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China's insurance sector is forecast to record double-digit new business value growth this year, because of demand recovery and moderated asset/liabilities risk.
Great Eastern, a leading insurer, unveiled a S$1m ($752,000) GREAT Vaccine Fund last Friday that is effective until end-December 2021, or when the Fund is fully utilised, whichever is earlier.
The new-sales performance of Nippon Life Insurance Company (Nissay) is likely to be affected negatively over the near term by the COVID-19 pandemic and the low foreign interest rate environment, says AM Best.
QLM Life & Medical Insurance's stock closed at QAR3.90 ($1.07) on its first day of trading on Qatar's stock exchange last Wednesday. This represented a 23.8% increase over the issue price of the stock.
Financial professionals in Malaysia will now have access to resources and guidance to help them in their careers as MDRT - a global, premier association founded in 1927 for financial services professionals - is broadening its support and reach with a new kind of association: the MDRT Academy.
AXA Insurance Singapore has announced the appointment of Li Choo Kwek-Perroy as managing director, life, effective immediately. She will lead the company's life strategic business unit including product, claims and underwriting, as well as the life distribution channels, reporting to CEO Jean Drouffe.
Zurich Malaysia has announced the appointment of Khoo Ai Lin as the CEO of Zurich Life Insurance Malaysia effective 4 January 2021. She succeeds Stephen Clark, who remains as executive director for the company.
The cost of COVID-19 vaccinations in China will be covered by the basic medical insurance fund and government fiscal, measures, rather than by individuals themselves, said Mr Li Tao, deputy director of the National Healthcare Security Administration (NHSA).
The CBIRC has issued its "Notice on Regulating Issues Concerning Short-term Health Insurance Business", covering of product design, policy renewal, sales, claims, and the suspension of sales. The goal is to regulate short-term health insurance operations and management.