Live Insurance News

Critical illness insurance coverage to expand in China

August 6, 2015August 4, 2015 Julie Campbell

Beijing china health critical illness insurance

The country intends to broaden its current protection to include rural and urban residents by the end of 2015. China now has intentions to expand its critical illness insurance to the point that it will include all types of diseases within that category, and it will apply to residents of both rural and urban areas. The goal in the country is to have this new wider insurance coverage in place by the end of the year. The government recently made this official announcement and stated that the expansion of critical…

China to expand its expansive health insurance plan

July 29, 2015July 28, 2015 Marc

Expansion will provide coverage for those with critical illnesses China has plans to expand its health insurance system in order to provide better coverage to those with critical illnesses that are living in rural and urban areas. By the end of the year, all those living in these areas will receive critical illness protection from the country’s health insurance system. At the end of last year, approximately 1.3 billion people were enrolled into the national system, which has provided these people will access to medical care. New plan will help…

Berkshire Hathaway Specialty Insurance makes two critical appointments in Asia

February 26, 2015February 24, 2015 Julie Campbell

The company has now announced its hiring for two key underwriting team leadership positions in that market. Berkshire Hathaway Specialty Insurance (BHSI) has now announced that it has made two important appointments for the leadership positions in its Asian underwriting team, as the Asia regional head of first party lines position was filled by Malin Fredriksson, and the Asia regional head of engineering and construction is now Kiran Prakash. Both of those positions are located in Singapore and will be integral to the company’s presence there. Fredriksson has joined Berkshire…

China’s insurance industry is surging

February 26, 2015February 24, 2015 Nordstrom

china newspaper mobile life insurance products

Insurance industry is experiencing rampant growth as more consumers purchase coverage China’s insurance industry is experiencing a period of rapid growth, according to the China Insurance Regulatory Commission. The organization has released information that showed that the country’s insurers have recorded a total premium income of $320.5 billion in 2014. Premiums revenue has grown by 17.5% last year, the highest margin it has grown by in the past three years. The insurance industry has been experiencing a surge as more people purchase coverage in several different sectors. Consumers are using…

Bank deposit insurance draft rules launched in China

December 3, 2014December 1, 2014 Julie Campbell

The anticipated regulations for the upcoming system in the country has now been released in its draft form. China has now created the draft regulations for the introduction of a system of bank deposit insurance coverage for the very first time within that country, in one step among many that could be very meaningful in terms of liberalizing its interest rates and to give its financial institutions the ability to compete commercially for customers. The launch of these draft rules for the insurance program arrived shortly after it was revealed…