Composite insurance rates in Asia fell 3%, on average, in the first quarter of 2025 due to competition, according to the Global Insurance Market Index released by Marsh.
According to the India Protection Quotient 7.0 survey by Axis Max Life and Kantar, life insurance ownership in urban India has reached an unprecedented 78%, highlighting a significant shift toward greater financial awareness and preparedness among urban Indians, reported Businessworld India.
The Office of Insurance Commission (OIC) secretary-general Chuchat Pramulpol and the Office of Agricultural Economics (OAE) secretary-general Chanthanon Wannakhet co-chaired a meeting to develop and drive the weather-index insurance project.
In all of 2024, the Korean life insurance market recorded a combined net profit of KRW5.6tn ($4.26bn), a 7.1%...
According to the recently published summary report on the Implementation of Social Assistance Laws for the...