News

Japanese firms foray into Myanmar's highly uninsured market

Tokio Marine Holdings and Mitsui Sumitomo Insurance are amongst the firms seeking entry into Myanmar.

Hong Kongers still $480,000 short to afford retirement living: study

The median of current individual total assets is only $96,000.

Thailand unveils insurance policy for tourists

Premiums start from $13 per trip, up to seven days.

Hong Kong's Voluntary Health Insurance Scheme goes live

Features include coverage extended to unknown pre-existing conditions and no limitations on ‘lifetime benefit'.

China OKs first JV firm in pension insurance sector

The country is gearing up to embrace more overseas-funded players to engage in its financial market.

Insurance payments for migrant workers in Korea surged 75% to $349.61m in 2018

Korean law requires all foreign workers, especially those with E9 or H2 visa, to be insured.

Philippine life insurance premiums jumped 20.4% to $3.32b in 9M2018

Premiums from variable life insurance products hit $2.48b.

Indonesia life insurance premiums down 5% to $13.05b in 2018

Income from the bancassurance channel took a hit.

Korea to tighten health insurance for expats

Foreigners with delayed insurance payments will face visa-related penalties by May.

87.7% in Vietnam covered for health insurance

Vietnam has paid $1.69b worth of insurance benefits in the first two months of 2019.

China to eclipse US as world's largest insurance market by 2030s

The CAGR hit 16% for the non-life segment and 17% in life from 2013-2017.

One in 10 Hong Kong SMEs do not have insurance protection: survey

Only a fifth of SMEs have insurance protection against business interruptions.

Vietnam to boost life insurance coverage to 15% by 2025

Only 8% of the population currently has a life insurance plan.

Insurers gear for Hong Kong's $1.27b national health insurance programme

The Voluntary Health Insurance System will offer $1,000 in tax benefits to lure residents.

Chinese insurers premium income up 24% in January

Premium income hit $126.61b at the start of the year.