Country: Asia Pacific Page 383 / 490
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- March 22 2018
Etiqa reports record profits for 2017
The Malaysian insurer said its pre-tax earnings reached a record US$280m, up 18.5% from 2016.
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- March 21 2018
Financial Risk Solutions opens second Asia office
The unit-linked investment administration and compliance oversight software provider has opened in Hong Kong.
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- March 21 2018
JLT Re appoints new head of treaty business in Asia
Vinod Krishnan will be responsible for building the company’s treaty reinsurance offering in Korea and South-East Asia.
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- March 21 2018
Korea Development Bank postpones sale of life unit
The former Kumho Life will not be sold for at least two years or until it becomes more competitive.
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- March 20 2018
Allianz expands entertainment insurance to Asia
Damian Kerin, head of entertainment for Asia Pacific, is overseeing the Singapore launch.
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- March 20 2018
China’s two top insurers to report increased profits
Analysts are expecting Ping An and China Life to show double-digit profit increases.
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- March 20 2018
AIG names new head of Korea business
Douglas Min joins as president and CEO in Seoul, taking over from Steven Barnett.
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- March 19 2018
PolicyPal raises $20m from ICO
The Singapore insurtech startup raised 23,809 ethereum tokens through its initial coin offering.
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- March 19 2018
Japan to help develop Myanmar’s insurance sector
Prime minister Shinzo Abe made the commitment during the Myanmar-Japan Joint Economic Conference.
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- March 19 2018
Rescue plan for Indonesian life insurer collapses
Evergreen's planned rescue of the embattled Bumiputera has failed after disagreements over funds.
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- March 16 2018
Joined-up regulation
China’s banking and insurance regulators are merging as the country seeks to better control risks.
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- March 16 2018
Singapore’s LIA adopts new measures on incentives
The proposals cover sales targets, sign-on incentives and the monitoring of representatives.
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- March 16 2018
Singapore suffers first motor loss in seven years
The number of motor accidents increased to its highest level in 2016, resulting in claims of S$60m.
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- March 16 2018
Philippine regulator shuts down five non-life firms
The companies failed to meet capital requirements set in the country's insurance code since 2016.
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- March 15 2018
Nippon Life buys 5% stake in Deutsche asset management unit
The Japanese insurer is expected to invest around US$375m in DWS Group and get a seat on the board.
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- March 15 2018
Thailand life market to maintain growth
New bancassurance deals and a bigger pool of agents eligible to sell investment-linked insurance are drivers.
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- March 14 2018
China’s insurance and banking regulators to merge
The move is part of efforts to improve oversight of the financial system in the world’s second-largest economy.
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- March 14 2018
Philippines insurance premiums up 12% in 2017
The country's life insurance sector contributed more than three-quarters of total premiums.
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- March 13 2018
China’s premium income falls in January, says CIRC
Premiums dropped 19.9% in the first month of this year, compared to an increase of 18.2% in 2017
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- March 13 2018
Taiwanese life insurers warned against investment practices
Fixed-income assets reportedly constitute less than 20% of local life insurers’ total investments.
