Allianz Life Insurance Malaysia Berhad (Allianz Life) has unveiled AssuredLove, a new feature that empowers life insurance policyholders with the choice of flexible death benefit annual payouts over five or ten years, ensuring tailored financial stability for beneficiaries.
Malaysian regulator Bank Negara Malaysia (BNM) and the ministry of health (MOH) will soon meet the country's medical community to discuss the government's proposed base medical and health insurance/takaful (MHIT) product.
The Philippine Health Insurance Corporation (PhilHealth) paid over PHP200bn in medical claims from January to September 2025.
The Korean insurance regulator has said that if more people cooperate no more paperwork will be necessary to submit insurance claims after a clinic visit.
Gulf Insurance Group - Jordan (GIG Jordan) has a record of underwriting profitability, said AM Best. In 2024, the insurer achieved a combined ratio (net/gross) of 91.9% (2023: 89.9%).
As China's listed insurers prepare to release their third-quarter reports, a clear uptrend in industry performance is emerging. Since New China Life first issued its earnings forecast on 13 October, PICC P&C and China Life have also released announcements projecting profit growth of over 40% year-on-year for the first three quarters of 2025, with China Life leading with a 50%-70% increase.
JD.com has officially entered Hong Kong's insurance industry after its subsidiary, Jingda HK Trading Co Ltd received an insurance brokerage licence from the Insurance Authority on 14 October, according to information from the regulator's website on 23 October.
China's insurance industry continues to streamline its physical branch network. According to data from the National Financial Regulatory Administration (NFRA), as of 22 October, a total of 2,565 insurance branches have withdrawn from the market this year, representing a 60% increase from the same period in 2024.
China's insurance intermediary sector is undergoing another wave of consolidation amid intensified regulatory scrutiny. According to local media reports on 16 October, several insurance intermediaries have recently exited the market-voluntarily or otherwise-due to loss of contact or regulatory breaches.
These are the highlights for events and updates across the insurance industry this week.