Sukoon Insurance, a leading provider of comprehensive insurance solutions in the UAE, is now introducing an innovative videoconferencing feature for its life insurance customers.
Inflation has had a mixed impact on the insurance industry in Egypt, said Inflation has had a mixed impact on the insurance industry in Egypt, said Egyptian Insurance Brokers Association chairman Adel Shaker.
Tata AIA Life Insurance (Tata AIA) has launched its offshore branch at Gujarat International Finance Tec-City (GIFT City), India's first International Financial Services Centre (IFSC). It allows the company to offer US Dollar-denominated life insurance products to Non-Resident Indians (NRIs) through its dedicated website.
Indonesia's life insurance industry chalked up premium income of IDR88.49tn ($5.7bn) in the first six months of this year, 2.6% higher than in the first half of 2023, according to data from the Life Insurance Association of Indonesia (AAJI).
Taiwan's biggest life insurer, Cathay Life, reported a net profit of NT$47bn ($1.47bn) in 1H2024, a significant increase from NT$14bn in 1H2023. This 235.7% growth was mainly driven by higher investment income, said CreditSights, a unit of Fitch Group, in a commentary.
Insurance companies in South Korea, comprising 22 life insurers and 31 non-life insurers, generated KRW9.37 ($7bn) in preliminary net income for the first half of 2024, up by KRW253.6bn or 2.8% from the corresponding period a year earlier, according to preliminary data released yesterday by the Financial Supervisory Service.
The central government is planning to increase the sum insured under two of its flagship insurance schemes -- Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY).
The Turkish insurance market has seen a significant increase in total premium production, acceleration in the digitalisation process, and intensified efforts to raise customer satisfaction, according to the "2023 Sector Report" released last week by the Insurance Association of Turkiye (TSB).
The community programme, called "Hoops+Health", is inspiring engagement, activity and healthy living through basketball by improving community access to courts and education across six Asian markets.
Sun Life has appointed Mr David Lim as chief agency officer for Asia, effective 2 September 2024. In his new role, Mr Lim will lead the delivery of a future-ready agency model leveraging digital platforms to enhance client experience across the Asia businesses. He will also help advise on channel growth, provide insights to develop best practices and foster greater engagement between clients, advisors and Sun Life.