The Chinese family's underlying approach to retirement is undergoing a fundamental shift from pursuing the single goal of "saving enough money" to building "retirement resilience" to withstand longevity and market risks, as market volatility intensifies as life expectancy grows longer.
More than four in five (82.1%) households in China rely on basic pension insurance as an important foundation for retirement preparation. Retirement savings and long-term, relatively stable wealth management products rank second, at 34%. By comparison, 25.9% of households have personal pension accounts while 24.0% have bought commercial pension insurance.
elseco Group has opened elseco Asia in Singapore, with accident and health as its first line of business.
The Company for Cooperative Insurance (Tawuniya) announced the resignation of its Chairman, Mr Abdulaziz bin Ibrahim Alnowaiser, from his positions as Chairman and member of the Board of Directors (Non-Executive), due to his professional commitments.
Increasing costs and an ageing population are likely to slow down the growth rate of South Korean insurance industry in 2027, according to a new report.
China's insurance industry has outlined three major priorities for high-quality development during the 15th Five-Year Plan period (2026-2030) to support economic and social development, deepen reform and opening-up, and strengthen risk prevention, according to a research report released at the Annual Conference of Financial Street Forum 2026 in Beijing.
Helvetia has announced the promotion of Ms Tan Siew Choo to the role of CEO Asia, effective 1 January 2027 and subject to regulatory approval. She will continue to lead the engineering and property solutions Asia team after the transition.
Generali's Board of Directors has approved the evolution of the Group's organisational setup, as proposed by the Group CEO, Mr Philippe Donnet, to underpin the final phase of the 'Lifetime Partner 27: Driving Excellence' strategic plan and looking ahead to the next 2028 to 2030 strategic cycle.
Ageas Federal Life Insurance in India has promoted Mr Puneet Suri to the dual-capacity role of National Head and Chief Administrative Officer (CAO).
Shinhan Financial Group has signed a stock purchase contract to acquire a 77.04% stake in Lotte Non-Life Insurance from JKL Partners for KRW693.3bn ($515m), marking a major move to expand its non-banking portfolio and elevate its standing in South Korea's non-life insurance sector.