General news

Most US young adults suffer mentally during pandemic
In the US, about 60% of young adults lost their jobs or lived with someone who did since the outbreak of the pandemic and nearly 40% expected to lose their job in the next month - shining the spotlight on health insurance policies for this group.
COVID-19 patients at risk of mental health problems
Many COVID-19 survivors are likely to be at greater risk of developing mental illness, psychiatrists said on Monday, after a large study found 20% of those infected with the coronavirus are diagnosed with a psychiatric disorder within 90 days.
Australia updates unfair contract term protection
The Australian Securities and Investments Commission (ASIC) has updated its information sheets on unfair insurance contract terms protections for consumers and small businesses, following the government’s enactment of the Financial Sector Reform Act 2020.
Interbrand releases Best Global Brands 2020 report
It’s once again time to reveal the world’s top 100 brands, courtesy of the Interbrand Best Global Brands Ranking.
Global M&A market marks positive performance
Despite the impact of the COVID-19 pandemic on dealmaking, the global M&A market has recorded its first positive performance in three years for completed deals, according to a report by Willis Towers Watson.
Pandemic overtakes climate change as top risk
The ranking of pandemics and infectious diseases shot up to the top spot for 2020, with 56% of the over 2,700 risk experts surveyed naming it as a major emerging risk. In 2019, it was in eighth place, mentioned by only 23% of experts.
China to revamp basic medical insurance system
The restructuring initiative marks the first revision of the 22-year-old scheme covering urban employees— one of the key pillars of the country’s state-backed social safety net. Changes discussed for more than a decade will alter how billions of yuan of contributions will be managed and spent.
Ecclesiastical launches online hub for education clients
Specialist insurer Ecclesiastical has launched an online hub to help its education clients manage strategic and operational risks.
Latest developments in China’s healthcare industry
South China Morning Post (SCMP) has released its China Healthcare Report 2020, which features the latest innovations and trends expected to impact the global market, as well as reforms that will reshape the country’s domestic healthcare market.
Hong Kong passes tax cut for certain insurers
The Hong Kong Legislative Council has passed a measure that will reduce profits tax on several insurance businesses, a move that seeks to grow the insurance sector by stimulating investment.