Category: News Page 38 / 130
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- May 25 2017
Tokio Marine to pare down stake in Malaysia business
The move is part of Bank Negara Malaysia’s ruling for foreign insurers to cut their stake to 70% in local life insurers.
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- May 25 2017
China insurers’ solvency remains at a healthy level
First-quarter capital adequacy reflects efforts to keep risks within control, says the insurance regulator.
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- May 24 2017
Korean insurers’ profit climbs on dividend income
The country's insurers' posted a 24.4% on-year combined net profit rise in the first three months of the year.
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- May 24 2017
Chinese insurers urged to invest in infrastructure
The Chinese regulator says that such projects will be given easier access to insurance funds to boost economy.
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- May 24 2017
Malaysian liberalisation could raise penetration rate to 75%
The insurance and takaful penetration rate in the country has ranged between 54% and 56% over the last five years.
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- May 23 2017
Swiss Re creates Asia P&C underwriting hub
Sharon Ooi will lead the unit, as head of P&C underwriting for Asia, Australia & New Zealand.
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- May 23 2017
Foreign insurers eyeing up Syarikat Takaful Malaysia
A number of foreign insurers have reportedly expressed interest in acquiring the takaful operator.
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- May 23 2017
DBS India inks two bancassurance deals
The new partnerships are with Tata AIA Life and Birla Sun Life, after its agreement with Aviva India Life.
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- May 22 2017
Prudential replaces Asia head Tony Wilkey
The British insurer has replaced the head of its Asian business after just two years in the job.
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- May 22 2017
PICC plans US$2bn share sale in mainland China
The sale comes more than four years after its subsidiary went public in Hong Kong through a US$3.1bn offering.
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- May 22 2017
China to check sales activities of life insurers
The Chinese regulator said it would beef up oversight as part of its crackdown on irregularities in the industry.
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- May 22 2017
U Mobile, Sun Life ink insurance deal
The partnership represents the first time any Malaysian telco has offered life insurance to its customers.
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- May 19 2017
Korea urges firms to calculate contract liabilities from 2021
The Financial Services Commission said the new rule would encourage insurers to better cope with the IFRS 17.
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- May 19 2017
IFRS 17 to bring greater comparability, KPMG
The new standard will be a huge step towards the convergence of China GAAP for IFRS.
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- May 19 2017
Foresea Life keeps afloat amid Beijing crackdown
Company states normal operations and stable cash flow.
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- May 18 2017
Asian captive market offers room for growth
Asian corporations are starting to appreciate the concept of having captives as an alternative risk-management tools.
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- May 18 2017
China cracks down on universal life policies
The move is expected to hurt many Chinese insurers that have relied on the practice to fund investments.
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- May 18 2017
Ransomware attack spurs rise in cyber demand
Companies and governments are now looking for cyber cover after last week’s WannaCry ransomware attack.
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- May 17 2017
Dai-ichi Life posts sixth straight record profit year
Japan’s third-largest life insurer by revenue posted a net profit increase of 29.6% in the latest fiscal year.
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- May 17 2017
New CEO dismisses calls to split AIG
Having taken up his new role as chief executive, Brian Duperreault has said that growth is his main goal.
