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News
Blue Cross expands cover as healthcare costs pressure firms
2+ hour, 9+ min ago (260+ words) Average group premiums are expected to exceed HK$10,000 per employee. Blue Cross (Asia-Pacific) Insurance has launched an upgraded Caring Medical Protection Plus plan for existing group medical insurance members as rising healthcare costs put pressure on employers to manage employee…...
Allianz targets income loss with critical illness cover
1+ week, 6+ day ago (158+ words) Only 37% of Malaysians can fund living expenses beyond three months after an income disruption. Allianz Life Insurance Malaysia Berhad (Allianz Life) has launched a new critical illness plan, HealthCover Prime, designed to support individuals facing income loss during illness recovery....
India insurance uptake lags despite stronger growth
1+ week, 6+ day ago (586+ words) Private life insurers raised their premium share to 43.3% in March 2026 from 38.2% four years earlier. India’s insurance penetration remains relatively slow despite economic expansion, but could be further supported by regulatory changes and increased foreign investment support. The report said India’s…...
Howden launches cancer cover as insurers avoid standalone plans
2+ week, 5+ day ago (166+ words) AstraZeneca employees and their parents gain immediate protection for existing claims. Howden Insurance Brokers India Pvt. Ltd. has designed a dedicated Cancer Care Group Policy, which has been integrated by AstraZeneca India into its employee benefits package. The policy addresses…...
Sun Life Philippines pays $84m in claims in 2025
3+ week, 2+ hour ago (129+ words) Policy maturities added another P3.17b in customer payouts during 2025. Sun Life Philippines paid more than $84.0m (P5.25b) in insurance claims in 2025, which is the cumulative total of claims paid by the insurer and its bancassurance arm, Sun Life Grepa Financial Inc. The insurer…...
Hospital insurance grows as Australia’s coverage reaches 45.6%
3+ week, 4+ day ago (304+ words) Membership expanded across nearly every age bracket during 2025. The number of Australians with private health insurance for hospital treatment rose by 287,393 in 2025, according to data from the Australian Prudential Regulation Authority. A total of 12.69 million people had hospital cover as…...
India insurance premiums to grow 10.7% yearly: Allianz
3+ week, 4+ day ago (444+ words) Average annual spending was only $97.7 per person in 2025. India is expected to become the world’s fastest-growing major insurance market over the next decade, with total premiums rising by about 10.7% a year. India was already among the world’s 10 largest insurance markets…...
Cambodia insurance premiums rise 9% to $35.2m in June 2026
3+ week, 6+ day ago (159+ words) General insurance business expanded 14.22% to $14.4m. Cambodia’s insurance industry recorded gross premiums of $35.23m in June 2026, up 8.72% from $32.40m in the same month last year, according to the Insurance Regulator of Cambodia. General insurance premiums increased by 14.22% to $14.44m, from $12.65m in June 2025. Life insurance…...
Japan forces uninsured verification for medical cover
1+ mon, 1+ day ago (392+ words) Expired conventional cards will no longer be accepted under the temporary measure from August. Beginning in August, insured medical treatment in Japan will only be available to patients with a My Number card registered for health insurance or a special…...
AIA and MediCard combine life and health benefits
1+ mon, 1+ day ago (97+ words) Employers can provide medical access and financial protection through a single package. AIA Philippines and MediCard have launched Group Life + HMO, an employee benefits plan that combines life insurance and healthcare coverage. The plan combines MediCard’s health maintenance organisation (HMO)…...