Ping An Insurance said Reuters report, alleging Chinese authorities directed the insurer to assume control of embattled property developer Country Garden, is 'completely untrue'.
Sumitomo Life injects further SG$180m (US$133m) into Singlife, while in the midst of finalising US$900m acquisition of Aviva Group's stake in the Singaporean insurer.
There is growing demand and a greater emphasis on insurance products for mental health in Asia, but it is unclear if society — and the industry — is ready to confront the issue and eliminate stigma.
Insurers should take advantage of automation to leverage the data the new standard will produce, said Martyn van Wensveen, a senior management consultant at EY.
The regulator is aiming to study and propose improvements for the channel, as one of ' reaching the last mile' and making insurance products available to 'every nook and corner' of the country.
