The Tunisian Insurance and Reinsurance Company (STAR), Tunisia's biggest insurer, has announced that its net profit fell by 15.47% to TND26.97m ($8.64m) in 2023 from TND31.90m in 2022, according financial statements lodged with the Tunis bourse.
The life sector in the Middle East and Pakistan is less well-developed than the non-life market, accounting for around a fifth of total premiums in the region, noted Swiss Re Institute (SRI).
FWD Insurance Berhad (FWD Insurance) launched its newest product, FWD Max Wealth, which allows customers to maximise their wealth with increasing guaranteed cash payments as they celebrate special milestones in life.
Insurance industry doyen and a founding editor of Asia Insurance Review Reynaldo de Dios passed away on 5 May 2024. He was 96 and had played an integral role in the insurance sector for 75 years.
The Council of Australian Life Insurers (CALI) has marked a major milestone in its inaugural Partner Programme with global provider of advanced digital solutions to the financial industry, Equisoft, the first to sign up as a corporate partner.
MixCare Health, an emerging Hong Kong digital health and wellness platform company, has partnered with international health insurance broker and employee benefits specialist Pacific Prime to revolutionise the delivery of health and wellness benefits for Hong Kong employers.
The Council of Australian Life Insurers (CALI) has achieved a significant development in its Partner Program by securing Equisoft, a provider of digital solutions for the financial sector, as its inaugural corporate partner.
BMS has appointed Mr Rob Wendin as managing director of its newly created global healthcare liability division. In his new role, he and the division will work with BMS Re's treaty healthcare liability team to ensure cedents, hospitals, integrated systems and captives continue to benefit from the best-in-class service.
Since the reopening of Hong Kong's borders in February 2023, the insurance industry in Hong Kong has experienced a strong revival, with a surge in interest from both local consumers and Mainland Chinese visitors (MCVs), the latter helped by an easing of travel restrictions, notes BMI, a unit of Fitch Solutions.
The insurance sector has urged President Bola Tinubu and state governors to include insurance experts in their economic teams.