The Central Commission for Discipline Inspection (CCDI) of the Communist Party of China and the state's National Supervision Commission (NSC) have pointed out problems with agricultural insurance claims, including fraud, discrepancies in funds, and delays in post-disaster claim payments, in many parts of the country.
The key to Taiwan developing itself as an Asian asset management centre is whether the island can lure NT$36tn ($1.13tn) of life insurance funds to stay at home, according to Ms Wang Li-Hui, the director-general of the Insurance Bureau of the Financial Supervisory Commission (FSC).
The General Insurance Association of Japan said yesterday that its member firms should set a clear deadline to cut their strategic holdings of listed client shares to zero, reported Reuters.
New business premiums in the life and general insurance industry recorded double-digit growth in the first half of 2024, exceeding MYR20bn ($4.7bn), said Bank Negara Malaysia (BNM) governor Mr Abdul Rasheed Ghaffour.
The African insurance market is experiencing significant transformation driven by various trends that present both opportunities and challenges.
The new chairman of the Insurance Development and Regulatory Authority (IDRA) has said that changes will be made in the insurance industry as part of the ongoing reform of the state.
The AqabaConf2025, to be held jointly by the Jordan Insurance Federation (JIF) and the General Arab Insurance Federation (GAIF) is scheduled to take place between 11-14 May 2025.
Taiwan's financial regulator yesterday rejected a takeover bid by financial conglomerate CTBC Financial Holding for rival Shin Kong Financial Holdings, saying that the latter's plans on how to implement the merger were incomplete.
Motorcycle liability insurance premiums totalled VND431.8bn ($17.6m) in the first half of 2024, with claims amounting to nearly VND42bn, according to official statistics. This reflects an improved payout rate compared to previous years.
The central government has expanded the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PMJAY) to provide health coverage to people aged 70 years and above, regardless of their income level.