S&P Global Ratings (S&P) says that it's too early to assess the full financial and ratings impact on South Africa's insurance sector of last week's extreme weather events in the South and East regions.
The Jordan Insurance Federation (JIF) held its annual meeting last week to discuss the Federation's annual administrative report for 2023 and review vital issues affecting the future of the insurance industry in Jordan as well as to elect a new board of directors for the coming term.
Bajaj Allianz Life has unveiled a compelling campaign aimed at addressing the fundamental issue of underinsurance.
The first phase of Bima Sugam, a proposed ground-breaking one-stop online platform for insurance services, is expected to be launched around April next year, IRDAI chairman Debasish Panda said at a 7 June meeting with the CEOs of life, general and health insurers.
New business premiums derived from mainland Chinese visitors (MCVs) was HK$15.6bn ($2bn) in 1Q2024, more than 60% higher than in the corresponding quarter of 2023, according to data from the Hong Kong Insurance Authority.
The National Financial Regulatory Administration (NFRA) has released guidelines for promoting the development of inclusive insurance to better meet the needs of the people and the real economy.
Life insurers in China are expected to maintain healthy premium growth and have better new business value growth and margins in 2024, after reporting a year-on-year premium growth of 12% in 4M2024 (2023: 10%), says Fitch Ratings.
Japan's life insurers' capital adequacy will remain appropriate for their ratings for the foreseeable future, thanks largely to consistent accumulation of core capital, forecasts Fitch Ratings.
Billionaire Richard Li has revived plans to list pan-Asian insurer FWD Group in Hong Kong, reported Reuters quoting three people with direct knowledge of the matter, after regulatory delay and market volatility scuppered previous attempts to take it public.
Punjab National Bank (PNB) has announced that it will sell a 10% stake in Canara HSBC Life Insurance Company in an initial public offer of shares in the insurer.