Life and Health

AIA China receives regulatory approval to open new branch in Chongqing

November 12 2024

Once final approvals are obtained, AIA’s Chongquing branch would become the company’s eighth expansion in Mainland China since 2019.

gen-z-demongraphic-shift-highlights-need-for-flexible-insurance-products

Gen Z demographic shift highlights need for flexible insurance products

November 12 2024

Timing of key life events, work arrangements, and other lifestyle preferences mean insurers should consider simplified and adaptable products.

AM Best assigns stable outlook to New Zealand life insurance, affirms stable outlook for non-life sector

November 12 2024

Kiwi insurers demonstrating resilience amidst market challenges, says AM Best.

Malaysia Takaful Association unveils new strategic framework

November 11 2024

Launch of Hijrah27 framework comes as Malaysia’s Takaful sector achieves a 20% penetration rate, driven by increased demand and digital adoption.

industry-leaders-to-discuss-innovation-at-insurtech-insights-asia-2024-in-hong-kong

Leaders to discuss technology innovation at Insurtech Insights Asia 2024

November 11 2024

Hong Kong-based event will serve as a venue for over 5000 attendees to gather and discuss innovation and growth in Asia’s rapidly expanding insurance market.

indias-insurance-regulator-calls-for-reforms-to-allow-100-foreign-direct-investment

IRDAI Chair calls for reforms to allow 100% foreign direct investment

November 11 2024

Debasish Panda is looking for policy changes to allow full FDI and greater operational flexibility for insurers.

Asia insurtech funding falls with global investment expected to stabilise at US$4.2bn in 2024

November 8 2024

Following volatile years, funding is expected to level out, with a focus on AI-driven solutions and growing interest in breakout-stage insurtechs.

chow-tai-fook-life-sees-strong-vnb-growth-despite-margin-decline-in-fy24-fitch

CTF Life reports strong VNB growth in FY24 despite margin decline: Fitch

November 8 2024

Fitch affirms CTF Life's ratings, citing stable capital position and improved return on equity.

asian-insurers-risk-being-left-behind-due-to-data-quality-hurdles

Asia's insurers risk being left behind due to data quality hurdles

November 8 2024

Emerging technologies can revolutionise (re)insurance, but region is at a disadvantage due to disincentivised data collection practices.

New SRA Chair outlines vision for sustainable reinsurance industry

November 7 2024

Kenrick Law says reinsurance must focus on collaboration and talent development to ensure resilience and adaptability in a rapidly changing market.

Everest Singapore rolls out AI-driven employee health product

November 7 2024

Product aims to streamline employee healthcare through greater precision.

Philippines Insurance Commission issues first takaful licences to Pru Life and Etiqa

November 7 2024

The IC said it also plans to expand takaful offerings to include microtakaful for wider financial inclusion.

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