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- June 28 2017
Mirae Asset Life to buy 50% stake in Prevoir Vietnam
The deal marks Mirae's entry into the Vietnamese market, having reportedly outbid a Chinese competitor.
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- June 28 2017
Outlook on China’s life market remains negative
Profitability and capitalisation are expected to weaken, according to Moody's Investors Service.
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- June 27 2017
Cyber coverage surges in Japan as attacks rise
Mitsui Sumitomo said its cyber insurance policy sales have increased by 250%.
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- June 27 2017
Hong Kong’s Insurance Authority takes the reins
The new regulator, headed by Moses Cheng, has now officially replaced the Office of the Commissioner of Insurance.
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- June 27 2017
Korean firms raising capital ahead of IFRS 17
Some insurers are planning to issue hybrid capital securities in the US dollar bond market.
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- June 26 2017
Malaysian insurers to develop digital platform
The deal will set the foundation for a full-service life insurance and takaful aggregator portal.
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- June 26 2017
China launches catastrophe insurance research centre
The centre will be the country's first research institution focusing on major disasters.
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- June 23 2017
Five Philippine non-life insurers to exit industry
Some non-life insurers in the country have decided to voluntarily exit the insurance business by year-end.
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- June 23 2017
Korea wants insurers to cut medical indemnity premiums
The move is part of the government's efforts to help alleviate the cost burden on subscribers.
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- June 22 2017
CIRC issues new regulations to rein in credit risks
China’s insurance watchdog is seeking to standardise insurance businesses and protect the industry from credit risks.
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- June 22 2017
Allianz seeks to accelerate growth in Asia
The German insurer is planning to catch up with European competitors in the region, such as Prudential and AXA.
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- June 22 2017
India’s general insurers post 16% gross premium growth
Solid gross direct premium growth was buoyed by increased premiums in health, motor and fire insurance.
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- June 21 2017
Indian regulator promotes investment in Reits, InvITs
Rules have been relaxed for investment in real estate investment trusts and infrastructure investment trusts.
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- June 21 2017
Tahoe completes acquisition of Dah Sing Insurance
The HK$10.6b transaction sees Paula Wai-Yee Choi become CEO of the Hong Kong insurer.
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- June 20 2017
Swiss Re: Product recall insurance
The article explores a number of misconceptions about product recall insurance and the dramatic expenses involved in an incident.
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- June 20 2017
Zhong An’s Hong Kong IPO expected July or August
The Chinese online insurer is expected to list as early as July or August to raise up to US$2b.
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- June 20 2017
Tokio Marine raises stake in Indian unit
The Japanese insurer now holds 49% in the unit after buying an additional 23% stake for US$392m.
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- June 20 2017
Philippines insurers urge tax cut for non-life players
A local industry group says taxes should be reduced to be on par with their Asean counterparts.
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- June 19 2017
MetLife names new US president
Michael Khalaf has been appointed to the role following his role in expanding the European business.
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- June 19 2017
CIRC vows to continue crackdown on HK sales
Illegal sales have led to asset outflows and aid money-laundering, according to the regulator.
