The National Insurance Commission (NIC) plans to implement a risk-based capital framework for life insurance companies, according to Mr Kofi Andoh, acting commissioner at the NIC.
The Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP) has announced a health insurance project for tourist visas.
More than half (55%) of Taiwanese people believe that when unforeseen events occur in life - including unemployment, death, or being unable to work due to health reasons - their existing insurance is not sufficient for them to maintain their living standards, according to the findings of a survey by BNP Paribas Cardif.
Germany-based global composite insurer Allianz SE's proposed acquisition of Singapore's Income Insurance should not materially change the competitive landscape in Singapore's insurance market, says Fitch Ratings.
Finance Minister Nirmala Sitharaman has proposed in the 2024 Budget unveiled yesterday that a reduction in the TDS (Tax Deducted at Source) rate to 2% from 5% on payouts from life insurance policies.
There was an overall increase in embedded value (EV) and value of new business (VNB) across the region in 2023, reflecting the bounce-back of many economies, said Mr Heerak Basu, principal and consulting actuary at Milliman, a premier global consulting and actuarial firm.
India's elderly population - or those aged at least 60 - is expected to double to 346m by 2050, according to United Nations Population Fund (UNFPA) India resident representative Andrea Wojnar.
Cathay Life Insurance maintained its status as the flagship subsidiary of Cathay Financial Holdings as it reported an after-tax net profit for the single month of June of NT$8.94bn ($272m), and a cumulative after-tax profit of NT$48.26bn for the first half of the year, according to corporate announcements made by the group.
South Africans are diversifying their risk cover to include life insurance that pays out offshore, in US dollars, according to research findings by Discovery Life.
The Insurance Authority (IA) says that it and the country's insurance sector was unaffected by the 19 July massive global tech outage.