Life insurer Pru Life UK has commissioned a comprehensive study to assess the financial health and behaviour of Filipino Muslims.
Changes to the types of data collected about First Nations people, how it is used and who controls it are needed if Australia wants to progress towards improving the lives and futures of Aboriginal and Torres Strait Islander people, a report commissioned by the Actuaries Institute suggests.
The Indian government could link financial support for three state-owned general insurance companies to their financial performance, after assessing their capital needs.
Hotai Insurance returned to profit by closing 2023 with a full-year net profit of NT$3.7bn ($115.8m), partially contributed by the release of reserve related to COVID-19 pandemic insurance claims, notes AM Best. The insurer reported a significant net loss of NT$36.9bn in 2022, predominantly attributed to pandemic-related claims.
Price Forbes Re has appointed Mr Oliver Waterhouse as head of property facultative. In his new role, he will spearhead the property facultative division, a core area of growth for Price Forbes Re.
The Insurance Association of Turkiye (TSB) has held a brainstorming event during which participants set several 10-year goals for the insurance sector.
Bermuda-based The Fidelis Partnership (TFP) has announced that it would broaden its reach in the Middle East, Africa, Asia, and Latin America, all of which have increasing demand for specialist (re)insurance solutions, enhanced by Lloyd's licensing and TFP's new Abu Dhabi office.
The number of Long-Term Issuer Credit Rating (Long-Term ICR) upgrades exceeded the number of downgrades for AM Best-rated Asia Pacific (APAC) (re)insurers in 2023, driving predominantly by improved balance sheet strength and favourable operating performance, according to a new AM Best report.
A survey by the global information and insights company TransUnion shows a generational divide in life insurance coverage with 83% of millennials having life insurance compared to only 65% of Baby Boomers.
Insurance in Algeria is far from inclusive, particularly against climatic risks, natural disasters and other agricultural calamities, in the view of Mr Mokhtar Naouri, former CEO of Cash Assurances.