Taiping Life Insurance is strategically reshaping its product mix by significantly scaling back its offering of increasing whole life insurance products in favour of expanding its annuity portfolio. According to Mr Yu Xiaodong, CEO of Taiping Reinsurance and Chairman of Taiping Reinsurance (China), this shift aligns with recent regulatory guidance and directly addresses China's rapidly aging demographic.
The Systemic Risk Coordination and Monitoring Committee (CCSRS) has said that the insurance sector continued its growth momentum against a generally favourable economic backdrop.
New Zealand's Financial Markets Authority (FMA) has released its second annual Financial Conduct Report (FCR), outlining progress made over the past year and its regulatory priorities for FY2026/27 to continue improving outcomes for consumers, investors and businesses.
Traditional passive healthcare and post-incident claims settlement alone are no longer sufficient to meet the health needs arising from longevity, according to Mr He Mingke, CEO of Ping An Healthcare and Technology Company, which operates as Ping An Good Doctor.
New Zealand's Financial Services Council (FSC) has welcomed National's KiwiSaver policy, saying the package would strengthen New Zealanders' long-term financial resilience and help close gaps in the current system.
The incoming Chairman of the Nigerian Insurers Association (NIA), Mrs Ebelechukwu Nwachukwu, has unveiled a strategic blueprint anchored on collaboration, trust and regulatory compliance.
The Asian Development Bank (ADB) has approved a $700m policy-based loan to support reforms aimed at strengthening insurance in Pakistan.
The Australian Prudential Regulation Authority (APRA) has written to banks, insurers and superannuation funds, setting out its minimum expectations in relation to their readiness for geopolitical shocks.
The Organisation for Economic Co-operation and Development (OECD) has commended the various reform measures being implemented by the Financial Services Authority (OJK) in the insurance and pension fund sectors to strengthen financial sector resilience, enhance consumer protection, and encourage healthy and sustainable industry development.
Large and mid-sized insurance companies are rapidly deploying capital and services to the home-based elderly care market as the vast majority of seniors choose to age in familiar environments.