The Saudi insurance industry has reported growth in total premium income for the first quarter of the year, while the net income saw a notable setback, according to the Insurance Authority's latest quarterly report.
The Algerian insurance market has posted total premium volume of DZD56.9bn ($439m) in 1Q2025, 13.3% higher than in the corresponding quarter in 2024, including international acceptances and retakaful, the National Insurance Council (CNA) indicated in its latest economic report.
HSBC Life has launched HSBC Aspire Prime Indexed Universal Life to cater to professional investors seeking flexible investment options, with downside protection features to support legacy planning.
AIA Life has appointed Mr Fisher Zhang as AIA Group regional chief executive for Korea, Mainland China and Vietnam, and chairman and non-executive director of AIA Life in Korea, as well as Mr Nathan Chuang as CEO for three years beginning 4 July 2025, a reappointment.
ABL Life Insurance has appointed Mr Kwag Hee-pil as CEO, according to news platform The Korea Times.
Sun Life Hong Kong has upgraded its flagship savings insurance products - SunJoy Global Insurance Plan II, SunGift Global Insurance Plan II, and Stellar Multi-Currency Insurance Plan II - with enhanced legacy planning and policy flexibility features.
The Insurance Regulatory and Promotion Commission (OIC) of Thailand in partnership with Thailand Development Research Institute (TDRI) will study and prepare a voluntary health insurance strategic plan aiming to build a strong health insurance system for the country.
Insurance Regulatory and Development Authority of India (IRDAI), the Indian insurance regulator and the General Insurance Council of India (GIC), a body of the general and non-life Indian insurers, have begun talks with the federal government for the establishment of an independent healthcare regulator in the country according to a report by moneycontrol.com.
The first batch of Indian nursing care workers trained under a joint programme by Sompo Care and India's National Skill Development Corporation (NSDC) has begun working in Japan to ease its skilled manpower shortage.
China's life insurance market showed further signs of recovery in May, with premium growth accelerating on a year-on-year basis, according to operational data released by the National Financial Regulatory Administration (NFRA). The non-life segment remained stable, while analysts expect that a potential decline in the benchmark pricing rate in the third quarter may help ease interest margin pressure across the industry.