The insurance industry, including takaful, grew by 4% to DZD48.4bn ($359.6m) in 1Q2024 in terms of overall revenue (direct and reinsurance acceptances), according to provisional data from the National Insurance Council (CNA).
Cigna Healthcare, a leading global health services company, has announced Ms Leah Cotterill as the new CEO for Cigna Healthcare - Middle East and Africa (outside Saudi Arabia).
AIA Cambodia has underlined its long-term commitment to safeguarding the health and well-being of Cambodians with the release of AIA 100 Kapea, the Kingdom's first insurance plan to cover 100 critical illnesses and conditions.
Cathay Life Insurance, Taiwan's biggest life insurance company, has seen its issuance of $600m 10-year overseas subordinated corporate bonds oversubscribed by around three times.
High-net-worth individuals (HNIs) in India are increasingly opting for high-value term insurance policies with an insured sum of at least INR200m ($2.40m).
Vietnam government and state-owned enterprises plan to divest some of their shareholdings in the country's two biggest insurers, namely, Baoviet Holdings (BVH) and PVI Holdings.
Insurance intermediaries are asking the authorities to postpone until 2029 turning the Compulsory Health Insurance scheme (AMO) into a universal programme across the country.
The Insurance Federation of Egypt (IFE) says that for insurance companies to adapt successfully to rapidly changing risks, there is a need to find new ways of working supported by a more flexible workforce with diverse capabilities.
Reinsurance Group of America (RGA), a leading global life and health reinsurer, today announced it has reached an agreement with Tongyang Life Insurance Company for an RGA subsidiary to reinsure a KRW200bn ($144.35m) in-force block of life policies through coinsurance.
People who pay for individual medical insurance cover in Beijing can purchase non-prescription drugs at designated pharmacies on e-commerce platforms Meituan and JD.com from 1 July, according to the capital city's medical insurance bureau.