The Saudi insurance market recorded growth of more than 17% in 2024, with the insurance penetration rate standing at 2.6% of non-oil GDP. The growth rate outpaced the G20 average, pointed out the Chairman of the Insurance Authority Abdulaziz Alboug.
Krungthai-AXA Life Insurance has launched new product, "CI 123: Complete Coverage for All Critical Illnesses," which provides comprehensive coverage for up to 123 critical illnesses, including popular, specialised, and often overlooked conditions such as cancer, cardiovascular disease, respiratory disease, and brain disease. The coverage ranges from pre-incident to severe stages.
The Securities and Exchange Commission of Pakistan (SECP) has released a report by its Annuity Working Group (AWG) that highlights key gaps in the current retirement landscape and proposes measures to broaden access to lifetime income solutions and strengthen Pakistan's retirement income framework.
Gross written premiums in the Jordan insurance market registered a solid double-digit growth rate in the first nine months of the year (9M2025), driven primarily by strong performance in the motor and medical insurance branches, which also accounted for the largest share of paid claims.
Morocco's insurance and reinsurance sector achieved a total turnover of MAD37.7bn ($4.07bn) in the first half of 2025 (1H2025), a growth of 7.7% compared to the corresponding half a year earlier, according to the Insurance and Social Security Supervisory Authority (ACAPS). The first half of this year reflected the recovery trend that began in 2024.
MDRT (Million Dollar Round Table), The Premier Association of Financial Professionals®, was proud to sponsor the Asia Insurance Review's 29th Asia Insurance Industry Awards' (AIIA) "Life Insurance Company of the Year" category, which was awarded to HSBC Life (International) Limited on 3 November at the Awards Ceremony at Marina Bay Sands Expo & Convention Centre, Singapore.
Malaysia will soon reactivate the Health Grievance Mechanism Committee to address disputes involving medical claims and streamline operational practices within the insurance industry.
Taiwan's National Health Insurance (NHI) achieved a growth rate of 5.5% in 2024, the highest in its history. The NHI is targeting to achieve the same rate of growth in 2025 as well.
Thailand's need for home-based care is expected to soar to keep pace with its rapidly ageing population and according to a projection by the International Labour Organization (ILO), Thailand will need up to 250,000 additional paid care workers for long term care for its ageing population.
AIA Bhd has appointed Mr Heng Zee Wang as CEO. In his new role, Mr Heng will lead AIA's life insurance and other business entities in Malaysia by strengthening its position as a market leader and driving the company's continued expansion and transformation.