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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.
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- June 10 2016
Manulife taps yield-hungry Taiwanese life insurers
Borrowing in Taiwan is an increasingly popular option among global corporates as local investors shun domestic debt.
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- June 10 2016
Can a supercomputer forecast India’s monsoon?
More data is certainly a good thing, but investment in flood defences and urban planning are also crucial to building resilience.
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- June 10 2016
Philippines insurers push for VAT removal
The Philippine Insurance Commission has urged the government to reconsider value-added tax proposal.
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- June 10 2016
Thailand’s life sector growth to slow until 2026
High penetration rate and increasing competition will result in slower market growth, says Allianz.
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- June 10 2016
StanChart seeks bancassurance partners in Asia
The UK bank is looking for partners that could pay at least US$400m for access to the bank's network in the region.
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- June 10 2016
Korea Development Bank life unit up for sale again
After two failed attempts to sell a majority stake in KDB Life Insurance in 2014, state-run KDB is trying again.
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- June 9 2016
AXA to expand farm insurance programme in Indonesia
AXA may offer crop insurance more widely after the success of its pilot project in Malang, East Java.