given to banks and other financial institutions, senior executives of insurance companies have said. This is because the insurance market plays a vital role in supporting national projects and pushing economic growth.
The Saudi insurance market saw mixed financial results in the motor and medical lines in 2024, according to an analysis by Badri Management Consulting, an international actuarial and risk consultancy firm. These two branches are the main pillars of the Saudi insurance sector, contributing a combined 84% of total insurance revenue in 2024.