On March 21, the National Healthcare Security Administration (NHSA) released the 2024 Medical Insurance Development Statistical Bulletin. According to the report, as of the end of 2024, the number of people enrolled in basic medical insurance reached 1.326bn, maintaining a 95% participation rate, with continuous improvements in coverage quality and structure.
These are the highlights for all events and updates across the industry this week.
Qatar Insurance Co (QIC) is projected to see modest top-line growth of about 3% per year in 2025 and 2026 as the company continues to consolidate its business, says S&P Global Ratings (S&P).
Solidarity Bahrain's successful pursuit of an inorganic growth strategy has strengthened the group's position as the number one insurance provider in Bahrain and marks a step towards growing an international business. This statement appears in Solidarity's 2024 annual report released last week.
The new whole life product, named ABL the Inheritance Whole Life Insurance, stands out by returning the premiums paid by the policyholder along with the death benefit upon the insured's death.
According to the report titled "Taiwan Life Insurance Sector: Operating Surplus to Remain Volatile in 2025", published by Taiwan Ratings Corporation, a subsidiary of S&P Global Ratings, the performance of Taiwan's life insurance sector will remain volatile in 2025 amid the evolving composition of operating surpluses.
Cigna Healthcare has appointed Mr Rob Peat as CEO of APAC and Mr Shaun MacKenzie as CFO of international health. Both appointments are effective 1 April 2025.
The Saudi Insurance Authority (IA) and other stakeholders in the insurance market are conducting a study on whether or not to scrap insurers' requirements for their approval for health insurance services.
The Insurance Committee of the Qatar Chamber views the issue of the pricing of mandatory health insurance as a priority.
AIA Thailand has launched "Recruitment Kickoff 2025 - Raising the Level of 'Creators" to Success'" in a move to create quality agents in all regions of the country, upgrade the professionalism of its life agents, and help Thais prepare for retirement through effective health and financial planning from its professional advisers.