China Life, the country's biggest life insurer, saw its net profit attributable to equity holders surge by 44.1% to a record CNY154.08bn ($22.33bn), according to audited financial statements released by the insurance giant.
The State Council, which is China's Cabinet, has issued a set of guidelines to implement fully a nationwide long-term care insurance system, with the aim of addressing the basic care needs of people who have difficulty in taking care of themselves.
Several leading insurance companies launched talent programmes to recruit high-quality individuals for their insurance agency force in 2025, with the momentum continuing into this year.
China can do more to increase consumption and domestic demand-especially for services-by boosting household incomes and reducing incentives for precautionary savings, according to the International Monetary Fund's First Deputy Managing Director Dan Katz.
Asia-Pacific insurers have sufficient capital buffers to absorb investment and underwriting stresses from the Middle East conflict, in S&P Global Ratings' (S&P) base case.
Asian insurers have been urged to sustain equitable access to coverage to deal with the challenges of ageing populations and escalating care costs amid rapid growth. This call was made by Hong Kong's Financial Services and the Treasury Bureau Under Secretary for Financial Services and the Treasury Chan Ho Lim, Joseph, at the 21st Asia Conference on Healthcare and Health Insurance in Hong Kong.
High-net-worth (HNW) individuals prefer life insurance as a legacy planning tool, surpassing traditional options such as wills and trusts, according to a survey by HSBC Life released on 25 March.
Great Eastern is intensifying its focus on high-net-worth (HNW) individuals and families across Asia. Towards this goal, Great Eastern unveiled on 3 March a proposition called Great Eastern Private, created for the high-net-worth (HNW) population across Asia.
Great Eastern Group CEO Greg Hingston has said that the life insurer, a leader in the sector in Singapore, has taken a number of measures to try and mitigate the impact of high medical inflation in the city state.
Emaa Insurance has appointed Mr Hüsamettin Berisbek as Deputy General Manager responsible for technical and operations.