Wednesday, May 23, 2018

Legal/Regulatory

China to speed up insurance industry opening

China to speed up insurance industry opening

President Xi Jinping said the country will accelerate liberalisation and significantly broaden market access.

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India’s public-sector merger put off to next year

India’s public-sector merger put off to next year

The consolidation of United India Insurance, National Insurance and Oriental Insurance has been delayed.

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Farglory Life fined over corporate governance breach

Farglory Life fined over corporate governance breach

Taiwan’s regulator has imposed the penalty for corporate governance breaches on a series of real estate projects.

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China injects US$9.7bn into Anbang

China injects US$9.7bn into Anbang

The capital injection is aimed at ensuring the solvency and stability of the group.

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China’s premium income falls 18.5%

China’s premium income falls 18.5%

The year-on-year decline happened in the January-February period.

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China’s new regulator appoints seven vice-chairmen

China’s new regulator appoints seven vice-chairmen

The Chinese government has added staff to the newly merged banking and insurance watchdog.

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Former Anbang chairman no longer contests charges

Former Anbang chairman no longer contests charges

Wu Xiaohui appeared to change his stance and requested leniency in his closing statement.

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Three state-owned Indian insurers undergo merger review

Three state-owned Indian insurers undergo merger review

National Insurance, United India Insurance and Oriental India Insurance will merger within the next six months.

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Anbang’s Wu Xiaohui goes on trial in China

Anbang’s Wu Xiaohui goes on trial in China

The proceedings come a year after he was detained on accusations of fraudulently raising Rmb65bn.

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Malaysia to revise takaful framework

Malaysia to revise takaful framework

The new approach aims to create an environment that fosters innovation, according to the central bank.

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Foreign majors seek ownership rule review in Malaysia

Foreign majors seek ownership rule review in Malaysia

AIA, Great Eastern, Prudential and Tokio Marine say they are struggling to find suitable local partners.

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Opaque ownership worries risk managers

Opaque ownership worries risk managers

Third parties in Asia can contain hidden risks that keep risk managers awake at night.

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Guo Shuqing named head of China’s merged regulator

Guo Shuqing named head of China’s merged regulator

The former banking regulator is set to take over the new combined banking and insurance watchdog.

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China’s two top insurers to report increased profits

China’s two top insurers to report increased profits

Analysts are expecting Ping An and China Life to show double-digit profit increases.

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Japan to help develop Myanmar’s insurance sector

Japan to help develop Myanmar’s insurance sector

Prime minister Shinzo Abe made the commitment during the Myanmar-Japan Joint Economic Conference.

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Rescue plan for Indonesian life insurer collapses

Rescue plan for Indonesian life insurer collapses

Evergreen’s planned rescue of the embattled Bumiputera has failed after disagreements over funds.

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Joined-up regulation

Joined-up regulation

China’s banking and insurance regulators are merging as the country seeks to better control risks.

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Singapore’s LIA adopts new measures on incentives

Singapore’s LIA adopts new measures on incentives

The proposals cover sales targets, sign-on incentives and the monitoring of representatives.

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