The UAE insurance sector continued to grow in 2022, with the number of licensed entities increasing by 5.53% to 553 in 2022 from 524 in 2021, according to the Central Bank of the UAE (CBUAE).
Great Eastern Life Malaysia (GELM) launched Great Multi-Gen Wealth, a wealth accumulation plan at its head office recently.
New York-listed Brown & Brown, a Florida-headquartered leading brokerage firm, has entered into an agreement to acquire Kentro Capital, which includes Nexus Underwriting, an independent specialty managing general agent (MGA).
FWD Group Holdings (FWD) is expanding its financial literacy programme, JA SparktheDream, to span seven markets in Asia as part of its 10th anniversary year community initiatives. Developed in partnership with Junior Achievement Asia Pacific (JA), the programme integrates financial, social and life skills education for students to help boost financial literacy in the region.
AIA Hong Kong has announced that it will soon launch "AIA Assemble", a first-in-market, customisable critical illness plan that sets a new industry standard by enabling customers to tailor their critical illness protection and sum assured and thus enjoy higher levels of flexibility and freedom.
ICICI Prudential Life Insurance has launched a new debt fund. Called ICICI Pru Constant Maturity Fund, it is available with the insurer's Unit-linked insurance plans (Ulips). The fund carries a lock-in of five years.
Star Health and Allied Insurance Company, a leading standalone private health insurer, plans to set up 1,000 new sales offices in the current fiscal year ending 31 March 2024 (FY2024) as part of its overall efforts to deepen its penetration in rural India.
HSBC Life, the insurance arm of HSBC, has invested US$20 million to upgrade its technology and introduce a range of new medical insurance services for clients, with sales to mainland Chinese clients back to pre-pandemic levels, according to a senior executive.
Some Australians continue to be deterred from genetic testing due to life insurance concerns, and some who have tested positive for adult-onset conditions have faced difficulties accessing life insurance, a paper has claimed.
The 34th General Conference of the General Arab Insurance Federation (GAIF) is planned to take place from 18-21 February 2024 in Muscat, the Oman Insurance Association (OIA) has announced.