Global health company, Cigna Healthcare, has boosted its presence in Saudi Arabia by opening its new office in Riyadh, which will contribute to providing high-quality, affordable local health insurance solutions to individuals, companies and government agencies in the country.
High inflation and interest rates, attracting and retaining talent and digital transformation will have the greatest impact on the European insurers' ability to secure future revenue growth in 2024 according to a survey conducted by WTW.
Major life insurer Nippon Life Insurance will acquire Nichii Holdings, the parent of Japan's leading nursing care provider Nichiigakkan Co, for about JPY210bn ($1.42bn).
The life insurance industry says that it welcomes the federal government's announcement of a consultation paper to seek community feedback on the use of genetic test results by insurers.
The Australian Treasury has released a consultation paper seeking feedback on both the impacts of life insurers utilising genetic test results in underwriting on genetic testing and research, as well as a range of potential policy responses.
The state-owned Sri Lanka Insurance Corporation (SLIC), the biggest composite insurer in the country, will be split into two entities, one relating to life insurance and the other to general insurance.
Mid-tier insurer National Insurance Company (NIC) has a track record of adequate operating performance, with a five-year (2018-2022) weighted average return-on-equity ratio of 5%, says AM Best.
Shareholders of Kuwait-headquartered Gulf Insurance Group (GIG) have approved the group's exit from the Syrian market and the sale of its subsidiary, Syrian Kuwaiti Insurance.
In partnership with AIA Malaysia, TNG Digital has introduced Insure360, a comprehensive health insurance centre, accessible through its Touch 'n Go eWallet. This feature provides a selection of critical illness and medical insurance products.