Global Insurance News

News and information on international insurance industry

Insurance companies added only a few customers in the last one year and it was mainly renewal premium which drove collections ever since the eruption of the global economic crisis in September 2008, says SB Mathur, secretary-general, Life Insurance Council.


China’s insurance regulator called on the companies it oversees to tighten risk-management procedures and be alert to potential loopholes.


Most Chinese under medical insurance

China’s basic medical insurance system covers more than 1 billion of the country’s 1.3 billion population, a report issued by the Ministry of Health has said.


China’s insurance regulator is drafting rules on insurance capital’s equity investment and expects to launch it in the first half of this year.


The government is planning to introduce a long-term care insurance program in the country in 2010 in an effort to improve the well-being of senior citizens, Premier Liu Chao-shiuan said Thursday.