Fidelity Life, New Zealand's largest independent life insurer, has launched a promotional campaign offering three months of free premium coverage to new clients.
Moody's Investors Service says that its outlook for South Korea's (Aa2 stable) life insurance industry is stable, reflecting the global credit agency's expectation that growth in contractual service margins (CSM), driven by a focus on protection products, will support capitalisation and profitability, and prudent investment strategies will underpin stable asset quality at life insurers in the next 12-18 months.
More than half (52%) of the respondents to a survey say that their personal health insurance premiums increased by over 25% in the last 12 months.
The government will not compel insurers to appoint a panel that can override their decisions on providing insurance coverage for disabled and neurodivergent persons, according to Mr Lawrence Wong, deputy Prime Minister and Minister for Finance, and chairman of MAS.
The West African Insurance Companies Association (WAICA) has stressed the need for the harmonisation of insurance regulation and education to strengthen regional cooperation and build a vibrant insurance market in the West African sub-region.
The sales of insurance policies directly by insurance companies still dominate the Saudi insurance market, as the percentage of policies sold through insurers was around 50.3% in 2023, compared to 46.1% through insurance brokers and 3.6% by insurance agencies.
Climate change and land-use change could become the main drivers of biodiversity decline by mid-century according to a new study.
A 'staggering' number of workers, amounting to more than 70% of the global workforce, are likely to be exposed to the climate-change-related health hazards, include cancer, cardiovascular disease, respiratory illnesses, kidney dysfunction and mental health conditions..
The Life Insurance Association, Singapore (LIA Singapore) has announced the launch of its enhanced protection gap calculator.
The World Bank's board of executive directors has approved an $80m development policy credit for Nepal to strengthen the stability of the financial sector, including the insurance industry.