Category: News Page 88 / 130
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- February 15 2016
Zurich mulls 8,000 job cuts worldwide
The layoffs are part of a plan to improve the profitability of its general insurance business.
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- February 15 2016
Korean firms post 13.3% earnings rise in 2015
The double-digit growth was attributed to increased non-operating profits and investment-related earnings.
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- February 12 2016
New cyber framework targets accumulation risk
The Centre for Risk Studies and RMS want to help insurers measure and constrain cyber risk.
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- February 12 2016
Singapore’s single-premium life policies rise 28% in Q4
The Life Insurance Association (LIA) Singapore attributed the growth to the policies paid for with Central Provident Fund money.
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- February 12 2016
Tax revenue on Philippine premiums hits five-year high
The tax office says it collected the most revenue from insurance since 2009, despite a much lower tax rate introduced in 2011.
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- February 12 2016
India likely to keep cap on brokers’ commissions
The local regulator has said that it cannot easily remove the existing caps on commissions and other remunerations.
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- February 11 2016
LIAM defends strict regulation of Malaysia’s life industry
The Life Insurance Association of Malaysia issued the pronouncement in response to a letter published in The Star newspaper.
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- February 11 2016
China becomes third-largest market in the world
The market was valued at US$1.83 trillion last year, more than double the value five years ago.
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- February 11 2016
Meiji Yasuda’s US$5bn StanCorp acquisition approved
The Japanese life insurer has reportedly won regulatory approvals in the US and Japan for its landmark acquisition.
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- February 11 2016
Bangladesh restricts Metlife from sending profits to US
IDRA has refused to issue a permit for the insurer to repatriate its profits to its headquarters in the US.
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- February 8 2016
Indian firms forecast rise in catastrophe premiums
Expected hike estimated to be up to 20% for next fiscal year.
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- February 8 2016
Group says insured losses in Tianjin blast likely to near US$6bn
International Union of Marine Insurers (IUMI) sees losses as largest in marine history.
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- February 8 2016
Indonesia exempts unit-linked life products from new bond rules
Firms will soon be allowed to manage their own portfolios in government bonds independently.
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- February 5 2016
Korea regulator probes alleged premium cartel
Four mid-sized insurance firms are accused of colluding to increase car insurance premiums.
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- February 5 2016
Dah Sing’s US$1bn insurance asset lures Chinese firms
More than 20 Chinese property developers and other firms have shown strong interest in bidding.
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- February 5 2016
India’s LIC sees market share plunge in December
The fall is attributed to the lack of a unit-linked insurance plan when India's stock markets recovered last year.
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- February 5 2016
Philippine government taps insurance funds for projects
New regulations are needed to facilitate investments by the sector in PPP infrastructure projects.
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- February 4 2016
Indonesia’s legislators seek limits on foreign ownership
No decision yet on threshold, says OJK, but existing majority owners are hoping for an exemption.
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- February 4 2016
China caps Hong Kong insurance purchases
Foreign exchange regulator is stepping up administrative measures to slow capital outflows.
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- February 4 2016
Asia United Bank seeks bancassurance partners
Bank's president says that potential partners have approached the bank for a possible deal.
