Saudi Arabia is expected to see an increase in mergers and acquisitions (M&A) in its insurance sector as the GCC region enters a significant consolidation phase.
Bank Negara Malaysia (BNM) requires insurers and takaful operators (ITOs) to review their current repricing strategies following concerns raised by policyholders regarding recent increases in the premiums of medical and health insurance and takaful (MHIT) products.
India's biggest general insurer, the state-controlled New India Assurance, with a claims settlement ratio of 98.74% of the total amount claimed in 2023, led the health insurance sector, according to data released by the Insurance Brokers Association of India (IBAI).
The growth in value of new business (VNB) at Chow Tai Fook Life Insurance Company (CTF Life) was strong in FY2024, notes Fitch Ratings.
Nippon Life, one of Japan's biggest life insurers, anticipates a decrease in insurance and service revenue for the full financial year ending 31 March 2025 (FY2024), says CreditSights, a credit research unit of the Fitch Group.
Sun Life Hong Kong has partnered with the Hong Kong Mortgage Corporation (HKMC) to refer clients to the Policy Mortgage Programme and Reverse Mortgage Programme, which offer retirees flexible retirement planning solutions.
Insurers are aware that their legacy products are becoming an increasing cost burden relative to the value they provide to the insurance company and the customer as the book shrinks, according to a report released by global professional services firm Deloitte.
Taikang Insurance Group, one of China's biggest unlisted insurance groups, is assessed to have a strong financial performance, according to Fitch Ratings.
AIA Group has announced that AIA China has received approval from the National Financial Regulatory Administration (NFRA) Zhejiang Bureau to begin preparations to establish a new branch in Zhejiang province.
The future looks promising for the life insurance industry in India with several changes that will transform the way the industry conducts its business and engages with customers, says the India Brand Equity Foundation (IBEF).