New research out this week from prominent international medical insurance provider William Russell warns that an alarming number of expatriates are currently risking their livelihoods overseas without an adequate life or income protection policy in force.
William Russell carried out a customer survey with over 650 of its expatriate insurance policyholders from all over the world, with questions ranging from coverage tendencies to evolving consumer product and technology attitudes.
Vietnam’s fledgling insurance market is beginning to develop innovative new insurance products that better reflect the country’s increased consumer spending power and corresponding demand for more comprehensive coverage options.
It was announced this week that prominent local travel agent Saigontourist will sign a new cooperation deal with Chartis’ Vietnamese insurance subsidiary to provide improved insurance coverage to buyers of their luxury outbound tours from Vietnam. At a
Provisional market performance statistics released this past week by Hong Kong’s insurance regulatory body, The Office of the Commissioner of Insurance (OCI), show that despite recent market turmoil and ongoing global economic uncertainty, insurance sales maintained a steady growth rate in Hong Kong during 2011, in line with other Asia Pacific markets, as more residents purchased policies for investment and protection purposes throughout the year.
According to the latest figures now available on the OCI website, the Hong Kong insurance industry registered HK$225.8 billion (US$29.1 billion) in gross written premiums last year, which equated to a considerable 9 percent increase over 2010’s provisional results. In
Job prospects can be boosted by those taking gap years.
In the current climate of employment, it can be difficult for people who are leaving school and university in particular to find jobs, as an increased number of older people stay in their jobs for longer.
So, it can be important for those searching for employment to do all they can in order to boost their prospects for when they are graduating and looking for employment opportunities. Read more…
The Vietnamese government passed through the insurance market development strategy for 2012-2020 this past week. The initiative aims to gradually spur the domestic insurance market from a base of 1.6 percent of Vietnam’s GDP in 2010 to 2-3 percent of GDP by 2015 and then hopefully up to 3 or 4 percent of national GDP by 2020.
The Vietnamese insurance industry has grown at a brisk pace in recent years, with total written premiums increasing by around 20 percent annually since moves were made to liberalize the country’s financial markets following Vietnam’s ascension to the World Trade Organization in 2007. Despi
More people now see the positives of holidaying at home.
An increased number of people are now seeing the positives that can be found through taking a holiday in the UK, rather than heading overseas for the summer sun. Thanks to the recession, and the continued squeeze on what people can afford to spend, the trend of staycationing has seen more and more people stay in the UK, and one expert said that this has allowed people the chance to see what the country really has to offer.
According to Peter Hampson, chief executive at British Destinations, said people are now more open to continuing to holiday across the UK in the future, even if they find that they can afford to go overseas again in the future. Read more…