Sunday, May 28, 2017

Countries

Downgrading China

Downgrading China

Moody’s has downgraded the country’s sovereign rating for the first time since 1989.

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Top Japanese life firms post steep premium income fall

Top Japanese life firms post steep premium income fall

The negative interest rate policy of Japan’s central bank has weighed on investment income.

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Strong currency puts pressure on Taiwan life insurers

Strong currency puts pressure on Taiwan life insurers

The venture offshore in search for higher yields is creating exposure to unfavourable capital and currency fluctuations.

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Doubts on HDFC Life, Max Life merger unresolved

Doubts on HDFC Life, Max Life merger unresolved

The proposed merger has not received any opinion from the country’s attorney general.

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Tokio Marine to pare down stake in Malaysia business

Tokio Marine to pare down stake in Malaysia business

The move is part of Bank Negara Malaysia’s ruling for foreign insurers to cut their stake to 70% in local life insurers.

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China insurers’ solvency remains at a healthy level

China insurers’ solvency remains at a healthy level

First-quarter capital adequacy reflects efforts to keep risks within control, says the insurance regulator.

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WannaCry hit Asia hard but won’t boost cyber policies

WannaCry hit Asia hard but won’t boost cyber policies

Companies that haven’t taken basic security measures aren’t about to start buying insurance.

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Korean insurers’ profit climbs on dividend income

Korean insurers’ profit climbs on dividend income

The country’s insurers’ posted a 24.4% on-year combined net profit rise in the first three months of the year.

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Chinese insurers urged to invest in infrastructure

Chinese insurers urged to invest in infrastructure

The Chinese regulator says that such projects will be given easier access to insurance funds to boost economy.

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Malaysian liberalisation could raise penetration rate to 75%

Malaysian liberalisation could raise penetration rate to 75%

The insurance and takaful penetration rate in the country has ranged between 54% and 56% over the last five years.

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Foreign insurers eyeing up Syarikat Takaful Malaysia

Foreign insurers eyeing up Syarikat Takaful Malaysia

A number of foreign insurers have reportedly expressed interest in acquiring the takaful operator.

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DBS India inks two bancassurance deals

DBS India inks two bancassurance deals

The new partnerships are with Tata AIA Life and Birla Sun Life, after its agreement with Aviva India Life.

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PICC plans US$2bn share sale in mainland China

PICC plans US$2bn share sale in mainland China

The sale comes more than four years after its subsidiary went public in Hong Kong through a US$3.1bn offering.

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China to check sales activities of life insurers

China to check sales activities of life insurers

The Chinese regulator said it would beef up oversight as part of its crackdown on irregularities in the industry.

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U Mobile, Sun Life ink insurance deal

U Mobile, Sun Life ink insurance deal

The partnership represents the first time any Malaysian telco has offered life insurance to its customers.

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Korea urges firms to calculate contract liabilities from 2021

Korea urges firms to calculate contract liabilities from 2021

The Financial Services Commission said the new rule would encourage insurers to better cope with the IFRS 17.

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Foresea Life keeps afloat amid Beijing crackdown

Foresea Life keeps afloat amid Beijing crackdown

Company states normal operations and stable cash flow.

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Asian captive market offers room for growth

Asian captive market offers room for growth

Asian corporations are starting to appreciate the concept of having captives as an alternative risk-management tools.

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Paul Davis, Allianz Global Corporate & Specialty

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