Bank Negara Malaysia (BNM) requires insurers and takaful operators (ITOs) to review their current repricing strategies following concerns raised by policyholders regarding recent increases in the premiums of medical and health insurance and takaful...
The first half of 2024 saw a significant improvement in market competition and the return of insurer choice for buyers, from both existing insurers and new entrants, says Mr Scott Eccleston, head of global placement, Pacific, at global insurance broking giant March.
India's biggest general insurer, the state-controlled New India Assurance, with a claims settlement ratio of 98.74% of the total amount claimed in 2023, led the health insurance sector, according to data released by the Insurance Brokers Association of India (IBAI).
The growth in value of new business (VNB) at Chow Tai Fook Life Insurance Company (CTF Life) was strong in...
Nippon Life, one of Japan's biggest life insurers, anticipates a decrease in insurance and service revenue...