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Malaysia to ease foreign ownership rule for insurers

By: Pedro Goncalves | 18 Oct 2018

Malaysia is getting ready to review its foreign ownership rule for insurers as the new goverment looks to roll back several of the previous economic reforms that…

UAE launches low-cost insurance initiative for workers

By: Christopher Copper-Ind | 15 Oct 2018

The United Arab Emirates today launched a low-cost insurance system with the aim of ensuring long-term employee protection and pump AED14bn (US$3.8bn) back into the system. As…

Nexus launches online offering for instant life cover in the UAE

By: Christopher Copper-Ind | 09 Oct 2018

Nexus, the largest financial adviser in the GCC region, has teamed up with Zurich International Life to offer instant life insurance online with no medical check needed.…

Lombard Int’l launches new protection solution for HNWIs

By: Christopher Copper-Ind | 04 Oct 2018

Lombard International Assurance, a global provider of wealth planning solutions for high net worth individuals and institutions, today announced the launch of its International Life Plan. This…

Hong Kong raises the standard for insurance intermediaries

By: Pedro Goncalves | 02 Oct 2018

Insurance intermediaries are in for a change as Hong Kong’s Insurance Authority (IA) is overhauling the industry requirements as it gets ready to oversee these professionals. The…

Zurich to acquire 80% stake in Indonesia’s Adira for $414m

By: Pedro Goncalves | 27 Sep 2018

Zurich Insurance is acquiring an 80% stake in Indonesia’s Adira Insurance from PT Bank Danamon Indonesia and a minority investor for about $414m. “Zurich has earmarked Asia…

51% of UAE residents do not have life insurance: Survey

By: Pedro Goncalves | 27 Sep 2018

More than half of the UAE residents do not have a life insurance coverage while one-fourth are covered against serious illness as many of them found it…

Australian fund admits wrongdoing to ASIC

By: Pedro Goncalves | 24 Sep 2018

A A$52bn industry superannuation fund admitted to inadvertently breaching the rules in a report filed with ASIC. The misconduct involved REST continuing to deduct insurance premiums when…

Now Health Int’l launches digital insurance product for expats

By: Christopher Copper-Ind | 20 Sep 2018

Now Health International Group, a provider of international private medical insurance (IPMI) headquartered in Hong Kong, has launched a new digital product to serve the next generation…

UK regulator closes investigation into life assurance providers

By: Christopher Copper-Ind | 19 Sep 2018

Britain’s Financial Conduct Authority (FCA) has today announced that its remaining investigations into firms, following its thematic review into the fair treatment of longstanding customers in the…

AIG upgrades term product to support IHT planning

By: Gary Robinson | 19 Sep 2018

US insurance giant AIG Life has revamped its term assurance to help individuals cover their inheritance tax (IHT) liabilities. AIG said in a statement announcing the move…

Now Health Int’l launches new digital product for next generation of expat

By: Christopher Copper-Ind | 17 Sep 2018

Now Health International Group, a leading international private medical insurance (IPMI) provider, has today announced the launch of a new mid-tier, completely digital product that is designed…

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