Country: Asia Pacific Page 379 / 490
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- May 8 2018
China’s life insurance sector to rise 10-fold by 2030
In the years ahead, the best performers are likely to be those that already have one foot in the door.
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- May 8 2018
Malaysian Re licences AIR catastrophe modelling platform
The company is deploying the solution to support its reinsurance operations for a broad range of risk management solutions.
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- May 7 2018
Three Singapore insurers fined for data breach
Aviva, NTUC Income Insurance Cooperative and AIG were fined for alleged inadvertent disclosures.
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- May 7 2018
ICBC-Axa Life to set up asset management arm
The move comes after Xi Jinping’s call to further open China’s insurance sector at the Boao Forum last month.
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- May 4 2018
China’s non-life woes
The country's life insurance sector isn't alone in facing significant challenges.
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- May 4 2018
India appoints outsider to lead Irdai
Subhash Chandra Khuntia is a lifelong bureaucrat and former chief secretary of Karnataka state.
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- May 4 2018
Korea sets up committee for insurance, banking licences
The FSC is also considering lowering capital requirements for financial businesses.
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- May 4 2018
Non-life market in China faces tough conditions
The outlook is negative, but market conditions are expected to get better in the near term.
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- May 4 2018
Chinese solvency ratios improving amid crackdown
The recent campaign to strengthen regulations in China is beginning to show benefits, says Moody's.
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- May 3 2018
India names new regulatory head
Subhash Chandra Khuntia will be the new chairman for the Insurance Regulatory and Development Authority of India.
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- May 3 2018
Korean insurers overseas losses decrease
Overseas branches reported a combined net loss of US$23.2m in 2017, compared with $70.3m in 2016.
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- May 3 2018
Pru Life signs Philippines bancassurance deal
Regulators have given the green light for the proposed bancassurance tie-up with Robinsons Bank.
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- May 2 2018
Max Life, Exide Life join bidding fray for IDBI Federal Life
Shareholders will carry out a detailed evaluation of shortlisted bidders over the next couple of weeks.
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- May 2 2018
Private equity firm bids for Royal Sundaram
True North and its global sponsors have made a rumoured US$400m bid for a 40% stake.
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- May 1 2018
Taikang Life backs Baidu’s new brand
The Chinese insurer is among a string of investors in Du Xiaoman, a fintech unit being spun off by the internet giant.
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- May 1 2018
Willis to benefit from Chinese licence
It is the first wholly foreign-owned broker to be able to operate like an equivalent Chinese firm.
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- April 30 2018
Zurich discussing US$100m IPO of Malaysian life unit
The Swiss insurer may opt to comply with 30% local ownership rule through an initial public offering.
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- April 30 2018
China Life’s net profit more than doubles
The improvement was due to updated discount rate assumption of reserves for traditional insurance contracts.
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- April 30 2018
Japan to partner with SEA nations on disaster insurance
The South-East Asia Disaster Risk Insurance Facility will make recovery funds immediately available.
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- April 27 2018
Asia powers growth in global insurance markets – Allianz
China set to become world’s largest insurance market – with premiums growing ~13% in coming years
