Positive but slowing economic momentum will support modest global insurance premium growth of around 3% annually in real terms over the next two years, a 1 ppt improvement from 2018, according to the latest sigma report by Swiss Re Institute.
Part-year data indicate that there will be a substantial contraction (-1.8%) in life premiums in China in 2018, due mostly to tighter regulation of wealth management product (WMP) types since the beginning of the year, says Swiss Re Institute in a new sigma report.
The proposed postponement of the implementation deadline for International Financial Reporting Standard 17 (IFRS17) to January 2022 from January 2021 will allow insurers more time to prepare, ensuring there is no impairment of information quality, says S&P Global Ratings.
Pension fund regulator, Pension Fund Regulatory and Development Authority,, (PFRDA) is carrying out an...
Life insurers should be banned from asking consumers whether they have taken a genetic test, according to the...