In the first quarter of 2024, commercial insurance rates in the Pacific region fell by 2%, while financial and professional lines declined for the fourth consecutive quarter.
Moody's says previous concerns about Fosun contagion risk are unlikely to rise significantly in next 18 months, while spotlighting reinsurer's strategic reduction of cat exposure.
Individuals 65 and older can now acquire health insurance, as IRDAI broadens coverage inclusivity and reduces waiting periods for pre-existing conditions.
