Call Us +852 3113 1331
Dec
22

The Insurance Industry: Mergers and Acquisitions 2010

A number of Mergers and Acquisitions (M&As) between insurance companies have been implemented during 2010 in a bid to strengthen business activities in both mature and emerging markets. These developments have taken place as insurers strive to capture an increase in profitable markets and penetrate new markets to capitalize on shifting global demands. The M&As implemented are planned to facilitate…

Read more

Dec
14

US Study: Low Compliance of Mammogram Screening Among Insured Women

Breast cancer is the most common form of cancer among women, accounting for around 16 percent of all female cancers. It kills around 519,000 women every year, worldwide. A recent US study, conducted by the Medco Research Institute, reveals that only half of insured women aged over 40 are claiming annual…

Read more

Dec
09

Venezuela Government Audits the Private Healthcare System

Venezuela's private health system is currently undergoing an audit after allegations surfaced that insurance companies, and private health service providers, are putting their profit before the health of its members. The audit will be carried out by Venezuela's Public Defender´s Office, Institute for the Defense of People's Access to Goods and Services…

Read more

Dec
03

Insurance in the US Post Reform

The US Health Reform law mandates that by 2014, US citizens must have health insurance coverage or otherwise pay a hefty US$695 annual fine. It is estimated that the Health Reform will reduce the number of the uninsured from 19% of US citizens in 2010 to 8% by 2016. The Health Reform law imposes new regulations and fees on insurers, and although it expands coverage to the millions of uninsured Americans,…

Read more

Nov
24

Record Growth in Australia's Private Health Insurance Market

Australia's public health system, Medicare, provides a substantial cover of healthcare treatment. However the public health system is currently under threat. There is a shortage of medical staff, hospital beds, and medical facilities such as brain scans. Patients under the public health system are therefore having to endure considerably long waiting lists. Medicare was introduced in 1983, allowing…

Read more

Oct
27

New York Life Selling Two Asian Life Insurance Operations to ACE Group

New York Life Insurance Company has signed an agreement with ACE Group for the sale of two of New York Life's Asian life insurance operations for US$ 425 million. The deal will see ACE purchase two of New Your Life's wholly owned life insurance subsidiaries in Hong Kong and South Korea, where ACE Group already has property and casualty insurance operations. ACE Group will incorporate the newly purchased…

Read more

Oct
20

South African Health Minister Suggests NHI Compliance Regulatory Body

In order to ensure that hospitals comply with the accreditation requirements to be eligible as suitable facilities, set under the proposed National Health Insurance (NHI) system, the Health Minister of South Africa, Dr. Aaron Motsoaledi, is said to have plans to institute a regulatory body that will ensure such compliance.

Read more

Oct
15

Some Expatriates Find Healthcare Abroad Unsatisfactory

Bupa International, a leading international insurance provider from the United Kingdom, has recently published the results of a survey the company conducted to determine the level of satisfaction with the healthcare provided to expatriates living abroad. The survey revealed that from the more than one thousand expatriates participating in the survey, a surprising 20 percent felt that their health deteriorated after having moved overseas.

Read more

Oct
12

Vietnamese Insurance Market To Be Driven Up by Non-Life Segment

A research report entitled "Vietnam Insurance Sector Forecast to 2013" by RNCOS, an India-based market research and information analysis company, predicts that the growth in the insurance market in Vietnam will continue being dominated by the non-life insurance segment, which currently accounts for more than 50 percent of the insurance market. The report projects a Compound Annual Growth Rate (CAGR) of around 25 percent between the years 2010 and 2013.

Read more

Oct
11

ACE Group Announces Acquisition of Jerneh Insurance in Malaysia

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).

Read more