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...The Indian government's plan to merge three of the four public sector undertakings (PSU) non-life insurers into one behemoth has been put off, as it now prioritises other areas of national importance....
...Asia can expect to see a 40% increase in cancer mortality by 2030, with the region registering a high mortality rate compared to North America, Europe and Oceania. This was cited in a new report by the Economist Intelligence Unit (EIU), whose research found a strong association between income level and overall cancer preparedness as measured by the Index of Cancer Preparedness: that is high-income countries outperform upper- and lower-middle income countries....
...Over the past decade, foreign companies have withdrawn from Taiwan's insurance market one by one....
...Most global insurance markets will recover in 2021 and global growth over the next decade should settle down at 4.4%, against 8.1% in Asia (ex-Japan). The region will contribute more than 50% or EUR1.28tn to global premium growth until 2030, according to the latest Allianz Global Insurance Report 2020....
...AIA Insurance Sri Lanka organised a 'healthy cook-off' competition for its employees to remind them on the importance of nutritious food....
...Last week, AXA XL announced its switch to becoming China's first foreign-owned reinsurance subsidiary. The subsidiary, XL Insurance China, is to be named AXA XL Re China. According to a statement from AXA, this re-focus of the license was unprecedented for both AXA and for the China Banking and Insurance Regulatory Commission (CBIRC)....
...A survey conducted by the Insurance Institute of India (III) has revealed that COVID-19 will have a long-lasting impact on the insurance sector, which will have to accelerate digital transformation and reskill the workforce to stay relevant and competitive in the future....
...HDI Global Singapore managing director Graham Silton talks about the Asian insurance markets and the impact of COVID-19....
...In the first five months of 2020, the number of Export-Import Bank of Thailand's (EXIM Thailand) export insurance clients that have filed documents on foreign buyers' delayed payment has surged by 195%, bringing the total outstanding overdue amount to more than THB617.33m ($20m)....
...As it celebrates its 65th foundation day, the Insurance Institute of India (III), a pioneer insurance training centre in Asia, is taking a number of initiatives to spread insurance awareness and bringing insurance education to the masses....