Allianz assumes that global economic growth will remain subdued this year and next. "We expect GDP growth to slow further to 2.4% in 2020 from 2.5% in 2019. However, from the second half of 2020, we expect the pace to accelerate again and forecast that the global economy will grow by 2.8% in 2021. Political uncertainties remain, but they are unlikely to reach the record levels of 2019," said Ludovic Subran, Chief Economist of Allianz SE. Against the background of this growth scenario, Allianz expects global insolvencies to increase by 6% in 2020, after 9% in 2019
Mrs Ritu Nanda, one of India's legendary insurance agents, passed away on the 13th of January after a long battle with cancer.
Mr Delon Choo has assumed the role of Chief Executive Officer of AIA Financial Advisers (AIA FA), with effect from 23 December 2019, said AIA Singapore today (16 Jan).
Manulife Indonesia introduced its technology-driven service initiatives at its first media gathering in 2020 attended by national journalists both from online and print media.
China Taiping Insurance (Singapore) ("CTPIS") has launched its first universal life plan, Infinite Universal, on the first anniversary of its life insurance business.
As part of its commitment to transforming from a payer to a true health partner, AXA is enabling better access to mental health and well-being support in Asia. Its latest milestone is the launch of the "Mind Health" programme in Hong Kong, the first employee mental healthcare scheme in the market and one that draws on the company's health expertise to deliver improved outcomes for customers.
AXA Insurance has launched AXA Cancer ReCover - a protection plan specially designed for cancer survivors.
China Life Insurance (Singapore) Pte. Ltd. ("China Life Insurance Singapore") has announced Mr Lin Xiangyang as its Chief Executive with immediate effect.
Singlife has appointed Samantha Ghiotti as its Deputy Chief Executive Officer (CEO), effective immediately. The appointment comes as Founder and CEO, Walter de Oude strengthens Singlife's leadership team and prepares for expansion across key markets in Southeast Asia.
A new year, a new start. For those who achieved your goals, a big kudos to you. For those who fell a little short from reaching your targets, don't lose hope. There's no need to beat yourself up or feel devastated. Because it is okay to fail, and here's why:
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