The National Healthcare Security Administration (NHSA) has elevated the commercial medical insurance under the 15th Five-Year Plan covering the years 2026-2030, positioning commercial insurers as increasingly important participants in the country's multi-level medical security system.
China has taken a rare move to shore up its five state-owned insurance groups. It's pumping a total of $10.4bn (CNY70bn) of capital into these groups to fortify the sector.
Ten bank-affiliated insurance companies have posted a combined net profit of CNY25.26bn ($3.76bn) for the first half of this year, representing a dramatic year-on-year increase of 162.58%, with every one of them reporting profits.
Ping An Health Insurance Company of China (Ping An Health), the second-largest specialised health insurer in mainland China, maintained strong operating performance in 2025, delivering a return-on-equity (ROE) of over 20%, notes AM Best.
The ageing global population is fundamentally reshaping the financial services industry while placing significant strain on public pension and insurance models. As populations transition toward retirement, financial institutions are pivoting from simple wealth accumulation to complex decumulation, longevity risk management, and intergenerational wealth transfer services. Meanwhile, governments are paring back or will eventually have to reduce the financial support for the elderly population as the fiscal burden becomes too much to bear.
Bharti AXA Life Insurance has appointed Ms Priya Chandni as Head of Brand Management and PR.
APAC may be the fastest-growing insurance region globally, yet growth is uneven.
French health insurance specialist Alan has acquired Tanel, a digital health company based in Dakar, operating in Senegal and Cote d'Ivoire. Tanel marks Alan's entry into West Africa.
The Turkish government has released its Medium-Term Programme (MTP), a roadmap for the economy, covering the years 2027-2029, that will focus on large-scale industrial manufacturing, agricultural development, public procurement to spur domestic production, and high-value exports via project-based funding.