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UK insurer Prudential says to split into two

Prudential will become a solely international firm, focused on the U.S., Asia and Africa, and will be led by current Chief Executive Mike Wells. Prudential expects Asia’s expanding middle class to continue to drive that growth by fueling demand for more savings and life and health insurance coverage.

China to merge banking, insurance regulators in massive overhaul

The new regulator will be capable of “holding the bottom line to prevent systematic financial risk.The responsibilities of the two separate regulators currently overlap in some areas, leaving regulatory roles unclear, a parliamentary document says.The two regulators will hand off duties such as proposing laws to the People’s Bank of China in a sign that the central bank is beefing up its regulatory role.

Kidney related claims by youngsters on the rise:SBI Gen study

Emerging trends: 
  5% of the total health insurance claims paid are for kidney-related claims.
  The claim amount for diabetes-related kidney ailments has increased from 1.4% to 4% of total claim amount paid from FY 15-16 to FY 17-18.
  Majority of the claims are paid from metropolitan cities while 32% are from non-metro cities. This could be due to the specialized treatment and dialysis facilities available in metropolitan cities.
  66% of claims settled for kidney-related ailments over the last three years are under the non-surgical category, where most of the diseases are managed with dialysis. There has been a year-on-year increase in this since FY 15-16 to FY 17-18.