The sale of health insurance policies with maternity benefits is growing at 80% annually, according to data from Insurtech platform company, PolicyBazaar.
The National Tax Service, under the Ministry of Economy and Finance, is looking into the reasons why corporate tax revenues have failed to increase proportionately despite insurers recording their highest-ever net profits after the adoption of IFRS 17 in 2023.
State-owned financial investment company, Dalian State-owned Financial Capital Operation Co (Dalian FCO) has become the largest shareholder of Aeon, ousting Chinese property giant Dalian Wanda Group from the topmost position.
French global insurer has teamed up with the Universal Postal Union (UPU) to promote inclusive insurance, including in Africa. The partnership to scale inclusive insurance through postal networks globally starts with joint research, followed by technical assistance programmes.
Wataniya Insurance Company has reported a significantly improved net profit of SAR85m ($22.7m) in 2023 (under IFRS17 accounting standards) versus a net loss of SAR28m in 2022, notes Fitch Ratings.
The share of life insurance in the Arab region varies from country to country from only about 2% of the premiums in some markets to over 51% in others, pointed out Mr Chakib Abouzaid, the secretary-general of the General Arab Insurance Federation (GAIF).
Singapore's life insurance industry recorded a total of S$1.37bn ($1.01bn) in weighted new business premiums for 1Q2024, an increase of 32.2% compared to 1Q2023, according to the Life Insurance Association, Singapore (LIA Singapore) in a statement released yesterday.
The IRDAI has approved the acquisition of bankrupt Reliance Capital's life, general, and health insurance units by the conglomerate, the Hinduja Group, moving the group closer to finalising its deal for the insurers.
Qatar's listed insurance companies posted a combined net profit of QAR387.57m ($106.5m) for the first quarter of this year, according to quarterly financial statements published by the companies.
Financial advisers should leverage social media to connect with millennials and Gen Z, as new research indicates they are twice as likely to get financial advice online than from a professional, says financial counselor Myles Ma.