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- December 24 2015
Ace Group announces new APAC leadership team for Chubb
Paul McNamee also named as deputy regional president and regional head of P&C, Asia Pacific
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- December 23 2015
Sun Life shuts down wealth products
Canadian giant to focus on Life Solutions as part of a review in key markets, including Asia
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- December 23 2015
Baidu aims to become major auto insurance seller in China
Online search giant aims to capture 30% of the market in the next three years.
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- December 23 2015
Allianz Buys 51% of PNB Life in the Philippines
The two firms also enter into a 15-year exclusive distribution partnership
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- December 22 2015
Japanese nonlife insurers to introduce travel policies
Foreign tourists targeted as visitor numbers surge 48% this year.
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- December 22 2015
India’s general insurance penetration drops to 0.70%
Slower economic growth and entry of life players into the general market, attributed says GIC
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- December 22 2015
Mainland Chinese to spend US$3.9bn on insurance in HK this year
OCI released data show mainlanders taking 21.7% of the city's total new premiums.
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- December 22 2015
Australia’s financial, insurance sector spends US$2.2bn to fight fraud
Sophisticated cybercrime seen as one of the biggest threats to the country
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- December 21 2015
Sompo Japan seeks to acquire nursing care firm
Japanese property insurance giant seeks new profit source with acquisition of Message Co.
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- December 21 2015
Muang Thai Life seeks approval for Cambodia JV
Thai life insurer embarks on its first life-insurance venture outside Thailand and expected to receive approval early next year.
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- December 21 2015
Prudential expresses interest in Bangladesh
UK insurer eyeing majority stake in a proposed joint venture through IRDA
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- December 21 2015
AM Best affirms China Taiping Insurance’s ratings
Chinese Insurer receives strength rating of A and issuer credit rating of "a", with stable outlook.
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- December 18 2015
Anbang Insurance buys further stake in Sino-Ocean
The privately held Chinese insurer paid a further US$426 million to raise its stake to 30%.
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- December 18 2015
China’s medical insurance covers 95% of population
China's Ministry of Human Resources and Social Security says more than 1.3 billion are now covered.
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- December 18 2015
Malaysia’s general insurance industry to pick up in 2016
While the industry experienced a moderate slowdown this year, MII says growth will return in 2016.
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- December 17 2015
Vietnam market up 22% this year
The country's insurance market registered its best performance during the past five years.
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- December 17 2015
Business insurance low priority for Singapore SMEs
More than half of SMEs in the Lion City say insurance protection is low on their priority list.
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- December 17 2015
China releases rules for insurance fund controls
CIRC is aiming to enhance the sector's ability to manage risks and become more prudent.
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- December 17 2015
Manulife Philippines bancassurance deal gets clearance
Manulife Philippines can now sell insurance products at branches of China Savings Bank.
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- December 16 2015
Telematics market to hit US$2.21bn by 2020
MarketsandMarkets says the telematics market is growing at an annual rate of 20.9%.
