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- September 17 2015
Commercial rates continue to plunge globally
Declines are driven by the benign loss environment and abundance of global capacity, says Marsh.
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- September 16 2015
Indonesian regulator revokes licence of MAA General
Its Indonesian operation licence has been revoked with effect from September 3 2015.
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- September 16 2015
Philippine insurance industry to rise up to 30% this year
Rising incomes among Filipinos will trigger the growth of the industry this year, says Sun Life.
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- September 16 2015
Alibaba’s Ant Financial takes control of Cathay Insurance
The investment will allow a quicker entrance to mainland China's insurance market.
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- September 16 2015
JLT establishes presence in Myanmar
A growing list of international insurers are establishing offices as the country opens up.
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- September 15 2015
New India Assurance renews Air India cover for US$9.5bn
The bid to insure Air India’s 126-aircraft fleet will earn a premium of US$22.5 million.
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- September 15 2015
Nippon Life agrees to merge with Mitsui Life
The Japanese insurer will again become the country’s biggest insurer, ahead of Dai-ichi Life.
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- September 15 2015
Major banks tentatively agree to US$1.87bn settlement
Agreement will settle investor claims that they conspired to fix prices and limit competition.
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- September 15 2015
Cyber market to triple by 2020 to US$7.5bn
A report by PwC also warns that insurers face competition from tech giants like Google.
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- September 14 2015
Samsung mulls expanding in Vietnam’s insurance sector
Samsung has expressed intention to expand its footprint in the country's life insurance sector.
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- September 14 2015
Lloyd’s set to double China insurance business
Lloyd's chairman John Nelson expressed confidence that the firm will double its business in China this year despite a very competitive insurance market across Asia. Nelson said Lloyd's regional expans... To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription. Your company may already have […]
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- September 14 2015
Indonesian insurers warned about economic outlook
Several insurance firms need close scrutiny in the face of the economic slowdown, says financial regulator.
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- September 14 2015
AM Best affirms ratings of two Macau insurers
Macau Insurance and Macau Life Insurance received ratings affirmation from AM Best.
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- September 11 2015
Manulife nears deal for StanChart’s HK pension business
The Canadian insurer is reportedly in the final stages of negotiations for the US$400m deal.
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- September 11 2015
Reinsurance prices likely to drop in 2016, says Moody’s
Rates are forecast to fall by up to 10% in 2016, but the decline will be less than in the past few years.
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- September 11 2015
Generali launches Obi app in Vietnam
Generali has struck a deal to embed its native insurance app in Obi mobile phones in Vietnam.
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- September 11 2015
Samsung Life seeks to enter Philippine insurance market
The Korean insurer is reportedly in talks with PNB, alongside several other foreign life insurers.
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- September 10 2015
CEO resignation will not affect Zurich’s US$12bn bid for RSA
Mike Kerner will step down as CEO at the end of the year for personal reasons, but bid goes ahead.
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- September 10 2015
Philippine insurers favour mandatory earthquake insurance
Insurers have submitted a proposal on compulsory earthquake insurance to the finance secretary.
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- September 10 2015
Malaysia to reach 70% life insurance penetration by 2020
The country's life insurance sector is proving resilient to current economic pressures, says MII.
