Prudential plc yesterday announced that it had received approval from the Macau Special Administrative Region to establish a branch of its Hong Kong business in Macau.
In India, like large corporations and cooperatives, the government too can benefit from the use of insurance captives for public programmes like the Pradhan Mantri Fasal Bima Yojana (PMFBY) and Pradhan Mantri Jan Arogya Yojana (PMJAY), says Mr Ankur Nijhawan, CEO of AXA France Vie India Reinsurance Branch.
The rapid price increases in healthcare services have had a negative impact on both the insurance sector and the insured, according to Mr Atilla Benli, president of the Insurance Association of Turkiye (TSB).
India's retail health insurance segment has the potential to become a $25bn market in the next five years according to a new research study.
Ping An Insurance (Group) Company of China has been ranked the world's most valuable insurance brand for the seventh year in the running by brand valuation consultancy Brand Finance.
Edelweiss Tokio Life Insurance has launched a new income-oriented life insurance product called Premier Guaranteed Star, offering guaranteed regular income till the policy term on payment of all due premiums.
India's retail health insurance sector has the potential to give a 20% yearly return on equity (RoE), according to a report by Mumbai-headquartered financial services firm Avendus Capital.
Starting on 1 March 2023, Taiwan's National Health Insurance (NHI) will cover procedures performed by the robotic surgical system, Da Vinci Surgical Systems.
The Non-Life Insurance Fund received COVID-related claims exceeding THB60bn ($1.83bn) from more than 700,000 people in 2022 as a result of the insolvency of four insurance companies.
The Legislation and Opinion Bureau has issued a fatwa stating that the entity that bears the payment of the monthly premium to the insurance fund that provides coverage againstmedical and health liability errors is the place where the health service is provided and not the employee who works for that entity.