Chinese insurers have spent over US$10bn building retirement communities, but new draft rules could see some excluded from the insurance-plus-service sector.
The Japanese life insurer's underwriting profitability is set to bounce back from FYE 2024, contributing to Fitch Ratings maintaining their 'A-' Insurer Financial Strength rating.
In a strategic move to bolster its Asian market operations, Pacific Life Re announces the appointment of Vasan Errakiah as General Manager, Asia Markets.
A surge in a volume of sponsorship deals has pushed the insurance sector's spending on sports sponsorships past US$1bn, with a notable increase in football partnerships, reports GlobalData.
Hong Kong's Insurance Authority said the appointment of PWC representatives as Advisors was made to support Tahoe Life and protect the interests of the insurer's policy holders.
The Insurance Bureau has requested urgent updates on life insurer's positions and risk assessments related to the turmoil in China's financial markets.
