Country: Asean Page 130 / 133
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- June 11 2015
BDO Unibank acquires Generali Pilipinas Holdings
Acquisition part of the bank's strategy to diversify into the life insurance business.
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- June 10 2015
Philippine court stops paid-up capital rate hike order for insurers
An adverse effect on the business climate is sufficient basis for an injunction, The Court of Appeals.
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- June 9 2015
AXA launching units in Singapore, Hong Kong and Shanghai
Data Innovation Lab in Singapore to conduct R&D work using data analytics.
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- June 8 2015
MSI permitted to operate in Myanmar’s Thilawa Special Economic Zone
Obtains a provisional permit to underwrite general insurance from regulators.
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- June 4 2015
Philippine insurers push for lower taxes on non-life insurance
5.5% tax on non-life insurance premiums sought.
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- June 3 2015
Vietnam’s insurance premiums forecast to grow in double digits
Q1 Turnover from insurance premiums reached more than US$665.75m.
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- June 3 2015
Samsung Life Insurance eyes acquisition in the Philippines
Growing economy, low insurance penetration rate, and large population seen as factors.
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- June 3 2015
Thailand’s life insurance industry captures attention of investors
Several global institutional investors interested in meeting insurance management teams for possible investment.
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- June 2 2015
Myanmar considers giving more licences to foreign insurers
Temporary licences already given as first step to more foreign investment.
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- June 1 2015
Global insurance fraud further aggravated by technology
Insurers and takaful operators posted an estimated loss of MYR760m (US$207m) in 2013.
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- June 1 2015
Insurance penetration in the Philippines at 1.2%
Findings taken from a survey commissioned by Sun Life of Canada (Philippines).
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- May 30 2015
EastWest Bank and Ageas form Philippines joint venture
EastWest Ageas Life, a US$65m life insurance firm set to build bancassurance business in the Philippines.
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- May 28 2015
Tokio Marine Kiln names trade and political risks underwriter in Singapore
Edmund Lee will focus on underwriting specialist credit, trade, surety and political risk products across Asia.
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- May 27 2015
Malaysia’s AmMetLife Takaful names new CEO
Mohamad Salihuddin Ahmad tasked with enhancing the group's takaful value proposition to customers.
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- May 27 2015
Asia’s protection gap to reach US$41tr – AIA
Insurance giant also signs joint collaboration agreement with I2R to determine the insurance needs of Singaporean consumers.
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- May 25 2015
Vietnam amends social insurance law following workers’ strike
National Assembly votes to overturn a provision of the social insurance law.
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- May 21 2015
New insurance law in Vietnam creates confusion
Complex rule has prompted some 1.2 million people to opt out of medical insurance.
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- May 20 2015
Vietnam launches social insurance e-portal
Launch of the e-portal forms part of Vietnam Social Insurance's (VSI) efforts to reform its administrative procedures.
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- May 18 2015
ACE Group names medical malpractice manager for Asia
Kamal Hamzah to lead the development and underwriting execution of ACE's medical malpractice business in the region.
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- May 16 2015
Indonesia launches insurance for small business loans
Move is part of the government's efforts to push the expansion of loans for small and medium businesses.
