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- February 7 2018
Allianz links up with Apple, Cisco on cyber coverage
Under the deal, businesses using equipment from the two firms discounts will get discounts on their cyber policies.
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- February 6 2018
BlackRock appoints Asia-Pacific FIG head
Kim joins from Deutsche Asset Management to take up the newly created role in the financial institutions group.
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- February 6 2018
Ping An Insurance’s units raise US$2.2bn in private financing
Investors in the three tech units included SoftBank, which placed US$400m with Ping An Good Doctor.
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- February 6 2018
Great Eastern may sell minority stake in Malaysian unit
Malaysia’s largest pension fund, Employees Provident Fund, is reportedly in talks to buy the US$1bn stake.
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- February 6 2018
FWD Group appoints Ken Lau for Greater China role
He joins from Union Life and will lead FWD in Hong Kong and Macau, and oversee expansion in Greater China.
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- February 5 2018
Insurers jump onto cryptocurrency bandwagon
Insurance companies are reportedly looking into theft coverage for companies that handle digital currencies.
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- February 5 2018
Allianz to acquire Sri Lanka’s Janashakthi Insurance
The German insurer will have a market share of approximately 20% after the US$107m acquisition.
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- February 5 2018
India unveils three-way merger of state-owned insurers
National Insurance, United India Insurance and Oriental Insurance are set to merge to form a single entity.
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- February 5 2018
Axa to open shared service centers in Manila, Kuala Lumpur
Company officials say the new centres will become information technology hubs for Japan and the rest of Asia.
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- February 2 2018
Asia lagging world in insurtech innovation
A report by Willis Towers Watson shows that insurtech startups in Asia account for just 7% of the global total.
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- February 2 2018
Indian life companies push for separate limit on tax exemption
The sector is looking at introducing various supportive measures in the upcoming state budget.
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- February 2 2018
Philippine life sector to log double-digit growth
The expansion is being driven by the country’s strong demographics and the impact of tax reforms.
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- February 1 2018
Swiss Re opens new Asian HQ in Singapore
It has also appointed a new regional board of directors, chaired by Lim Siong Guan, formerly of GIC.
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- February 1 2018
Operating cash flow of China’s insurers drops 65% in 2017
The decline is attributed to the intensified and widespread crackdown on risks and foul play in the sector.
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- February 1 2018
Cat bond market hit record US$11bn issuance in 2017
In total, 35 catastrophe bonds were issued by 31 different sponsors in the insurance-linked securities sector.
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- January 31 2018
Korea to increase number of online insurers
The regulator's aim is to lower barriers to entry and ramp up competition in the country's financial sector.
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- January 31 2018
Penetration improving in India but still lower than neighbours
At 3.49%, insurance buying in the country is up significantly from 2.7% in 2001, though still lags China.
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- January 30 2018
Japan’s Rakuten to acquire Asahi Fire & Marine Insurance
The e-commerce group has confirmed that it is considering buying the insurer from Nomura.
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- January 30 2018
Chubb names Edward Ler country head for Korea
He replaces Edward Kopp, who was recently appointed country president for general insurance in Thailand.
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- January 30 2018
Philippines to review capital rules for insurers
The capitalisation requirement for local insurance companies is being reviewed in light of a study of Asean rules.
