Monday, February 26, 2018

Legal/Regulatory

Chinese insurers now allowed to set up PE funds

Chinese insurers now allowed to set up PE funds

Insurers can set up growth, buyout, mezzanine, real estate and venture capital funds.

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Hong Kong to launch Insurance Authority by year-end

Hong Kong to launch Insurance Authority by year-end

The proposed Insurance Authority will replace the Office of the Commissioner of Insurance.

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Asia-Pacific outsourced insurance assets likely to surge

Asia-Pacific outsourced insurance assets likely to surge

Growth is driven by regulatory clarity and innovations in accounting and risk controls.

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Indonesian regulator revokes licence of MAA General

Indonesian regulator revokes licence of MAA General

Its Indonesian operation licence has been revoked with effect from September 3 2015.

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JLT establishes presence in Myanmar

JLT establishes presence in Myanmar

A growing list of international insurers are establishing offices as the country opens up.

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Philippine insurers favour mandatory earthquake insurance

Philippine insurers favour mandatory earthquake insurance

Insurers have submitted a proposal on compulsory earthquake insurance to the finance secretary.

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MAS fines Mercer for unlicensed life insurance sales

MAS fines Mercer for unlicensed life insurance sales

The Singapore regulator has fined Mercer for arranging contracts without appropriate licences.

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Taiwan to focus on regulating insurance industry

Taiwan to focus on regulating insurance industry

Insurers are blamed for pushing the prices of products and services to “unreasonable levels”.

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China to include treatment, diagnosis of birth defects

China to include treatment, diagnosis of birth defects

The National Health and Family Planning Commission is expanding coverage in its programmes.

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Thailand to revive travel insurance for visitors

Thailand to revive travel insurance for visitors

The tourism ministry is considering the proposal following the recent bomb attack.

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Vietnam extends health coverage to weekends and holidays

Vietnam extends health coverage to weekends and holidays

Health examinations and treatment during holidays and weekends will now be covered.

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Thailand providing health insurance to 1.7m migrant workers

Thailand providing health insurance to 1.7m migrant workers

The Public Health Ministry says its health insurance programme has more than doubled since 2007.

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China trials first earthquake insurance in Yunnan

China trials first earthquake insurance in Yunnan

Six insurance companies have joined in the launching of China’s first earthquake insurance trial.

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Pakistan raises insurance capital requirements

Pakistan raises insurance capital requirements

Regulators have increased the minimum paid-up capital requirement for insurers by US$1.9million.

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Tianjin lesson: Open insurance market to foreigners, says Lloyd’s

Tianjin lesson: Open insurance market to foreigners, says Lloyd’s

Lloyd’s reinsurance head says China needs to let foreign insurers enter the market after Tianjin wake-up call.

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Insurance complaints on the rise in China

Insurance complaints on the rise in China

In the first six months of this year, complaints about insurance contracts in China grew by 4.03%.

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Tuition protection policy launched in Thailand

Tuition protection policy launched in Thailand

Thai parents can now protect their children’s schooling in the event that they lose the ability to pay.

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Aviva mulls raising stake in Indian JV

Aviva mulls raising stake in Indian JV

British insurer Aviva has announced plans to raise its stake in its business in India from 26% to 49%.

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Nina Klingspor, Allianz Global Corporate & Specialty

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