The Chinese life insurance sector is expected to chalk up mid-single digits top-line growth in 2025, after growing by 15.7% year on year in 3Q2024 due to strong sales before insurers' pricing-interest rate cuts, says Fitch Ratings.
The premium income of life insurance companies in China declined in the single month of October, which was the first monthly negative growth in 2024 to date, according to data from the National Financial Regulatory Administration (NFRA).
Medical costs are projected to rise in mainland China by a marginally faster rate of 10.8% in gross terms in 2025, compared to 10.5% in 2024, according to the WTW Global Medical Trends Survey.
While proposed reforms by IRDAI would allow for full foreign ownership of insurance companies in India, many international investors may still prefer to enter the market through joint ventures with Indian partners, particularly in the initial stages, says the global law firm Freshfields.
Fukoku Mutual Life Insurance Company (Fukoku Life) maintains a strong capital position, with the corporate principle, "Not the biggest, but the best", continuing to emphasise the strengthening of its capital base and financial soundness, says CreditSights, the credit research unit of Fitch Group.
Medical costs in the UAE are projected to climb by double digits in 2025, according to the findings of the "WTW Global Medical Trends Survey 2025".
Doctors in Bahrain will likely be required to acquire medical liability insurance to protect against claims of medical errors, under a proposed law that seeks to consolidate scattered and outdated liability regulations into a single framework.
Labor says Australians could save thousands of dollars when seeking guidance on their retirement, life insurance and superannuation as it promises to slash red tape and bring in a new class of financial advisers who will provide simpler advice.
The outlook for the insurance sector in 2025 remains stable, albeit amid an uncertain macroeconomic and geopolitical landscape, says the International Association of Insurance Supervisors (IAIS).
The outlook for the APAC insurance sector in 2025 is maintained as "Neutral', supported by stable operating margins and strong solvency buffers, says Fitch Ratings.