Some customers in higher risk areas are starting to see premium savings, but hard reinsurance market and rising nat cat events mean benefits are less apparent.
Part of its Corporate Care Income Protection, Zurich says the benefit is a country-first, and provides financial support for conditions such as ectopic pregnancy, pre-term birth, and menopause.
Global premiums rose by 7.6% in 2023, but Ilias Tsakiris underlined importance of excellence in underwriting as marine insurers face evolving, global challenges.
Having officially launched in the country in July, Howden strengthens footprint with acquisition and appointment of Takuya Aibe as CEO of its Japan retail business.
Watchdog reviewed products from 12 Hong Kong carriers, noting 40% premium differences and potential coverage gaps, while calling for more diversified products.
