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.
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.
Doha Insurance Group has seen its gross written premium (GWP) climbing by 49% to QAR859m ($236m) and net profit jumping 48% to QAR60mn in the first half of the year, driven mainly by growth in sales, claims control and diversification in underwriting.
The Financial Regulatory Authority (FRA) and insurance companies are carrying out joint studies on the feasibility of setting a floor for investments in listed stocks by insurers.
A new regulation covering insurance asset management firms, when it takes effect on 1 September, will remove a cap on foreign insurers' ownership of such companies. It opens the door to foreign insurers to set up wholly-owned insurance asset management entities.
Unionlife is exploring ways to resolve the risk it is exposed to in its investments in the financially-stricken property development group Evergrande.
The Securities & Exchange Commission of Pakistan (SECP) has issued guidelines for investors dealing in Shariah-compliant investments through the Pakistan Stock Exchange (PSX).
The Securities and Exchange Commission of Pakistan (SECP) has stipulated types of investments for unit-linked funds of the insurance sector, including government securities and sukuk.
Insurance companies are assessed by Fitch Ratings as being in the low-risk category if distress in the Chinese property market persists beyond the global credit rating agency's base-case assumptions.
Most New Zealanders are confident in their ability to make financial decisions, but only one-fifth say they are in a secure financial position, according to research findings released by the Financial Markets Authority (FMA).