Remittances from migrant workers and foreign direct investments (FDI) are transforming the insurance landscape, particularly in emerging economies, says the non-profit, non-governmental organisation African Centre for Economic Monitoring and Intelligence (CAVIE).
Turkiye's need for a pay-as-you-go model elderly care insurance is not just a policy problem but also problem that has a bearing on macroeconomic stability, according to Mr Bunyamin Esen, a Social Security Inspector and former head of Strategic Development at the Social Security Institution.
India's life insurance market posted a 2% increase in total new business premium (NBP) to INR3,780bn ($45.4bn) in the financial year ended 31 March 2024 (FY2024), according to data from the Life Insurance Council.
The rise in uncertainty in the world is putting a strain on the insurance industry, and the industry must modernise to face this mounting uncertainty, according to Mr Mohamed Hassan Bensalah, the chairman of the Moroccan Insurance Federation (FMA).
Singlife has partnered with Doctor Anywhere, a local tech-driven healthcare firm, to launch a new health subscription plan aimed at self-employed individuals, including gig workers.
A high proportion of 85% of companies in Asia currently provides some form of insurance benefit to their employees, according to the results of a survey which are published in a new report titled "Asia Employee Benefits Report".
The Indian government is open to a minority stake sale in General Insurance Corporation of India (GIC Re) and Life Insurance Corporation of India (LIC) in the current financial year which started on 1 April 2024, after assessing investor appetite, reported Reuters.
The Reserve Bank of New Zealand (RBNZ) has approved a proposal to transfer the operations and insurance portfolio of Accuro Health Insurance Society (Accuro) to Union Medical Benefits Society (UniMed), according to a statement posted on the website of UniMed.
Malaysian Re has announced that it had entered a memorandum of understanding (MoU) with China Pacific Property Insurance Company (CPIC) and Kunpeng Insurance Broker Company, aimed at the development of health and medical insurance products in Malaysia, with a particular focus on cancer precision medicine treatment.
GCC insurers' top-line growth is expected to range between 5% and 15% in 2024, with Saudi insurers likely to expand at the fastest pace, says S&P Global Ratings (S&P).