Krungthai-AXA Life Insurance has unveiled its latest advertising campaign titled "Enjoy Life, worry free" for the LifeReady insurance plan.
The Australian insurance sector will remain resilient as operating challenges ease in the next few years. Insurers will likely respond to moderating inflation with lower premium hikes, however profitability should remain sound across all segments, said S&P Global Ratings (S&P).
The life insurance market in Taiwan is navigating several developments including the adoption of localised Insurance Capital Standards (TW-ICS) and International Financial Reporting Standard 17 (IFRS17) in 2016, and the pressure to raise additional capital of around NT$100bn ($3.1bn) to meet solvency rules.
INCOME Insurance is currently "in discussion" with European insurer Allianz on a transaction relating to Income's shares, it said recently. The statement follows media reports that the two insurers are in talks about a possible tie-up, which could see Allianz buying a stake in Income, or a partnership agreement.
State-controlled Life Insurance Corporation (LIC), India's biggest life insurer, has clarified that it currently does not have any official proposal to enter the health insurance sector.
Australia is facing an advice accessibility crisis, according to Ms Christine Cupitt, CEO of the Council of Australian Life Insurers (CALI), who said that life insurers want Australians to have more choice when it comes to getting advice about their life insurance needs.
The non-life insurance sector posted an increase of 8.97% in premiums in 2023 compared to 2022, according to updated data from the Association of Insurance Companies of Cameroon (ASAC). Non-life insurance represents 67.42% of the overall turnover of the industry in 2023.
Orient Insurance has a track record of very strong operating profitability, notes AM Best, adding that in 2023 (under IFRS 17) the insurer generated a return-on-equity ratio of 15.5% and a net-net non-life combined ratio of 85.8% (both as calculated by AM Best).
Sabanci Ageas Health Insurance has changed its name to Medisa Sigorta and increased its issued capital by TRY400m ($12.22m).
Some insurance companies in China will halt on 30 June the sales of incremental wholelife insurance policies that have an assumed interest rate of 3% and instead launch new policies with an interest rate of 2.75% on 1 July.