Thursday, November 23, 2017

Life

Sales of investment-linked assurance products fall 42% in Q1

Sales of investment-linked assurance products fall 42% in Q1

Sales plunge dramatically after Hong Kong regulators tightened rules in January.

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Insurance penetration in the Philippines at 1.2%

Insurance penetration in the Philippines at 1.2%

Findings taken from a survey commissioned by Sun Life of Canada (Philippines).

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EastWest Bank and Ageas form Philippines joint venture

EastWest Bank and Ageas form Philippines joint venture

EastWest Ageas Life, a US$65m life insurance firm set to build bancassurance business in the Philippines.

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China Life Insurance elects new chairman of the board

China Life Insurance elects new chairman of the board

Yang Mingsheng election comes a week after he was also elected as an executive director of the company.

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Taiwan’s Fubon Life pays US$540m for Madame Tussauds London site

Taiwan’s Fubon Life pays US$540m for Madame Tussauds London site

Taiwanese life giant plans to buy as much as US$3bn of overseas properties.

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South Korea’s Mirae Asset Life eyes US$460m in IPO

South Korea’s Mirae Asset Life eyes US$460m in IPO

Mirae will sell 5.4 million existing shares and issue 40 million new shares for the IPO.

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Greenstone targets US$984m in Australia IPO

Greenstone targets US$984m in Australia IPO

Australian life Insurance distributor plans a 16 June listing.

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Accident insurance targets Japan’s aging population

Accident insurance targets Japan’s aging population

Accident insurance products offered specifically for people aged 65 or over.

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Insurance acquisition will not weaken CTBC Financial’s credit profile

Insurance acquisition will not weaken CTBC Financial’s credit profile

CTBC Financial’s outlook remains stable after announcement to acquire Taiwan life Insurance Co.

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Assets of Pakistan’s private-sector life companies up 35.8%

Assets of Pakistan’s private-sector life companies up 35.8%

Jubilee Life Insurance also ranked as the top Life Insurer.

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CTBC Financial acquires Taiwan Life in US$1bn stock swap deal

CTBC Financial acquires Taiwan Life in US$1bn stock swap deal

CTBC Financial to swap 1.44 common shares in exchange for one Taiwan Life common share.

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1 in 4 customers in India unlikely to renew with same provider

1 in 4 customers in India unlikely to renew with same provider

Up to 60% insurance customers are truly loyal to their insurance providers, according to report.

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Malaysia’s AIA names first woman CEO

Malaysia’s AIA names first woman CEO

Anusha Thavarajah to be named as new CEO, taking over from Bill Lisle.

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Dai-ichi Life signs bancassurance deal with Vietnam’s HDBank

Dai-ichi Life signs bancassurance deal with Vietnam’s HDBank

Both parties pledge to develop strategic cooperation between Vietnam’s banking and insurance sectors.

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India’s insurance employees’ union oppose hike in FDI

India’s insurance employees’ union oppose hike in FDI

Increase would mean handing over the hard earned savings of the people to foreign capital, says AIIEA.

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Bank Rakyat Indonesia seeks life insurance partner

Bank Rakyat Indonesia seeks life insurance partner

Plans to set up an insurance unit in which it will hold a majority stake.

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Singapore’s life insurance business edges down in Q1

Singapore’s life insurance business edges down in Q1

Surge in single-premium products attributed.

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Malaysia’s first Internet insurance platform launched

Malaysia’s first Internet insurance platform launched

Company is confident that the online insurance platform will help increase the life insurance penetration rate in Malaysia.

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Zainudin Ishak, Malaysian Re

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