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ICBC-AXA Life marks a major first in Shanghai

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 Insights

17-May-19 ICBC-AXA Life has opened a wholly-owned asset management subsidiary in Shanghai, making it the first insurance asset management JV in China after the government announced the further opening up of the insurance industry. [image: Asia Times]

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Philippines remittances hit 5-month high in March 2019

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 Insights

16-May-19 The Bangko Sentral ng Pilipinas reported a 6.6% increase in remittances sent by overseas Filipino workers in March 2019 over 2018. The growth pushed actual dollar inflow to the country to USD2.5 bn during that month alone. [image: Business Mirror]

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Asia’s record remittances show globalization alive and well

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 Insights

02-May-19 Foreign remittances to Asian countries hit USD300 bn for the first time in 2018, underscoring the ever-rising importance of overseas employment for the region. Major recipients such as Pakistan and the Philippines have GDPs only slightly bigger than that. [image: World Bank staff estimates, World Development Indicators, IMF Balance of Payments Statistics /  Asia Times]

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Egypt to introduce new comprehensive health insurance

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 Insights

22-Apr-19 Egypt will begin a rollout of its new comprehensive health insurance system in July 2019, to be rolled out over a 15-year period. the World Bank pledged USD530 million to a five-year initiative aimed at improving healthcare standards. [image: Reuters / Mohamed Abd El Ghany]

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