China’s insurance premium income came to CNY 676.76 billion from January to May, according to data issued by the China Insurance Regulatory Commission on June 27 (CIRC). Earlier data released by the CIRC showed that insurance premium income got at CNY 570.8 billion in the first four months and CNY 105.9 billion in May. Original [...]

The nations largest retailer, Wal-Mart, recently announced  it will provide free legal support for Medicaid patients and their families. This is the first time in the companys history that it will be interacting with the governments public health insurance system in this way. Wal-Mart Partners with Arkansas Childrens Hospital Wal-Mart has announced it will be [...]

Ping An Insurance (Group) Company of China (SHSE: 601318, SEHK: 2318) states that its property insurance unit won a regulatory approval to increase registered capital from CNY 5 billion to CNY 17 billion. While ensuring rapid growth of Ping An property insurance business, the capital expansion will meet requirements on insurance capacity and maintain solvency [...]

Soaring increases in premiums and profits of the health insurance industry have prompted the Obama administration to require insurers to justify proposed rate increases of more than 10 percent. Insurance companies would be required to begin disclosing their justifications as soon as next year. Procedures to Scrutinize Premiums Set in Place Kathleen Sebelius, the secretary [...]

Only 2% of the UAE residents rely on the state pension – the lowest in the world – compared with the global average of 16%, according to a survey conducted by HSBC. The survey, based on interviews with over 17,000 respondents in 17 countries, also shows that nearly 43% of UAE residents do not have [...]