QLM Life & Medical Insurance Co, the largest health insurance provider in Qatar, is expected to increase its insurance revenue by 5%-10% per year in 2024 and 2025, in the view of S&P Global Ratings (S&P).
The Asia Care Survey 2024, conducted by life insurer Manulife found physical wellbeing was considered the most important to respondents, with 39%. Financial and mental wellbeing came in second and third place with 32% and 29% respectively.
According to life insurer TAL's blog, "vaping is generally considered by insurers the same as smoking".
Indian health insurer Niva Bupa is planning to raise $360m in an IPO, potentially valuing the business at up to $2.5bn, reported Reuters citing two sources and a document it had seen.
To curb the mis-selling of life insurance policies as pure investment products, the Insurance Regulatory and Development Authority of India (IRDAI) has barred insurance companies from advertising unit-linked insurance plans (ULIPs) as investment plans.
Steadfast Group (Steadfast) has appointed Mr Nick Cook as executive general manager - Australasian networks, broker and insurer services; Mr Mark Senkevics as executive general manager - underwriting agencies, alternative risk transfer (ART), reinsurance and life, effective 1 July 2024 and Ms Meagan Jeffery as executive general manager - technology & information, effective 8 July 2024.
Material changes to the shareholding structure of Income Insurance could ultimately weaken the likelihood of support from the Singapore government through NTUC Enterprise Co-operative, the majority shareholder of Income Insurance, said S&P Global Ratings (S&P).
Sanlam Limited (Sanlam) and MultiChoice Group have entered into an agreement for Sanlam to acquire 60% of MultiChoice's insurance business, NMS Insurance Services (NMSIS), as well as a long-term commercial arrangement to expand insurance and related financial service offerings into MultiChoice's extensive African subscriber base.
With a rise in credit risk, the Omani insurance industry faces increasing challenges due to the enhanced impact of Expected Credit Losses (ECL), says the Dubai-headquartered international actuarial consulting company, Badri Management Consultancy.
The earnings of Qatar General Insurance & Reinsurance Company (QGIRC) have been supported by a track record of adequate underwriting profitability, with the company generally reporting positive technical results, says AM Best.