Bangladesh: 400 applications received to set up new insurance companies
Bangladesh's Finance Ministry has been swamped with hundreds of applications to launch new private insurance companies in the country, reports the Financial Express. Among the applications, 90% are for life insurance companies and the rest for non-life.
South Korea: Unclaimed insurance sums approaching US$360 mln
The amount of insurance sums left unclaimed by customers in South Korea is reaching 400 billion won (US$358.5 million), reports Arirang News citing the General Insurance Association of Korea.
India: Temples turn to insurance
Cash-rich and gold-laden temples across India are seeking somewhat less divine intervention to protect their riches: From priests, pilgrims, ornaments, buildings, elephants and even cattle inside temple premises, the insured list is quite extensive, reports the Business Standard.
Japan: Pet insurance gaining popularity
More pet owners in Japan are taking out pet insurance to mitigate the expenses of caring for their pets which are living longer these days thanks to advances in medical technology, reports Kyodo News International.
Asia Insurance Review 21st January 2011
No comments:
Post a Comment