Life insurance companies are increasingly targeting the "senior care" market.
The Financial Services Council's (FSC) latest Financial Resilience Index tracker indicates that the outcomes of some economic decisions made since the start of the COVID-19 pandemic are really biting across New Zealand.
International tax advisory firm Ernst & Young (EY) has raised concerns about the potential negative impacts of the proposed amendments to the VAT Act, 2013, particularly regarding the insurance sector.
The record profitability (after zakat & tax) seen in the insurance industry in 2023 has continued in 2024 with the sector reporting a 48% upsurge in net profits to SAR879m ($234m) in 1Q2024 from SAR594m in 1Q2023, says Badri Management Cosultancy.
Sun Life Malaysia (Sun Life) has opened its first branch in Kuching to bring better financial protection to clients in Sarawak and a way of speeding up its growth in East Malaysia.
More insurance customers are surrendering their policies for cash due to financial burdens exacerbated by high inflation and costly borrowing rates.
South Africa's President Cyril Ramaphosa has signed into law a Bill that aims to provide universal health coverage, reported Reuters.
AM Best has upgraded Dubai Insurance Company's (DIN) Financial Strength Rating to 'A' (Excellent) from 'A-' (Excellent) and the Long-Term Issuer Credit Rating to "a" (Excellent) from "a-" (Excellent) of Dubai Insurance Company (PSC) (DIN) (). The outlook of these credit ratings has been revised to 'Stable' from 'Positive"
Gulf Insurance Group (GIG) has announced a net profit of KWD10.9m ($35.6m) for the quarter ended 31 March 2024, 5.2% lower compared to KWD11.5m for the corresponding quarter last year.
The Communist Party branch of the Resolution and Disposal Department of the National Financial Regulatory Administration (NFRA) has stating that it will improve the resolution process for insolvent financial institutions that will give priority to self-rescue funds to absorb losses, and explore the use of private capital to participate in the restructuring of ailing small and medium-sized financial institutions.