The ageing global population is fundamentally reshaping the financial services industry while placing significant strain on public pension and insurance models. As populations transition toward retirement, financial institutions are pivoting from simple wealth accumulation to complex decumulation, longevity risk management, and intergenerational wealth transfer services. Meanwhile, governments are paring back or will eventually have to reduce the financial support for the elderly population as the fiscal burden becomes too much to bear.
Sukoon Insurance, a leading insurer in the UAE, and the trade body, Dubai Chambers, have signed a Memorandum of Understanding (MoU) to give members of the Dubai Chamber of Commerce access to customised insurance, investment, and employee benefit solutions.
Singapore Actuarial Society President Alex Lee has called on actuaries to invest time and energy to study human and physical history properly, explore alternative views of risk and optimise their work for long-term survival.
As part of a broader plan to liberalise foreign insurer access to Kazakhstan, the country is considering lowering barriers to entry.
Australia's proposed reduction in the private health insurance rebate for older Australians has raised concerns that higher out-of-pocket costs could prompt some retirees to drop or downgrade their cover, potentially adding pressure to the public healthcare system.
The insurance part of pensions is set to increase, and minimal pension to be raised, to KGS8,800 ($100) in Kyrgyzstan, effective 1 October 2026.
NSIA Assurances Vie and BGFIBank Cameroon have deepened their collaboration by expanding their bancassurance partnership to offer education endowment plans and retirement protection products.
The reality of life is that many people will live 100 years or longer, whether they want to or not.
India is considering a series of health insurance reforms aimed at curbing rising healthcare costs, improving pricing transparency and streamlining claims, according to sources familiar with the discussions.
Turkiye's insurance sector's net profit for the period increased by 63% nominally to TRY168bn in 2025, while the real increase was 25%, notes the global professional services firm KPMG.