Country: Asia Pacific Page 392 / 511
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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.
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- August 8 2018
Chubb launches flight delay insurance in Australia
Offered in partnership with Swiss Re, the new policy pays out automatically for delays as short as 30 minutes.
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- August 7 2018
Philippines not ready for takaful
The Insurance Commission has said that the country is not yet ready to introduce Islamic insurance.
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- August 7 2018
Thai non-life sector faces profit squeeze
Margins could be constrained by intense pricing competition following premium deregulation.
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- August 6 2018
Fubon Life fined for inadequate documentation
Poor record keeping of company business practices has resulted in fines of US$411,000 by the FSC.
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- August 6 2018
Online insurance set for dramatic growth in India
The sector is expected to grow to US$8.7bn over the next five years, according to RenewBuy CEO.
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- August 3 2018
China’s solar challenge
Solar power poses a particularly tricky problem due to panel warranties that typically provide a 25-year guarantee.
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- August 3 2018
India’s cabinet approves IDBI-LIC stake deal
Life Insurance Corporation will buy a 51% controlling stake in the debt-laden IDBI Bank.
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- August 3 2018
Labuan IBFC eyes further growth in captive business
The centre has already approved another four captives this year, compared to six in the last financial year.
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- August 3 2018
FWD considering Singapore IPO?
Hong Kong billionaire Richard Li is reportedly weighing the possibility of listing away from home.
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- August 3 2018
Stable outlook for China’s P&C insurers amid crackdown
The outlook is underpinned by regulatory measures that protect the industry from intensified motor insurance competition.
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- August 2 2018
China’s motor premium deregulation squeezes insurer margins
Fitch forecasts weaker underwriting margins due to deterioration in the claim ratio from the motor segment.
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- August 2 2018
Thai life assurance firms report 5% growth in premiums
Business was up 5% from the previous six months, according to the Thai Life Assurance Association.
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- August 1 2018
FWD eyes dual-class IPO in Singapore
The group is reportedly considering an offering in the Lion City as an alternative to listing in Hong Kong.
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- August 1 2018
Export credit insurance up in Belt and Road countries
Coverage by Sinosure grew 12.8% to reach US$290.36bn during the first half of the year.
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- August 1 2018
China gives preferential treatment to HK reinsurers
Qualified reinsurers in the city will benefit from a lower credit risk charge under C-ROSS.
