The UAE's health insurance sector is undergoing rapid change, marked by steep premium hikes, increased utilisation, and a shift away from traditional pricing structures, according to Pacific Prime, a global health insurance brokerage, and risk management and employee benefits specialist.
Kuwait-based Gulf Takaful Insurance (GIG Takaful) is expected to see 8%-12% revenue growth per year in the next two years, under a base-case scenario by S&P Global Ratings (S&P).
The Malaysian government has proposed various incentives to encourage Malaysians to buy insurance policies.
Technical committees of the Insurers' Federation of Egypt (IFE) are currently studying the proposed form of the divorce insurance policy, a line of business provided for under the new insurance law passed in 2024.
Bahrain Kuwait Insurance Company (GIG Bahrain) has a track record of strong operating performance, generating in 2024 a return on equity of 11.6% and a net-net combined ratio of 96.5% (both as calculated by AM Best).
Hanwha Life Insurance is targeting the super-rich by focussing on wealth succession and setting up a family office centre in Gangnam, Seoul, to provide one-stop financial butler consulting, linking insurance, securities, and asset management functions.
Hannover Re has appointed Ms Kantaporn Thejatunga as general manager of life and health (L&H) of its Malaysian Branch in Kuala Lumpur, according to a post on LinkedIn.
Gulf Insurance Group (GIG) has a record of strong operating performance and in 2024 reported post-tax profits of KWD31.8m ($103.5m), equating to a return on equity of 8.4%, as calculated by AM Best.
Financial Advice New Zealand is set to offer a new professional development opportunity for advisers with the introduction of the AI in Advice Certificate.
Preventive healthcare activities in Taiwan will soon earn health-points which can later be redeemed for health-related products or services.