A common insurance market in West Africa will lead to important prospects as well as bring about cost savings, among other benefits to the population, according to Mr Mamadi Dampha, deputy permanent secretary at the Ministry of Finance and Economic Affairs.
Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, has consolidated its position as the principal hub for the (re)insurance industry, with the highest gross written premiums (GWP) recorded in its 20-year history of $2.6bn in 2023, increasing by 23% from $2.1bn in 2022.
Bupa Health Insurance has introduced its latest marketing initiative, "Good health is contagious." The campaign was launched in response to findings from the Bupa Pulse Check survey, which showed a significant trend among Australians towards prioritising health and wellbeing.
The Insurance Regulatory and Development Authority of India (IRDAI) held deliberations with insurance companies on the pricing and other modalities of the all-in-one affordable insurance product, Bima Vistaar.
China's insurance sector is expected to double in size in the coming decade amid robust economic growth, making the country a more significant market for Swiss Re, according to Mr Christian Mumenthaler, CEO of Swiss Re Group.
Ping An Insurance (Group) Company of China (Ping An) has announced that its net profit attributable to shareholders stood at CNY36,709m ($5,071m) in the first quarter of this year, a fall of 4.3% compared to the corresponding quarter of 2023.
Apart from outlining the main goals of green insurance development on both the asset and liability sides, the National Financial Regulatory Administration (NAFR) has spelt out the specific responsibilities of insurers in green insurance development.
Consumers in China rank health risk protection as their first priority in insurance purchases, leading to critical illness (CI) insurance being the product with the highest ownership rate in 2023.
The vast majority (69%) of companies in Hong Kong will look to add or enhance at least some of their insurance benefits for employees in the next two years, according to the results of a survey which are published in a new report titled "Asia Employee Benefits Report".
Manulife Hong Kong has launched Genesis, a new participating life-insurance savings plan designed to help customers accelerate their long-term savings. With Genesis, customers only need to pay premiums for five years to enjoy a total internal rate of return (TIRR) of up to 4.29% at the end of the 10th policy year, and a TIRR of up to 7.19% at the end of the 100th policy year, allowing for potential wealth transfer to the next generation.