Sunday, November 19, 2017

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AIA launches HK’s first blockchain-enabled bancassurance

AIA launches HK’s first blockchain-enabled bancassurance

The technology will cut the time it takes to process insurance applications while improving transparency.

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Insurers in Malaysia target local capital

Insurers in Malaysia target local capital

Global insurers are aiming to comply with the June 2018 deadline to achieve a 30% local shareholding.

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Asia drives Prudential’s new-business profit

Asia drives Prudential’s new-business profit

Higher sales volumes and a boost from higher interest rates have driven results so far this year.

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Moody’s welcomes China’s removal of foreign ownership cap

Moody’s welcomes China’s removal of foreign ownership cap

The new regime is credit positive for both foreign and domestic life insurers, says the rating agency.

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Manulife appoints Singapore CEO

Manulife appoints Singapore CEO

Khoo Kah Siang joins from Great Eastern and will take up the role in February next year.

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HK to collect levy from insurance policyholders

HK to collect levy from insurance policyholders

The Insurance Authority will start at 0.04% during the first phase and will gradually increase.

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Huaxia Life raises stake in China Minsheng Bank

Huaxia Life raises stake in China Minsheng Bank

Although its owner is believed to be detained by mainland authorities, the insurer continues to make investments.

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PNB Metlife signs India bancassurance deal

PNB Metlife signs India bancassurance deal

The deal with Bank of Bahrain and Kuwait provides access to major metro areas such as Mumbai, Hyderabad, Aluva and New Delhi.

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Peak Re wins MAS authorisation

Peak Re wins MAS authorisation

The company has been authorised as a life and general reinsurer by the Monetary Authority of Singapore.

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Chinese internet-only insurers still register losses

Chinese internet-only insurers still register losses

The profits of China’s four online-based insurers saw a rise in premium income, but still ended up registering a loss.

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Chinese insurers post lower premium income growth

Chinese insurers post lower premium income growth

A crackdown on insurance companies’ risky and aggressive investment behaviour has taken a toll.

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Chinese app to acquire insurance broker

Chinese app to acquire insurance broker

Toutio, a Chinese news app, is poised to be the latest Chinese media platform looking to get into fintech.

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Dozen firms in the running to acquire India’s Star Health

Dozen firms in the running to acquire India’s Star Health

At least 12 companies have expressed interest in bidding for the country’s largest standalone health insurance provider.

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Allianz opens Beijing branch

Allianz opens Beijing branch

The office will provide commercial and consumer P&C solutions to customers in the Chinese capital.

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Life business remains upbeat in Singapore

Life business remains upbeat in Singapore

The sector has continued to post sterling growth this year, registering double-digit growth amid robust sales.

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Starr remains committed to Singapore market

Starr remains committed to Singapore market

The reassurance comes after decision to stop underwriting new business through its Lloyds Syndicate 1919.

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Korean official warns interest rate hike could disrupt insurers

Korean official warns interest rate hike could disrupt insurers

FSC vice-chairman Kim Yong-beom made the pronouncement ahead of the Bank of Korea’s plan to raise its key rate.

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Edelweiss Tokio Life in talks for bancassurance deals

Edelweiss Tokio Life in talks for bancassurance deals

The Indian-Japanese joint venture is in discussions about possible cooperation with several banks.

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