Meiji Yasuda Life Insurance Company has announced that its US subsidiary StanCorp Financial Group has reached a $2-bn agreement with The Allstate Corporation, a major US property and casualty insurance company.
The Insurance Regulatory Commission of Sri Lanka (IRCSL) has announced plans to implement reforms aimed at strengthening the stability and resilience of the local insurance industry, as the sector grapples with economic challenges that have stalled its growth.
Taiwan's financial services sector has reduced its exposure to mainland China in the wake of uncertainties arising from the political and economic situation across the Taiwan Strait and the on-going Sino-US trade war.
The overall turnover of the six Tunisian (re)insurers listed on the Tunis bourse amounted to TND835.16m ($270.87m) in the first half of 2024, an increase of 10.3% compared to the corresponding half in 2023.
Bahrain National Holding (BNH) has received a binding offer from Solidarity Group Holding for the acquisition of 100% of its wholly-owned insurance subsidiaries, BNH says in a stock exchange statement.
The insurance industry in Sri Lanka, as is the case with other economic sectors in the country, is poised to benefit from the ongoing economic recovery, Dr P Nandalal Weerasinghe, the governor of the Central Bank of Sri Lanka, has said.
Singapore's life insurance industry achieved a total of S$2.86bn ($2.16bn) in weighted new business premiums for 1H2024, an increase of 30.4% compared to the corresponding period a year ago, announced the Life Insurance Association, Singapore (LIA Singapore).
Giant life insurer, Dai-ichi Life, demonstrated a mixed financial performance in the first quarter of the current fiscal year which started on 1 April 2024 (FY24). The company faced a decline in premium income but saw improvements in other areas, including investment income and core profit, says CreditSights, a FitchSolutions company.
Health insurance claims for seasonal illnesses have risen by about 150% in recent years, according to a study of reported claims by the digital insurance platform Policybazaar.
The Life Insurance Association (LIA) of Taiwan has been working to expand its digital services since the launch in 2020 of a one-stop InsurTech sharing platform for applying for insurance services.