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- June 20 2016
Ping An eyes Hong Kong listing of securities unit
The majority-owned subsidiary of Ping An will sell up to 25% of the its total shares in the city.
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- June 20 2016
Losses from Kumamoto quake near US$3bn
Insurance and reinsurance losses continue to mount amid a late surge in claims payouts for damages.
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- June 17 2016
‘You guys aren’t helping’
Forget innovation, insurance buyers complain that the industry in Asia is still not getting the basics right.
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- June 17 2016
Taiwan firms warned against policy violations
The regulator is concerned about the high number of insurers burdened with excessive fees paid on sales .
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- June 17 2016
Chinese, European regulators to share information
The two industry watchdogs have agreed to share information on their frameworks for pensions and insurance.
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- June 17 2016
First parametric solution for Indonesian provinces
Aswata, Mercy Corps and Swiss Re introduce solution for microfinance institutions in Aceh and West Sumatra.
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- June 16 2016
Aspen offers piracy cover for South-East Asia
An increase in the number of incidents has prompted the launch of piracy and marine hijack cover tailored for the region.
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- June 16 2016
Malaysian takaful sector remains upbeat
The Islamic market is expected to withstand changes in the economic environment and continue growing at least until 2018.
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- June 16 2016
Munich Re and ADB sign US$250m deal
The landmark deal sees the creation of a US$250m insurance capacity on trade transactions in developing Asia.
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- June 15 2016
Korean Re hits new record-high profit
Banking on swelling demand, Korea’s sole reinsurer is confident of continued strong growth.
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- June 15 2016
Insurance Development Forum begins work in Singapore
Public and private sector participants engaged in eight working groups at the IIS Global Insurance Forum.
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- June 15 2016
Insurers struggling to modernise, says KPMG
Most insurers find it hard to reinvent their organisations when faced with disruptive changes, according to a report.
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- June 15 2016
China Life pours $600m into car-hailing app
The investment in Didi Chuxing comes at a time when the top Chinese car-hailing app is struggling to fend off Uber.
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- June 14 2016
Zurich reshapes and announces new COO
Kristof Terryn is taking on the new role of chief operating officer as the company adopts a simpler, more customer-focused structure.
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- June 14 2016
Five Philippine non-life insurers set to merge
Unable to raise enough paid-up capital required by the regulator, the P&C firms are set to tie up before year-end.
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- June 14 2016
Korean insurers sell property to meet new accounting rule
Changes in international accounting standards will require additional reserves once the new rules take effect.
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- June 13 2016
Reforms needed to secure retirement, says MAS head
Low interest rates are here to stay and will require governments around the world to make fundamental reforms, says Tharman Shanmugaratnam.
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- June 13 2016
Aviva eyeing Singapore military contract
The insurer is reportedly in the lead to secure a contract to insure the Singapore Armed Forces and Ministry of Home Affairs.
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- June 13 2016
Japanese industry halts sales of savings-type plans
Negative interest rates have forced leading Japanese nonlife insurers to stop selling savings-type policies, according to reports.
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- June 13 2016
Claims from global disasters in May hit US$7bn
Five separate instances of flooding in China contributed economic losses of more than US$1.5bn.