Renato De Maria, former insurance broker and director of AIBS, receives permanent ban from the financial services industry following allegations of misappropriating AU$35m (US$29.97m) of client funds.
Market has seen deceleration, but technology and growing middle class provide opportunities for insurers to refine strategies and capitalise on rising protection gap.
China's life market is poised to reach CNY5.6 trillion (US$893bn), driven by economic recovery and the needs of its ageing population, according to GlobalData.
Japan's life insurance industry is forecast to expand steadily in the coming years, despite potential challenges from changes in the Bank of Japan's monetary policy.
AM Best maintains 'Stable' outlook, taking into account surge in foreign currency-denominated savings products, potentially higher domestic interest rates, and improved core profits.
In its 22-23 report, the Australian Prudential Regulation Authority summarised work it undertook to enhance sector resilience and improve policyholder outcomes, while acknowledging escalating challenges...
Against the backdrop of devasting natural catastrophes, China's State Council is seeking to reduce the country's protection gap with expansion of insurance products in small towns, rural areas, and for...
