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.
While India is home to 62m business owners, a mere 3% have embraced SME insurance, according to Mr Anand Singhi, chief- Retail and Government Business at ICICI Lombard.
Cost of medical care in Malaysia is rising, Etiqa Family Takaful CEO Zafri Ab Halim said.
The insurance industry has voiced serious concerns over the government's move to implement the universal implementation of the Compulsory Health Insurance scheme (AMO), which is a social security programme.
The Saudi Council of Health Insurance (CHI) and the Insurance Authority (IA) began implementing the decision to make health insurance mandatory for domestic workers registered with an employer if their number exceeds four people.
Prudential Cambodia has inaugurated its new headquarters in the heart of Phnom Penh, marking another new chapter in the company's ongoing commitment to enhancing its service capabilities and supporting the growth of the insurance industry in Cambodia.
Bank Negara Malaysia will require insurers and takaful operators (ITO) to introduce cost-sharing features in their new medical and health insurance and takaful (MHIT) products starting in the third quarter of this year.
Health Insurer Niva Bupa has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offer.
Large private insurers in the Lebanese market have indicated that they will raise health insurance premiums by 10%, starting 1 July, because of the rising costs of medical care.