Bima Vistaar is an innovative insurance product which combines property, life, and health insurance into a single policy and which has on user-friendly terms and digital verifications.
Effective September 29th, 2023, the responsibility of the Life Insurance Code of Practice will transition from the Financial Services Council (FSC) to CALI.
The US$830m investment aims to capitalise on China's growing elderly care sector, but comes at a time when the segment is undergoing regulatory change and increased scrutiny.
The Wall Street Journal reports that James Turner resigned amidst a conflict of interest involving the hiring of a relative of a senior official at Hong Kong's Insurance Authority.
The introduction of the new accounting standard has led to a sharp increase in reported profits, particularly for P&C insurers —leading to concerns about valuations.
Amid global macroeconomic challenges, Marsh reports that the APAC captive premiums it manages surged by 58% between 2020 and 2022, significantly outpacing other global regions.
