Large private insurers in the Lebanese market have indicated that they will raise health insurance premiums by 10%, starting 1 July, because of the rising costs of medical care.
Sun Life Singapore has launched SunBrilliance Whole Life, a life insurance solution tailored for wealth and legacy planning.
Zenith Islami Life Insurance plans to raise BDT150m ($1.28m) through an initial public offering (IPO) to comply with regulatory requirements and expand its business.
FWD Group Holdings Limited's (FWDGHL) earnings and fixed-charge coverage ratio are expected improve steadily in the next year or two once non-recurrent costs ease, according to Fitch Ratings.
Doha-headquartered AlKhaleej Takaful Insurance Company has agreed to sell its 25% equity in Bahrain National Life Company (BNL).
The mainland Chinese insurance industry chalked up a cumulative insurance premium income of CNY2.95tn ($406bn) in the first five months of this year, representing a year-on-year increase of 4.6%, according to the National Financial Regulatory Administration (NFRA).
Taikang Life Insurance Co, one of China's biggest unlisted life insurers, has maintained a robust profitability track record, with its five-year average return on capital (ROC) above 20%, thanks to its consistent premium growth, profitable product mix and strong investment performance, notes Moody's Ratings.
Cathay Life Insurance Co, Taiwan's largest insurer by life market premiums in 2023, established a special purpose vehicle (SPV), Cathaylife Singapore Pte Ltd, in Singapore on 5 June 2024.
The Financial Services Authority (OJK) currently faces two big challenges in the insurance industry which must be resolved at the same time, according to Mr Ogi Prastomiyono, the regulatory agency's chief executive of Insurance, Guarantee and Pension Fund Supervision.
Health insurers in India have on average a 94% approval rate for health insurance claims, rising to 97% for online claims, according to a Policybazaar report that provides insights into health insurance claims.