A new study, HSBC FinFit Index, measures the financial fitness of Singapore residents based on four aspects - financial habits, financial knowledge, financial security & safety, and financial planning.
Insurance companies are now allowed to issue subordinated insurance capital bonds (ICBs), which can be another way of insurers managing their finances. Under a new notification by the Capital Market Supervisory Board (CMSB), the proceeds from ICBs may be counted as part of total capital available (TCA), comments global law firm Baker McKenzie.
Egypt's biggest non-life insurer Misr Insurance Company's financial performance and earnings are deemed as strong, with a five-year average combined ratio of 90%, notes Fitch Ratings in a recent report.
The Chinese authorities have approved a draft of the country's first regulation covering the use of medical insurance funds.
The Capital Market Authority (CMA) has issued a new regulation governing insurance and takaful companies' investments.
State-owned Misr Insurance Company (MIC) relies on investment results as the primary contributor to its earnings, supported by the high interest rate environment in Egypt, notes AM Best. Investment profits accounted for over 90% of the company's pre-tax profits over the past five years.
Korean Reinsurance has shown adequate operating performance that is underpinned by relatively low volatility in its underwriting profit yet with a thin margin over the past five years, thanks to a large proportion of personal line business, notes AM Best.
Life insurers in Taiwan would find it challenging to reduce foreign exchange losses next year because of their huge overseas investment, Taiwan Insurance Institute chairman Kuei Hsien-nung has said.
Jubilee General Insurance has a track record of strong operating performance, with a five-year weighted average return on equity of 16.5% (2015-2019), notes AM Best.
Over 80% of corporate India fears that business disruptions and uncertainty brought about by the pandemic will lead to rise in fraud cases in the next two years according to Deloitte Touché Tohmatsu India (DTTI) biennial survey. This is 22 percentage point increase over the previous edition of the survey in 2018.