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.
When it comes to capital optimisation, Aon strategy and technology group global CEO Sherif Zakhary said, each insurer would have "a different parameter for success".
Hong Kong's FTLife Insurance Company has rebranded itself to Chow Tai Fook Life Insurance Company (CTF Life) to leverage the resources of its parent company Chow Tai Fook Group and provide quality lifestyle experiences and create value beyond insurance.
HSBC has appointed Ms Daisy Tsang as CEO of HSBC Life Hong Kong, effective 1 August 2024 and subject to regulatory approval. HSBC Life Hong Kong refers to HSBC Insurance (Asia) Limited and HSBC Life (International) Limited.
Tata AIA Life was ranked sixth in the Global Million Dollar Round Table (MDRT) rankings for 2024.
The National Insurance Commission (NIC) plans to implement a risk-based capital framework for life insurance companies, according to Mr Kofi Andoh, acting commissioner at the NIC.
The Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP) has announced a health insurance project for tourist visas.
More than half (55%) of Taiwanese people believe that when unforeseen events occur in life - including unemployment, death, or being unable to work due to health reasons - their existing insurance is not sufficient for them to maintain their living standards, according to the findings of a survey by BNP Paribas Cardif.