-
- June 15 2016
Korean Re hits new record-high profit
Banking on swelling demand, Korea’s sole reinsurer is confident of continued strong growth.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- June 10 2016
Philippines insurers push for VAT removal
The Philippine Insurance Commission has urged the government to reconsider value-added tax proposal.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- June 9 2016
Baidu sets up new online car insurance firm
The Chinese insurer is venturing into the business through a partnership with China Pacific Property & Casualty.
-
- June 9 2016
Firms settle nearly 90% of earthquake claims in Nepal
Nepal's insurance regulator says that claims worth US$107m have been settled out of an estimated US$156m of total claims.
-
- June 8 2016
What to expect if El Niño transitions to La Niña in 2016?
Guy Carpenter explains the more likely scenarios.
-
- June 8 2016
Shanghai to accelerate insurance sector development
Modernisation and internationalisation aimed at becoming an international insurance centre in the next five years.
-
- June 8 2016
Solvency II to raise demand for reinsurance, says Fitch
Insurers will scramble to buy reinsurance products as they seek to strengthen their capital positions.
