On April 16, Taikang Asset Management Co (Taikang Asset) announced that its application for the establishment of a wholly-owned private equity fund management subsidiary, Taikang StablePath Private Fund Management Co (Taikang StablePath), had been approved by the National Financial Regulatory Administration. As a result, the second batch of insurance capital long-term investment reform pilots has seen substantial progress.
The Council for Cooperative Health Insurance, a government body, has unveiled a project to update the Unified Insurance Medicines Guide, which enables beneficiaries to access essential medicines and support them in disease management while ensuring patient safety and quality healthcare.
Australians shun social media and turn to market research and financial advisers for investment information and education, a new survey from HSBC Australia reveals.
Japan is the top-ranked country in Asia, based on Swiss Re's metrics for availability, accessibility and affordability of health insurance in Asia, according to the reinsurer's head of life and health reinsurance APAC excluding China, Ms Daisy Ning.
Côte d'Ivoire collected FCFA594.8bn ($1.03bn) in insurance premiums in 2023, compared to Cameroon's FCFA270.6bn and Senegal's FCFA268.6bn,according to the latest available figures from the Federation of African National Insurance Companies (FANAF).
Listed insurance companies in Saudi Arabia recorded a 15.2% growth in insurance revenue to SAR66.4bn ($17.7bn), compared to SAR57.7bn in 2023.
The Turkish government is preparing to introduce long-term care insurance for the elderly to ensure the sustainability of the social security system and to meet the needs of the rapidly ageing population.
India's non life insurance sector reported a 6.2% growth in gross direct premium, with health insurance being a major contributor.
The Uganda Insurers Association (UIA) is working on an initiative named the Insurance Literacy and Market Development Agenda to increase public awareness of insurance in the country, according to Mr Jonan Kisakye, CEO of the association.
Bajaj Allianz Life Insurance has introduced a new term insurance policy designed specifically for women, reflecting an effort to align its offerings with changing customer profiles and protection needs.