The Galen Centre for Health and Social Policy, an independent public policy research and advocacy organisation based in Kuala Lumpur, says that a co-payment option in health insurance could expose households to financial catastrophe.
Life insurance premiums in emerging markets, including those in Asia, will grow by 7.2% in real terms in 2024, with just 1.5% aggregate growth in advanced markets, says Swiss Re Institute (SRI).
Asia as a whole, including Australia and New Zealand, accounted for 24.5% of global premium volume in 2023 (2022: 25.5%), says Swiss Re Institute (SRI) in its report titled "World insurance: strengthening global resilience with a new lease of life", released yesterday.
Hollard International, part of South Africa's largest privately owned insurance group, and Absa Group, one of Africa's largest diversified financial services groups, have reached agreement for the sale of Absa's insurance businesses in Mozambique, Botswana and Zambia.
Wafa Life Insurance Egypt, a subsidiary of Wafa Assurance that is one of Morocco's biggest insurers, has launched coverage for corporate clients to expand its operations.
The agency channel in Cambodia is generating more premiums as insurers try to reduce their dependence on the bancassurance channel.
The Indian government is likely to introduce a Bill seeking amendments to the Insurance Act, 1938, during the Budget session set to begin on 23 July.
Bupa has introduced an integrated cancer care support system: "Cancer Care" that supports patients who suspect or are given a positive cancer diagnosis to navigate the challenging world of cancer care with more clarity and support.
India's top life insurer, Life Insurance Corporation of India (LIC) has partnered with strategy consultant A T Kearney to undertake an agency transformation project aimed at future-proofing its 1.4m agents to meet the rapidly evolving needs of customers.
India's life insurance sector saw a 14.8% y-o-y increase in premiums in June 2024, reaching INR42,434 crore ($5bn), with significant improvements in both premium collections and policy issuances. The performance highlights a strong and growing demand for life insurance in India.