Residents in developed cities in Continental China are starting to show less interest in buying insurance products and it is expected that the leading insurance groups will set their sights this year to capitalise in the development of the central and western regions of the country.
On the 23rd of March, 2010, the President of the United States Barack Obama signed the Patient Protection and Affordable Care Act (H.R. 3590) into law. As part of the President's efforts to reform healthcare in the United States, this bill marks the biggest change to federal healthcare laws in decades. But what does the bill contain and what effects will the new law have on people? The…
By selling about one third of its remaining stake in Industrial & Commercial Bank of China (ICBC) Ltd., Allianz SE the biggest insurer in Europe, has made a profit of US$545 million (EUR 400 million).
The results of a global study conducted by Microbiologists from the University of Hong Kong has found a link between infections and acupuncture performed with poorly sanitised needles. According to this research, these findings appear to be just the beginning of more reported cases of infections since the 1970s, including hepatitis B and C and HIV.
CIGNA International Expatriate Benefits has broadened its African healthcare network with 47,000 healthcare facilities on March 17, 2010. The new additions to CIGNA International's healthcare facility network is part of its unveiling of CIGNALinks Africa which opens in Morocco, Tanzania, Kenya and South Africa; taking their network of health facilities…
Citing a strong recovery in investment performance along with growth in its life insurance segment, the Italian Generali Group reported a 52.1% rise in 2009 net profit, which amounted to EUR 1.31 billion (US$1.783 billion) compared to EUR 861 million (US$1.172 billion) in 2008.
UK based international insurance company Aviva plc has come to an agreement with PT Asuransi Wahana Tata to purchase a 60% share of PT Asuransi Winterthur Life Indonesia (WLI). This is the first time Aviva has entered the Indonesian market and comes amidst heightened global interest in the Asian insurance industry. Once the deal is finalized and Indonesian regulatory approval is given for the venture,…
Members of à la carte healthcare, Ltd. (ALC Health) will gain online access to the contracted community of doctors and hospitals in 180 countries that Highway To Health, Inc. (HTH Worldwide) has nurtured over 12+ years of operation. Through the proprietary mobile and online medical assistance tools developed by HTH Worldwide, travellers can search for and conveniently access top quality medical providers all over the world.
Once the ink dries on the deals for AIG to divest American Life Company (ALICO) and American International Assurance Company (AIA), there will be a stakeholders shift in the Life Market in Asia, as observed by market analysts.
Aviva UK Health has added another product to its group risk lineup, with the new group critical illness insurance product giving it one of the broadest ranges of policy options in the top four group insurers. Aviva said the new product was in response to customer demand for cheaper benefits for employees that can be included in a flexible benefits scheme…
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