Reporting a 2009 net profit of US$1.62 billion (EUR 1.19 billion), chiefly due to the profitable performances of its remaining insurance operations, Fortis also announced its re-branding strategy which aims to reflect the transformation it went through during the past year that made it a focused insurance company.
Indian company, Bharti AXA General Insurance Co. Ltd. announced on the eve of International Women's Day (March 8th) that they will be offering a 10% discount for all health insurance products for women all over the country. "The purpose of our Women's Day special promotion is to express our support to women across the country…
The Insurance Authority of Hong Kong is said to be analysing the potential impact to the local insurance market resulting from the combination of AIA and Prudential. Of particular interest, whether this deal could diminish the choices of insurance products and services in the market, and what impact would it have to policyholders of the two insurance companies.
An agreement between Implantable Provider Group (IPG) and Blue Cross and Blue Shield of Florida, Inc. (BCBSF) has been reached for IPG to serve as the designated implantable device management vendor for the extensive provider network of BCBSF.
The much-anticipated public consultation on "Healthcare Finance Reform" to be launched on the second half of this year is starting to generate attention towards some of the main issues to be addressed, among which is the possibility of the Hong Kong Government implementing a company to provide medical insurance for cases where private insurers may not be able to provide a "reasonable cover" to policyholders.
The federal government is trying to rally support behind a bill in the Australian Senate which would impact private medical insurance rebates for some Australians. The proposal seeks to rule out a 30% rebate on private medical insurance policies for any individuals earning over AUD$75,000 and families earning over AUD$150,000 annually. The Treasurer for the Labor government is saying this measure…
As part of CIGNA's continued efforts to expand its international business base, it counts now with a network of 4,000 hospitals and clinics in Russia, as per announcement released early this week.
The existing requirement for Expatriates living in Japan to provide proof of current or future enrolment in the country's national health insurance system to renew or apply for a visa with validity longer than one year will become compulsory starting from the 1st of April, 2010.
CIGNA International has announced an initiative to develop and distribute individual private medical insurance on the international stage. Currently, CIGNA only offers international private medical insurance to corporations and group customers. The new business plan will open up new markets of potential clients as they aim to sell private medical insurance to…
Amidst the global debate on healthcare reform, Hong Kong has waded into the fray with a proposed "voluntary medical insurance" scheme aimed at alleviating the massive financial burdens faced by the city's public healthcare network. The issue was first raised in late 2008, following in the wake of the Global Financial Crisis, and has now reached the penultimate stage of industry level discussion before…
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