Singapore's life insurance industry recorded a total of S$1.37bn ($1.01bn) in weighted new business premiums for 1Q2024, an increase of 32.2% compared to 1Q2023, according to the Life Insurance Association, Singapore (LIA Singapore) in a statement released yesterday.
The IRDAI has approved the acquisition of bankrupt Reliance Capital's life, general, and health insurance units by the conglomerate, the Hinduja Group, moving the group closer to finalising its deal for the insurers.
Qatar's listed insurance companies posted a combined net profit of QAR387.57m ($106.5m) for the first quarter of this year, according to quarterly financial statements published by the companies.
Financial advisers should leverage social media to connect with millennials and Gen Z, as new research indicates they are twice as likely to get financial advice online than from a professional, says financial counselor Myles Ma.
The Insurance Regulatory and Development Authority of India (IRDAI) has issued a directive making it mandatory for all life, general and stand-alone health insurers to provide a minimum level of coverage in villages or gram panchayat. The objective is to realise the vision of "Insurance for All" by 2047.
Taiwan Life Insurance's underwriting profitability is expected to remain stable, said Fitch Ratings.
Total premium production of insurance companies in the January-March period of 2024 increased by 91.8%to TRY199.3bn ($6.15bn) in nominal terms compared to the corresponding quarter of last year, according to data compiled by the Insurance Association of Turkiye (TSB) from member companies.
Sun Life has introduced the SunWell Series, a new suite of critical illness protection plans, across Asia.
Asahi Mutual Life Insurance Company is expected to see a fall in hospitalisation claims, a development which should help restore its profitability from the financial year ended 31 March 2024 ( FYE24), says Fitch Ratings.
Ping An Insurance Group Co, China's biggest insurer by capitalisation, sold 5.65m shares in HSBC Holdings on 7 May at an average price of HK$69.3074 ($8.87) per share.