Great Eastern has launched Great Eastern Private, a segment proposition created for high-net-worth (HNW) individuals and families across Asia.
Zurich Financial Services Australia will acquire ClearView Wealth (ClearView) through a scheme of arrangement.
Bharti AXA Life has entered into a strategic bancassurance partnership with Equitas Small Finance Bank.
A study by multinational insurer Prudential has found that a majority of young adults in the region want a more structured approach to managing their finances. The research, titled "Financial Mindset of Young Adults in Asia", found that more than 71% of respondents prefer clear financial planning over spontaneity, maintaining consistent insurance and investment habits.
The Central Bank of the UAE has revealed a strong increase in assets invested within the insurance sector, rising to AED 84.9bn ($23.1bn) at the end of 2024--equivalent to 59.2% of total sector assets and up from AED 77.2bn (54.6%) as of the end of 2023.
Guangdong has signalled stronger support for cross-border retirement finance in the Greater Bay Area, outlining measures to deepen cooperation with Hong Kong and Macau and to advance insurance-market connectivity across the region.
While financial security is regarded as a cornerstone for legacy planning across the region, more than half of the respondents to a survey by Sun Life Asia feared their wealth will not last beyond their children's generation, thus underscoring an urgent need for structured planning and financial literacy.
Technology plays a critical role in service delivery and experiences for high-net-worth (HNW) clients, HSBC Life Singapore CEO Harpreet Bindra has said.
Many young professionals under the age of 35 in South Africa prioritise investment savings over buying insurance, according to recent research by Liberty, a financial services provider in the Standard Bank Group. This leaves them vulnerable to adverse serious life events.
Chinese regulators have unveiled a pilot programme in the Hainan Free Trade Port allowing overseas investors to access a range of onshore asset management products, including those from insurance asset managers, in a bid to expand cross-border investment channels and deepen financial market opening.