New China Life Insurance (NCI) has estimated that the unaudited net profit attributable to shareholders of the company for the first half of 2026 is about CNY20,719m ($3,056m) to CNY23,678m, representing an increase of 40% to 60% as compared to the first six months of 2025.
The size of the insurance market in Central Africa is about $1.1bn, with a penetration rate of no more than 0.7%, indicating the enormous potential for growth, especially with increasing urbanisation and infrastructure development, said the Insurers Federation of Egypt (IFE).
Allianz Partners has promoted Mr Carsten Staat to the role of Regional Managing Director for MEA, effective 1 August 2026.
AIG has appointed Ms Christine Williams as Head of Global Client and Broker Relationships, effective 1 September 2026.
Saudi Arabia's health insurance market is growing, but insurers will not capture the full value of that growth through pricing discipline alone, according to L.E.K. Consulting (LEK), an independent global strategy consultancy.
Generali Central Life Insurance has unveiled a participating pension plan in India aimed at helping customers build retirement savings, as the country's ageing population grows and pension penetration remains relatively low.
Allianz Partners has promoted Mr Carsten Staat to the role of Regional Managing Director for APAC, effective 1 August 2026.
Lockton has appointed Mr Jeremie Deschamps as Regional Head of Cyber Advisory for Asia; Mr Martin Allain as Head of Wholesale for Lockton Asia's Regional Placement Team; and Mr Michael "Mike" Griffiths as Regional Director, Healthcare, for the company's Professional and Executive Risk and Credit Team. All three are based in Singapore.
China's National Medical Products Administration (NMPA) and National Healthcare Security Administration have launched joint inspections of medical institutions and pharmaceutical wholesalers in the Inner Mongolia Autonomous Region and Shanxi Province following the identification of suspicious activity through drug traceability code screening.