China's life insurance industry is entering a new phase of development shaped by three interconnected structural constraints-interest rates, supply and demand, and capital, according to AVIVA-COFCO Life Insurance's General Manager, Mr Cui Wei.
Taiping Life Insurance is strategically reshaping its product mix by significantly scaling back its offering of increasing whole life insurance products in favour of expanding its annuity portfolio. According to Mr Yu Xiaodong, CEO of Taiping Reinsurance and Chairman of Taiping Reinsurance (China), this shift aligns with recent regulatory guidance and directly addresses China's rapidly aging demographic.
Many insurers have heavily marketed increasing whole life insurance products, which are essentially savings-oriented policies, according to Mr Yu Xiaodong, CEO of Taiping Reinsurance and Chairman of Taiping Reinsurance (China). However, because these plans allow policyholders to surrender their policies early, they create highly volatile and unpredictable cash flows for insurance companies.
Advances in clinical treatment in China have created new opportunities for insurers to participate in disease prevention, according to Mr Liang Xinxin, General Manager of Public Mutual Insurance.
Aon has appointed Mr Metat Sae-Jan as Head of its Life and Health reinsurance broking practice in Thailand.
Go Digit Life Insurance has entered India's retirement segment with the launch of the Digit Life Pension Plan. It has introduced two annuity variants designed to cater to different retirement income needs.
The Employers Confederation of the Philippines (ECOP), the largest employers' group in the Philippines, has backed Executive Secretary Ralph Recto's proposal to expand benefit packages for direct contributing members of the country's state insurer, PhilHealth.
African Risk Capacity (ARC) has confirmed the appointment of Mr David Maslo as its CEO. He originally led ARC as Interim CEO.
Attijari Assurance, a subsidiary of the Wafa Assurance Group, has announced the appointment of Mr Adil Chbani as General Manager, effective 1 June 2026.
Arabia Insurance Cooperative Company has appointed Mr Resini Alresini as Chief Operating Officer, effective July 2026.