Country: Asia Pacific Page 375 / 490
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- June 22 2018
IAG in Asia retreat
Earnings volatility has driven the Aussie insurer to exit its businesses in Thailand, Indonesia and Vietnam.
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- June 22 2018
Korean insurers most highly exposed to rate hikes
The central bank has warned of a corresponding drop in the solvency ratio of many insurers.
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- June 22 2018
Manulife signs distribution deal in Cambodia
The agreement with Sathapana Bank was signed at a ceremony attended by the finance ministry and central bank.
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- June 22 2018
AIA names three new executives for Malaysian unit
Andrew Loh (CMO), Heng Zee Wang (CFO) and Eric Chang (CEO) take up the new senior roles.
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- June 21 2018
India’s general insurers post 12% growth
Gross direct premium underwritten rose in the first two months of the current financial year US$3.56bn.
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- June 21 2018
Aon launches updated Thai flood model
The data focuses on the industrial estates heavily impacted by the 2011 floods.
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- June 20 2018
Taiwan to raise overseas investment quota
The country's financial regulator may increase the quota for local insurers that invest in innovative domestic industries.
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- June 20 2018
British insurers target Belt-and-Road role
London has historically embraced insuring new risks and sees the Chinese infrastructure plan as a golden opportunity.
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- June 18 2018
Japanese life insurers post best profits in decades
Despite facing low interest rates for more than 20 years, the major insurers remain profitable.
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- June 18 2018
Ex-CIRC head Xiang Junbo pleads guilty to bribery
The former chairman of China’s insurance regulatory body expressed remorse in his closing statement.
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- June 15 2018
Korea targets reinsurance liberalisation
The move is part of an effort to promote price competition in the non-life sector by the financial regulator.
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- June 15 2018
Philippine insurers ready to fund infrastructure projects
The government is relying on development financing, but the country's life insurers would like to get involved.
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- June 15 2018
India’s life firms post 9% premium growth
Life Insurance Corporation generated most of the growth, while many companies experienced declines.
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- June 14 2018
Malaysia to further review ownership rules for foreign insurers
The review may result in the country's central bank deferring the requirement to cut ownership to 70%.
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- June 14 2018
Prudential gets nod to increase investment in Vietnam
It is raising its chartered capital to about US$181.8m after winning approval from the finance ministry.
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- June 14 2018
China orders life insurers to tighten reporting standards
New regulatory rules require better asset-liability management and reporting of cash flows.
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- June 13 2018
China says insurance sector’s risks generally controllable
The CBIRC says risks facing the insurance sector are complicated but solvency ratios remain stable.
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- June 13 2018
Markel wins Lloyd’s India licence
It will initially focus on treaty and facultative reinsurance for marine, energy, contingency and professional and financial risks
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- June 11 2018
Insurance penetration in India far below global average
More needs to be done to promote insurance as a way to manage risk rather than just a savings tool.
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- June 11 2018
Japan helps Myanmar to develop insurance sector
The country's insurance sector is expected to get a major boost from Japanese know-how in crafting rules and products.
