China will improve its medical insurance policies to boost the development of primary healthcare services in the country, according to the National Healthcare Security Administration (NHSA).
Health risks are on a rising trajectory in India, however, the financial preparedness for these rising risks is still lagging, according to a new survey conducted by TATA AIG General Insurance to coincide with World Health Day which is celebrated every year on 7 April.
The interim report of the ongoing review of Australia's Independent Life Code of Practice (Life Code) has been released and it has found favour with the country's life insurers.
The Australian Reinsurance Pool Corporation (ARPC) has recorded a major milestone in its cyclone reinsurance pool operations, with total claim payments surpassing A$1bn ($703.4m) since the initiative was launched.
The Australian Prudential Regulation Authority (APRA) has applied an additional A$2m ($1.4m) capital requirement to Sovereign Insurance Australia (SIA), an MGA.
State-owned Iran Insurance Company, Iran's largest insurer, has paid a record IRR150tn ($114m) in compensation to individuals affected by the Iran-Israel-US war since the hostilities broke out on 28 February.
In New Zealand, HDI Global has promoted Mr Richard Upton to the role of Branch Manager and Head of Financial Lines.
Australian life insurers have welcomed the passage of a new law that bans genetic discrimination and gives people confidence on genetic testing.
The Thai insurance regulator, Office of the Insurance Commission (OIC), aims to build a private health insurance system that can perform the role of a health partner, and accelerate the expansion of the insured base and control system costs in the country.
Insurers in South Korea are expanding their range of children's insurance products as they look to rope in customers for the long-term.