China will represent the most significant factor in insurance growth in the coming years though profitability will remain under pressure as long as interest rates remain low, Swiss Re said in its latest sigma report.
(Re)insurers continue to prioritise investing in technologies with potential applications to their core reinsurance business, according to Willis Towers Watson's (WTW) latest edition of its Quarterly InsurTech Briefing.
Insurance companies in Vietnam collected VND58.6tn ($2.6bn) in premiums in the first half of this year, up nearly 24.4% year-on-year, according to data from the Insurance Supervisory Agency under the Finance Ministry.
Inflation data from Statistics New Zealand indicate that home, car and contents insurance premiums have been soaring in the country.
With increasing attention being paid to the Chinese market, we bring you a special report from Mr Eddie Xu, our correspondent in Beijing on the current state of changes in the insurance market of China.
The system of insurance for government buildings should be reformed and developed, according to insurance expert, Mohamed El Maghraby.
Insurance broker Hamdi Abdel Mawla has called for reform of the Livestock Insurance Fund, which is under the Ministry of Agriculture.
The main group of non-life insurance customers in China is formed by those aged 26-45, with 79.9% of those in this age bracket having purchased insurance cover, according to a report issued by Insurance Association of China and iResearch Consulting Group.
The much-hyped merger of the three state-owned non-life insurance companies -- National Insurance, Oriental Insurance and United India Insurance -- is likely to be effected after next March.
The P&C insurance sector in China chalked up total premiums of CNY496.2bn ($74.4bn) from January to May, according to the latest data from the CBIRC.