Country: Asean Page 136 / 139
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- June 22 2015
Malaysia’s Islamic insurers investing more in technology
Takaful operators plan to double the number of Islamic insurance policyholders in five years.
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- June 18 2015
Zurich Insurance to acquire 75% stake in MAA Takaful
Deal subject to approval by Bank Negara and the minister of finance.
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- June 18 2015
Indonesia’s Sequis Life to raise number of sales staff to 66,000
Aims to become the third-largest life insurer in the country.
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- June 17 2015
Myanmar insurers to start selling health insurance
Policies will be sold under a one-year trial commencing 1 July.
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- June 16 2015
Philippine lawmakers urged to pass national flood insurance bill
Bill aims to augment state-funded disaster assistance.
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- June 15 2015
Great American Insurance Group establishes in Singapore
Monetary Authority of Singapore grants formal licence for branch operation.
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- June 12 2015
China Life Insurance launches first overseas unit in Singapore
Singapore to offer a wide range of products, including health insurance and investment options.
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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.
