Reconciling accounts receivable/payable and addressing associated credit risk implications have posed challenges for some insurance companies in Qatar, according to an analysis by Badri Management Consultancy, an international company offering actuarial services, financial services, Strategic HR consulting, data management and business intelligence.
Two-thirds (65%) of respondents to a survey experienced a mental health issue - such as anxiety or depression - over the past year, and 57% experienced a physical ailment, including allergies and gastrointestinal disorders, according to the "GIG Well-being Report 2024".
ABL Life Insurance's newly launched product, called the 'ABL The Double Whole Life Insurance,' offers double the basic death benefit if a policyholder passes away after being diagnosed with cancer or other serious diseases.
India's biggest insurer, the state-controlled Life Insurance Corporation of India (LIC), is likely to have reduced the first-year commission rate on its policies to 20% from 25% and bonus rate to 8% from 10%, reported CNBC-TV18 citing sources.
Financial stress levels in Australia are at their highest point in 10 years, according to the AMP Financial Wellness Report 2024.
China plans to develop a points-based credit system for healthcare professionals who are certified to process medical insurance funds to curb the misuse of funds and strengthen punishment for violators, according to a guideline released recently.
Growth in high-net-worth (HNW) wealth in Asia Pacific (APAC), notably in the region's emerging economies and China, continues to outperform globally. This will present a significant opportunity for insurers, according to a report by the Swiss Re Institute (SRI).
India Ratings and Research (Ind-Ra) has upgraded Star Health and Allied Insurance Company's (Star) Long-Term Issuer Rating to 'IND AA+' from 'IND AA'. The outlook is 'Stable'.
The insurance industry stabilised in 2023 following muted natural catastrophe events and the positive effects of strategic initiatives implemented by insurers over the last few years to moderate risk exposures, such as premium rate increases and underwriting limitations, according to KPMG South Africa.
Financial Services Authority (FSA) chairman Dr Saeed Mohammed Ahmed Al Saqri has approved a regulation on co-insurance in the health insurance branch pursuant to the Insurance Companies Law.