The combined insurance revenue of listed companies and foreign branches saw a 19% surge to AED42.4bn in 2023, compared to AED35.5bn in 2022, under IFRS 17, according to an analysis by Badri Management Consultancy, an international company offering actuarial services, financial services, Strategic HR consulting, data management and business intelligence.
The UAE Ministry of Finance has updated its exemptions list for VAT payments, including group medical insurance costs.
AIA Singapore has expanded inpatient coverage for mental health care for its corporate insurance policies, at no additional premium.
All age groups in New Zealand are facing financial challenges, according to the latest "Money & You" research series published by the Financial Services Council (FSC) of New Zealand.
Meiji Yasuda Life Insurance Company's core profit margin improved to 18% by the end of the financial year to March 2024 (FYE2024), from 12% a year earlier, notes Fitch Ratings.
Gulf Insurance Group (GIG) is expected to see its gross written premium remain broadly flat for 2024 but fall in 2025 following the revocation by the Health Ministry of a health insurance contract for retired citizens which had been awarded to the Group, according to AM Best.
Chinese insurance giant, China Life Insurance Company, has turned in an average return on equity (ROE) of 14% in 2022-2023 (2023: 11%), based on the IFRS 17 accounting standard, says Fitch Ratings.
Aviva-COFCO Life Insurance Company's risk-based capitalisation declined to 'Strong' in 1H2024, from 'Very Strong' at end-2023, based on the Fitch Prism Global Model, says Fitch Ratings.
The insurance industry's total original insurance premium income reached CNY4.38tn ($622bn) in the first eight months of the year, according to data released by the National Financial Regulatory Administration (NFRA).
WTW has appointed Mr Gerald Dolina as head of Philippines and head of corporate risk and broking Philippines and Mr James Matti as managing director, health, wealth and career Philippines. Both appointments are effective 2 January 2025.