Shifts in bancassurance and individual agent channels have long been closely watched in the life insurance sector. According to the recently released 2025 half-year reports of A-share-listed insurers, bancassurance business revenues surged in the first half, with multiple company executives highlighting its rising importance during interim results briefings.
Recently, market reports emerged that Ping An Health Insurance products have been fully withdrawn from Ping An Life's sales channel. The "e-Marketing" platform of Ping An Life has also delisted all medical insurance products under Ping An Health Insurance.
The long slide in the number of life-insurance agents at China's big listed firms may be nearing an end.
These are the highlights for events and updates across the insurance industry this week.
Prudential Assurance Malaysia has appointed Mr Kelvin Ang as CEO of its life business. In his new role, he will spearhead the company's strategic realignment and growth initiatives, working closely with the senior management team to accelerate the company's transformation.
Allianz Partners has appointed Mr Okan Özdemir as chief officer for health and board member. In his new role, Okan will continue to strengthen Allianz Partners' health line of business and health portfolio worldwide, while expanding its market leadership in the global health segment.
The Insurance Regulator of Cambodia (IRC) and Hong Kong's Chartered Insurance Institute (CII) will collaborate to strengthen Cambodia's insurance industry on professional training, knowledge exchange and capacity building.
Around 2.4m Australians (17% of the country's population) with private health insurance have increased their excess in the past two years to reduce their premiums according to a new research by Money.com.au.
The Insurance Authority (IA), the insurance regulator in Hong Kong has issued a public reprimand on Tahoe Life Insurance Company and also imposed a fine of $10m to be borne by its shareholders' fund.
Intense competition for this year's Middle East Insurance Industry Awards has produced a distinguished list of 56 finalists, encompassing insurers, brokers, risk managers, service providers, and industry leaders.