Call Us +852 3113 1331
Jun
15

Indonesia and Singapore: hot spots for latest insurance developments

The Asian insurance markets continue to witness positive changes in the insurance industry in the form of Swiss giants Ace finalizing agreements for an Indonesian acquisition and the Aetna group expanding its products within the Singaporean market. Zurich based Ace Group was established in 1985 when it was created by its policyholders to provide excess liability and directors and officers coverage.…

Read more

Jun
13

International Private Medical Insurance Market Sees New and Enhanced Plans

A number of new developments in the International Private Medical Insurance (iPMI) market were announced recently, which will see at least two internationally renowned insurance providers enhance the scope of their available coverage options. ALC Health has expanded and improved the coverage and benefits of the international health plans in their Prima line of products. Meanwhile Clements Worldwide,…

Read more

Jun
12

Eurozone troubles reflected in latest A.M Best ratings

As the Euro zone debt crisis continues to take its toll on economies and industries, some European insurers may be experiencing a decrease in their solvency ratios and recent credit ratings appear to be reflecting this as a result. Low interest rates and unstable markets have impacted the means by which insurers generate their income, and whilst Europe's top 20 insurers are currently maintaining stable…

Read more

Jun
08

Asian markets continue to show promise

As Europe remains to be a place of economic uncertainty, Asia continues to provide Health insurers opportunities for investment and expansion. Asia is home to the largest number of high net worth individuals and with 3.3 million people now owning liquid assets worth at least USD $1 million, the continent has overtaken Europe and is second only to North America in terms of wealth. Several of the less…

Read more

Jun
05

Negotiations under way to regulate China's Social Insurance Law for expats

On October 15th 2011, China's Ministry of Human Resources and Social Security put in place new regulations which required foreign employees working in China to contribute to the country's Social Insurance System. The regulations stated that foreign employees would have to register after employment and start paying towards five types of insurance policies, including basic pension insurance,…

Read more

Jun
04

International Insurers Refine Health Plans

Two international health insurers have made minor adjustments to their health plans. Both AXA PPP International and Now Health international have made changes, mostly to their international group health insurance plans, in order to increase their appeal to corporate customers. Now Health International has moved to modify their mid-range group insurance plan, WorldCare Advance, to offer routine dental…

Read more

May
25

Insurance companies continue to struggle under European debt crisis

As the European debt crisis continues to take its toll on affected countries, numerous companies are revamping their businesses strategies to keep their heads above the waves. Britain's second-biggest insurer, Aviva, has increasingly felt the impact of Europe's unstable economy and recently came under fire when its large exposure to the eurozone crisis contributed to a drop of 38 percent in share…

Read more

May
25

Arab Orient Insurance Company teams up with Bupa International to offer quality healthcare in Jordan

Established in 1996, Jordan based Arab Orient Insurance Company is currently one of the leading providers of general insurance in the Middle East.
Operating as a subsidiary of Gulf Insurance Company, AOIC prides themselves on reliability, quality and superior customer service and believes these characteristics have helped them to dominate the competitive market whilst showing consistent growth…

Read more

May
21

Zurich international business expands

Swiss global insurance giant, Zurich, is on a profitable track this year, with positive results coming in from the First Quarter reports.
The group reported a total business operating profit of US$ 1.4 billion for the First Quarter of 2012 with an operating profit increase in the General Insurance sector of US$ 567 million to US$ 856 million.
It appears that Zurich may be overcoming difficulties…

Read more

May
18

Aviva undertakes a strategic review

London based insurance company Aviva is now the sixth largest insurance group worldwide and the largest provider of life and general insurance in the United Kingdom. Despite having a strong start to the year so far, Aviva will be undertaking a much needed strategic review of its businesses to aid the company in its recovery after the departure of Chief Executive Officer Andrew Moss. Moss, having…

Read more