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Life & Health tag returned 5693 results

  • Mutual health assistance platform exits market

    China's leading on-demand food delivery firm Meituan has announced that it is to shut down its mutual aid platform, which offers financial aid for medical treatment by getting members to club together and share expenses equally, as regulators toughen their stance on the overextension of Internet-based giants into peripheral fields that lack regulation.

    China | 22 Jan 2021
  • 5 major A-share listed insurers' premiums slow in 2020 despite explosive health insurance growth

    The five major A-share listed insurance companies in China have posted an aggregate premium income of CNY2.49tn ($385bn) in 2020, an increase of 3.65% compared to 2019.

    China | 22 Jan 2021
  • Ant Group loses head of insurance department

    The general manager of Ant Group's insurance business department has quit to work for traditional insurer Sunshine Property and Casualty Insurance amid growing uncertainty over the future of the firm's online insurance operations, Shanghai Securities News has reported.

    China | 22 Jan 2021
  • Couples deterred from having second child by high cost of raising kids

    Several polls have shown one main reason that couples in China are reluctant to have more than one child is the high cost of raising children, says Yuan Xin, a professor at the Institute of Population and Development of Nankai University.

    China | 22 Jan 2021
  • Regulator to update and publish regularly "negative list" for life insurance products

    The life insurance supervision department of the CBIRC has established a new "negative list" for life insurance products in order to further regulate the product development and management at life insurance companies, curb life insurance product risks, and protect the interests of consumers.

    China | 22 Jan 2021
  • India: Insurers set to withstand economic downturn -- Moody's

    Indian insurers look set to withstand the economic downturn, as general insurance premium growth will remain in positive territory and life premiums will remain broadly flat despite the weakening economy, says Moody's Investors Service says in a new report.

    Asia | 22 Jan 2021
  • China: Central bank's poll shows more wish to increase savings

    China's urban residents showed a strong willingness to save more in the coming months and a declining appetite for consumption and investment, according to the latest survey from the country's central bank, the People's Bank of China (PBOC).

    Asia | 22 Jan 2021
  • Singapore: Great Eastern extends protection of GREAT Vaccine Fund

    Leading insurer Great Eastern yesterday announced that its S$1m ($756,000) GREAT Vaccine Fund launched on 15 January for its customers is now expanded to cover the customers' immediate family members, employees and financial representatives and their respective immediate family members.

    Asia | 22 Jan 2021
  • Digitalisation is critical for life and health insurers

    Despite all its hiccoughs, 2020 had some silver linings too. The pandemic year saw an investment of around $26bn in digital health by venture capitalists and this is likely to increase nine-fold in the next five years and likely to touch $238bn by 2026.

    Asia | 21 Jan 2021
  • Growing acceptance of digital health tech in Asia

    More than 81% of respondents surveyed say that technology has improved their access to health services, while 60% believe that it has led to better affordability. These were some of the findings from Prudential Corporation Asia's 'The Health of Asia Barometer' report written by the Economist Intelligence Unit (EIU), which polled 5,000 adults across 13 markets in Asia.

    AIRPlus | 21 Jan 2021