The top 15 unlisted life insurers in mainland China captured more than 80% of the total profits of 58 such insurers in the first half of this year, highlighting the intense concentration in the sector.
The operating performance of China United Property Insurance Company (CUPI) remains adequate, delivering an annual return on equity at mid-single digit over the past five years, notes AM Best.
China is directing a greater share of newly added national medical insurance funds towards primary healthcare institutions as part of efforts to reduce patients' out-of-pocket costs and strengthen community-level healthcare.
Hanwha Life Insurance is rolling out Microsoft's generative AI solution M365 Copilot across its workforce as it seeks to accelerate AI-driven operational transformation.
India is considering a series of health insurance reforms aimed at curbing rising healthcare costs, improving pricing transparency and streamlining claims, according to sources familiar with the discussions.
HSBC has initiated a reorganisation of its insurance business, HSBC Insurance (Asia), in the wake of CEO Mr Edward Moncreiffe's departure.
Manulife has appointed Mr Jeremy Young as Chief Distribution Officer, International Brokerage, Global High-Net-Worth.
Canada Life Re has announced the formation of its new regional office in Singapore, and appointed Mr Wil Chong as CEO to lead the entity.
More than half of Taiwan's older adults are either eating alone or dining only with other older people, while many say they tend to eat whatever is convenient when they have no one to eat with, according to a new survey highlighting the challenges of healthy eating in Taiwan's rapidly aging society.