A recent forecast report by Swiss Re predicts that both life and non-life insurance lines in India, and indeed in many emerging economies, will see larger growth coming…

Nippon Life Insurance Company, Japan's largest life insurer by revenue, has announced plans to expand overseas and invest €500 million (US$725 million) in a unit of Allianz SE, with the transaction expected to close later in the week. This deal marks the Japanese company's first investment in a European peer, and it is also the first time that the German insurance giant has issued contingent capital…

A new report published today by Standard & Poor's (S&P), the foremost worldwide insurance rating and information agency, affirms the life insurance industry outlook in the Asia- Pacific region as generally stable, although it warns short-term investment risks may arise. S&P now assert that the pronounced economic development in the region combined with macro regulatory improvements regarding solvency…

Sun Life Financial Inc reported that life insurance sales had fallen by 25 percent overall in its key Asian growth markets.

Patients seeking private medical treatment in India will no longer be faced with an upcoming 5 percent service charge. India's federal government last week announced the rollback of the planned tax on health-care services after encountering substantial pressure from opposition political parties, the healthcare industry as well as the general public. Giving his general budget speech before Parliament,…

Aon Benfield, the US-based reinsurance intermediary and capital advisor, asserts that whilst the United States will continue being hit by "Supercat" events - catastrophic events that cause a minimum of US$10 billion (EUR 7.2 billion) damage in insured losses, - insurers should heed its warning that Asian countries may experience such events in the foreseeable future.

Aetna, one of the leading global healthcare benefits companies, has announced the appointments of Hocking Cheng and Derek Goldberg as Managing Director of Greater China and Managing Director of South-east Asia, respectively. In these new positions, Mr. Cheng and Mr. Goldberg will oversee the development and execution of growth strategies aimed at further expanding the international business of the company in the Asia Pacific Region.

ACE Group, the global group of insurance and reinsurance companies based in Switzerland and listed in the New York Stock Exchange, has announced the singing of an agreement which will see the group acquire a 100 percent stake in Jemeh Insurance, the general insurance company majority-owned by Jemah Asia in Malaysia, for an estimated US$200 million (EUR 143 million).

Allianz SE, the holding company of the German insurer Allianz Group, is strategically aiming to drive their business growth by targeting the insurance markets of China and India, boosted by revenue generated by the sale of both life and non-life insurance products.

AIA Group Chief Marketing Officer, Chris Wei, recently communicated that Asia is the global leader in terms of growth in the life insurance market. According to figures released by Mr. Wei, the annual growth rate of life insurance premiums in Asia is 17 percent, compared to 11.6 percent in Europe and 4.9 percent in North America. These figures were shared with the Financial Services Council of Australia in a conference in the city of Melbourne.