The Congolese insurance market posted total premiums of $320m in 2023, compared to a mere $70m in 2018, according to the director-general of the Insurance Regulatory and Control Authority in the DRC (ARCA), Alain Kanyinda.
The total premium production of the Turkish insurance companies in the first half of 2024 jumped by 80.8% compared to the corresponding six months in 2023.
One of the most important events in the calendar of insurance agents and advisers in Asia Pacific - the 9th Trusted Life Agents & Advisers Awards (ATLAA) - concluded earlier this evening, celebrating 17 winners recognised for their outstanding contributions and performance.
The Insurance Association of China (IAC) has released the "2023 China Insurance Industry Social Responsibility Report". This is the fifth consecutive edition of the report, setting out how the insurance industry has been fulfilling social responsibilities.
China's mortality protection gap narrowed by 6% year on year to $73.6bn in 2023, raising the country's resilience index to 38.3% from 36.0% in 2022, says Swiss Re Institute (SRI).
The Property and Casualty Insurance Department of the National Financial Regulatory Administration (NFRA) issued a notice directing insurers to carry out a self-examination of short-term health insurance business by 31 August 2024.
China's five major 'A'-share listed insurance companies have announced their proposed dividend distribution for 2023 would amount to CNY75.52bn ($10.4bn) combined.
Insurance companies and banks are looking for more guidance from the industry regulator on bancassurance operations following the issuance of new regulations.
Nan Shan Life Insurance, the third biggest life insurer in Taiwan, suffered from a negative spread between investment yields and cost of liability over the past few years, driven by the high burden from saving-type policies it had sold in the past with high guarantee rates, says Fitch Ratings.
Prudence Foundation, the community investment arm of Prudential plc in Asia and Africa, and Warner Bros. Discovery in Asia Pacific (WBD), are collaborating on a content series called Decode with Prudence, to help educate audiences on the planet, human lives and their livelihood.