Accident and Health

Surging medical inflation ramps up Malaysian insurers’ health claims

August 15 2024

The impact of rising medical procedure costs in Malaysia was worsened by a decline in the value of the ringgit last year.

Zurich Australia holds inaugural mental health roundtable

August 14 2024

Biannual roundtables will aim to foster meaningful engagement between mental health and life insurance sectors.

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Singapore's life insurance industry sees 30.4% growth in new business premiums for 1H 2024

August 14 2024

Singapore’s life insurance sector recorded its best half-year new business performance since the pandemic, however claims also surged.

Meiji Yasuda to acquire American Heritage Life Insurance for US$2bn - report

August 14 2024

The acquisition, which is set to be finalised by June 2025, is part of a broader strategy by Japanese life insurers to expand abroad.

Higher living costs, mental health concerns drive demand for affordable life insurance in Australia: CALI

August 12 2024

New study from the Council of Australian Life Insurers highlights need for financial advice and accessible information about life insurance products.

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LIC CEO confirms interest in entering health insurance sector via acquisition

August 12 2024

MD & CEO Siddhartha Mohanty says LIC India seeks to acquire a standalone firm for its foray into health insurance “rather than set up a vertical.”

South Korea’s ABL Life launches women-exclusive health insurance products

August 9 2024

The new insurance offering includes coverage for female diseases, cancers, and major life stages.

arch-insurance-australia-brings-accident-and-health-claims-in-house

Arch Insurance Australia brings accident & health claims in-house

August 8 2024

The move aims to provide brokers with “a comprehensive and streamlined end-to-end service.”

Wearables data a valuable complement – but not replacement – to sophisticated underwriting

August 8 2024

Wearables can make a difference, but standardising data and understanding algorithms remain a challenge.

hong-kong-insurers-prepare-for-traditional-chinese-medicine-inclusion-in-health-insurance-scheme

Hong Kong considers expanding health insurance scheme to cover inpatient Traditional Chinese Medicine services

August 8 2024

Authorities are looking to expand the voluntary health insurance scheme, but a lack of TCM data means insurers may need to look to the mainland for guidance.

india-bloc-parties-stage-protest-vs-gst-on-life-health-insurance-premiums

India bloc parties stage protest against GST on life, health insurance premiums

August 7 2024

MPs rally against 18% GST on insurance services, with one labelling the tax "insensitive thinking."

SBI General, HSBC India enters bancassurance partnership for non-life products

August 6 2024

Businesses team up to provide health, property, motor, and travel insurance to HSBC's customers.

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