Country: Asia Pacific Page 398 / 490
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- October 4 2017
Assets of China’s foreign-funded insurers growing
Insurance companies funded by foreign capital registered total assets of over Rmb1tn, says CIRC.
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- October 4 2017
Tokio Marine to buy AIG medical insurance unit
The Japanese insurer will buy the business through US subsidiary HCC Insurance for over US$266m.
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- October 3 2017
Suncorp plans to sell life insurance unit
The move comes after chief executive Michael Cameron commenced a strategic review of the division in February.
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- October 3 2017
SBI Life debut on stock market
India's largest private life insurer is set to make its stock market debut, with experts saying it will open strongly.
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- October 3 2017
Myanmar to grant licences to foreign insurers
The announcement comes after the nation embarked on decentralisation efforts for its insurance market.
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- October 2 2017
Taiwan insurers advised to hedge forex risk
The Taiwan Futures Exchange has urged insurers to minimise the effects of a drop in the US dollar’s value.
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- October 2 2017
Etiqa completes acquisition of Indonesian insurer
Maybank's wholly-owned insurance arm has completed its acquisition of Asuransi Asoka Mas for US$15.35m.
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- September 29 2017
DBS and Chubb ink 15-year regional distribution deal
The bancassurance agreement covers five markets: Singapore, Hong Kong, Taiwan, Indonesia and China.
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- September 29 2017
Relying on India
Reliance Capital is launching a standalone health insurance company to capitalise on the country’s growth.
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- September 29 2017
ZhongAn debuts in Hong Kong
Shares in China’s first online insurer got off to a flying start, but the company faces challenges.
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- September 29 2017
Vietnam market remains upbeat
Sustained product awareness and continued economic expansion have helped premiums to grow 21%.
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- September 29 2017
Allianz completes sale of Korean unit to Anbang
The deal completed after the Financial Services Commission finally approved the transaction earlier this week.
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- September 29 2017
Gen Re eyes further expansion in India
The Berkshire Hathaway unit plans to corner a larger share of the country's fast-growing reinsurance market.
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- September 28 2017
Korean insurers brace for new accounting rule
Insurance providers will have to maintain a two-track record of their financial statements, beginning next year.
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- September 28 2017
Nippon Life in talks to acquire stake in TCW Group
The Japanese giant has begun discussions on its plan to buy a 20-30% stake in the US asset manager.
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- September 27 2017
CIRC to focus on regulation, not enterprise work
The regulator says it will clean up its image and treat all market entrants and insurance companies fairly.
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- September 27 2017
Ping An’s technology unit to focus on external customers
The strategy is part of parent company Ping An Insurance’s efforts to remodel itself into a tech-driven financial conglomerate.
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- September 26 2017
India approves two digital insurers
Acko and Digit Insurance are relying on their technology platforms to differentiate from traditional insurers.
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- September 26 2017
China’s former insurance regulator faces charges
Xiang Junbo is set to be charged after the corruption case against him has been handed over to prosecutors.
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- September 25 2017
HK Insurance Authority, UK regulators sign fintech deal
A recent cooperation agreement is seen to spur more fintech activities in the Asian territory.
