A massive expansion in Asia’s middle class means that demographic change will be accompanied by an evolution in the type of health and wealth management products that Asian insurers offer.
Developed with insurtech Kanopi, the platform will offer streamlined insurance solutions for the retirement living sector at launch, with new lines of business being added within the next year.
Currently, residents of Queensland are paying dual tax on insurance policies and next state government should eliminate stamp duty, says Insurance Council of Australia.
