News
Australia life insurers face 85 proposed code reforms
5+ day, 18+ hour ago (119+ words) CALI will issue its initial industry position by 30 September 2026. Australia’s life insurance industry has welcomed the final report of an independent review into its Life Insurance Code of Practice (Life Code), which contains 85 recommendations aimed at strengthening customer protections. The…...
One million Australians may face a private health tax penalty
1+ week, 18+ hour ago (251+ words) An earner on A$200,000 without hospital cover could owe an additional A$3,000. Around one million Australians are expected to receive a surprise tax bill this year for failing to hold private hospital insurance. The Medicare Levy Surcharge (MLS) is a…...
This week in insurance: Zurich expands home cover, APAC embedded insurance surges, Vietnam reforms health insurance
1+ week, 2+ day ago (447+ words) Australia's RE insurance market remains supportive but is becoming more selective. The insurance industry from 6 to 10 July saw new product launches and partnerships, alongside regulatory changes and market reports highlighting growth opportunities and evolving risks. Zurich Financial Services Australia will…...
Vietnam insurance rules let 62 disease groups skip referrals
1+ week, 4+ day ago (241+ words) Those with serious and rare conditions can go directly to specialised medical facilities from 1 July. Vietnam will introduce new Social Insurance and Health Insurance regulations nationwide from 1 July 2026, covering benefit levels, contribution rates and access to medical services. Under the…...
Vietnam hits 95.2% health insurance coverage
1+ week, 5+ day ago (205+ words) The rate beat the five year target by 0.16 percentage points. Vietnam's national health insurance scheme covered 95.2% of the population by the end of 2025, meeting its five-year target ahead of schedule, according to Vietnam Social Security. The agency announced on 4 February…...
Cigna expands China hospital cover as Hong Kong costs rise
2+ week, 18+ hour ago (143+ words) Residents made more overseas trips in 2025 as medical needs shifted. Cigna Healthcare Hong Kong has adjusted its Cigna VHIS Series – Flexi Plan (Superior) in response to rising local medical costs and an increase in cross-border travel by residents. The changes…...
Tata AIA targets cancer income gap with new cover
2+ week, 4+ day ago (229+ words) The product includes a diagnostic benefit for early stage medical screening costs. Tata AIA Life Insurance has announced the launch of two new products, ‘Sampoorna Care - Cancer’ and ‘Sampoorna Care – Cancer Fund’, aiming to address both the medical costs and…...
Companies rethink health cover as claim costs climb
1+ mon, 2+ week ago (518+ words) MOH rider changes tighten coverage and lift co-payment exposure from April 2026. Rising private medical claims and tighter policy rules are forcing insurers and employers in Singapore to redesign health benefits as medical inflation accelerates and workers face higher out-of-pocket costs....
Singapore companies rethink health cover as claim costs climb
1+ mon, 2+ week ago (513+ words) MOH rider changes tighten coverage and lift co-payment exposure from April 2026. Rising private medical claims and tighter policy rules are forcing insurers and employers in Singapore to redesign health benefits as medical inflation accelerates and workers face higher out-of-pocket costs....
Shriram General Insurance deal pushes protection into smaller towns
1+ mon, 3+ week ago (129+ words) The customer outreach network spans 26 states and more than 13,000 pin codes. Shriram General Insurance (SGI) has partnered with Piramal Finance to improve access to insurance solutions, particularly across semi-urban and rural markets. SGI will use Piramal Finance’s extensive branch network…...