Country: Asia Pacific Page 370 / 490
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- August 21 2018
Malaysia loosens divestment rule for foreign insurers
The central bank has said the deadline for compliance will be decided on a bilateral basis.
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- August 20 2018
Korea’s financial regulator takes action against Samsung Life
The move follows a refusal to accept minimum returns guarantees for immediate payment annuities.
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- August 17 2018
Aussie scandal felt around the world
Global insurance rates are on their longest uptrend since 2013, thanks to Australia’s badly behaved banks.
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- August 17 2018
Modicare disappoints insurers
Insurers had hoped for a slice of the action, but they have been met with disappointment.
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- August 17 2018
Philippines Nat Re names new head
Allan Rossi Santos replaces Augusto Hidalgo, who is pursuing new career opportunities.
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- August 17 2018
Etiqa Takaful seeks to expand further into Asean
The move aims to boost its takaful and general insurance brand within the region.
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- August 17 2018
QBE profit rises after streamlining its structure
The insurer credited the performance to much-improved operations in several regions.
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- August 16 2018
Japanese majors lose billions to floods, rains
The extreme rainfall and flooding in July have taken a toll on MS&AD, Tokyo Marine and Sompo.
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- August 15 2018
Moody’s sees China P&C industry remaining stable
The agency took into account regulatory measures being undertaken to protect the industry.
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- August 15 2018
Chinese insurers post adequate solvency ratio
The average solvency level was 241% for life insurers and 394% for P&C companies.
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- August 15 2018
Vietnam’s premiums up 30.8% in seven months
The industry has maintained steady annual growth of more than 30% for the past few years.
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- August 14 2018
Korea non-life insurers shoring up solvency capital
Companies face progressive tightening in risk-based capital measures and upward movement in interest rates.
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- August 14 2018
Singapore life market sees 20% premium rise
Growth is attributed to an uptake in both single and annual premium products in the first six months of the year.
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- August 13 2018
Competition, low premiums pull down Korean auto insurance
The country's motor market saw a 1.2% contraction during the first half of the year.
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- August 13 2018
State Bank of India selling stake in insurance JV
It has reportedly started the process of selling up to 4% of SBI General Insurance.
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- August 10 2018
Ping An targets US$50bn+ Pru acquisition
Rumours about the potential acquisition came as a surprise to many, including the Pru.
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- August 10 2018
DHFL, SVC Bank enter bancassurance deal
The partnership is in line with DHFL's strategy to grow its business on the back of simple, customer-centric solutions.
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- August 10 2018
Suncorp confirms sale of life insurance unit to Dai-ichi Life
Australia's second-biggest general insurer will generate US$540m from the sale to the Japanese group.
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- August 10 2018
Ping An eyeing Pru’s Asia business
The Chinese insurer has reportedly already sought its government’s initial approval on the matter.
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- August 9 2018
China resumes inquiry into insurance officials
Close to 40 regulatory personnel have been under investigation since mid-July.
