Sunday, May 28, 2017

Legal/Regulatory

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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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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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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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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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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China cracks down on universal life policies

China cracks down on universal life policies

The move is expected to hurt many Chinese insurers that have relied on the practice to fund investments.

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China to inspect insurance branches for violations

China to inspect insurance branches for violations

CIRC is targeting the outlets of companies that have ranked poorly in terms of customer complaints.

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Insurance cooperation eyed along Belt and Road route

Insurance cooperation eyed along Belt and Road route

At least 20 countries along the route have entered into agreements with China Re, which is taking a lead.

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Irdai approves Gen Re R3 licence in India

Irdai approves Gen Re R3 licence in India

The R3 licence covers underwriting and risk management expertise locally rather than cross-border.

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China’s tightening to benefit insurers in long run

China’s tightening to benefit insurers in long run

Analysts are confident that stricter oversight from the regulator will result in better market discipline.

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China gets tough

China gets tough

And this time it’s serious. After the ouster of its chairman, CIRC has reaffirmed a stricter approach.

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Philippines raises investment limit for pre-need firms

Philippines raises investment limit for pre-need firms

According to the insurance commissioner, the investment threshold has been increased by 2% under the Pre-Need Code.

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CIRC tackles industry loopholes

CIRC tackles industry loopholes

China’s insurance regulator wants to step up supervision of ownership structures and funding sources.

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Korea approves Mirae’s acquisition of PCA Life

Korea approves Mirae’s acquisition of PCA Life

After the acquisition Mirae will become the country’s fifth-largest life insurer based on asset size.

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