Country: Asia Pacific Page 386 / 499
-
- June 1 2018
Majority foreign ownership in Chinese insurance ventures likely
The change for life insurance JVs is proposed in the latest draft regulatory amendments under consideration.
-
- May 31 2018
AIA hires chief digital officer
Daisuke Iwase joins from Lifenet Insurance, a listed direct life insurance firm in Japan, where he was president.
-
- May 31 2018
Ex-Anbang Insurance chairman appeals conviction
Wu Xiaohui has reportedly appealed his conviction of embezzling about US$12 billion in funds.
-
- May 31 2018
ANZ New Zealand sells OnePath Life to Cigna
The NZ$700m (US$484m) is part of the Australian company’s efforts to simplify its operations.
-
- May 30 2018
China imposes US$9.8m fines on insurers
Violations that incurred penalties included irregularities such as misleading sales pitches and fake materials.
-
- May 30 2018
Anbang begins search for strategic shareholder
The troubled insurer is seeking private investors as part of its transition from Chinese state control.
-
- May 30 2018
Allianz Malaysia net profit up nearly 30%
The increase was attributed to higher premiums from the motor business on the general insurance side.
-
- May 29 2018
Korean non-life insurers see fall in profits
The loss was partly attributed to accidents arising from cold weather conditions, government data shows.
-
- May 28 2018
Premiums written by India’s non-life insurers up 14%
Gross premiums rose to Rs138.8bn (US$2.03bn) in April compared to the same month of last year.
-
- May 28 2018
Malaysian Re partners with Argo Managing Agency
The partnership is strategic in nature and a key component of Malaysian Re's business transformation 2020.
-
- May 28 2018
Japanese insurers’ efforts to combat climate change still inadequate
Investment strategies are still not in accord with the Paris Agreement goals and progress has been very slow.
-
- May 28 2018
Lisa Sun to lead AIG’s business in China
She joins the insurance group from Mercer, where she was CEO of its Hong Kong and South and East Asia zone.
-
- May 25 2018
Mitsui Sumitomo returns to China life market
The MS&AD subsidiary has agreed to pay Rmb4.325b (US$668m) for a 37.5% stake in BoCommLife Insurance.
-
- May 25 2018
China jails former PICC president
Wang Yincheng has been sentenced to 11 years imprisonment for allegedly taking bribes.
-
- May 25 2018
Singapore’s finance and insurance sector accelerates
The city-state’s life insurance industry recorded a 14% rise in weighted new business premiums in the first quarter.
-
- May 25 2018
Philippines insurance sector logs 34% premium growth
Total premiums collected in the January-March period increased 34.4% to P76.64bn (US$1.46bn).
-
- May 24 2018
China’s online property insurance premiums rebound
Consumers are favouring apps and third-party platforms ahead of through insurers' websites.
-
- May 24 2018
Indonesia affirms 80% ownership cap on foreign insurers
Overseas insurers that control more than the cap will be allowed to continue to operate.
-
- May 24 2018
Australia’s CBA sells BoComm stake to Mitsui Sumitomo
The sale will fulfil a condition of the sale of its life insurance businesses in Australia and New Zealand to AIA.
-
- May 24 2018
Korean life insurers see net profits fall
Dwindling sales of savings-type products and weaker investment returns are reducing income.
