Country: Asia Pacific Page 414 / 511
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- November 24 2017
Anbang ordered to cut shareholdings in another two banks
Stakes in China Minsheng Banking and China Merchants Bank must be cut to no more than 5%, say regulators.
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- November 24 2017
Allianz and Sri Ayudhya Capital to deepen cooperation in Thailand
The two companies will enter into strategic transactions across both life and general insurance.
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- November 23 2017
DeltaDigital launched as Singapore’s first online financial lines tool
It offers instant quotes for products such as cyber, professional liability, technology professional liability and management liability.
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- November 23 2017
Allianz Global Corporate & Specialty expands in China, Indonesia
The business has started operations in Beijing and Jakarta to meet growing demand in the corporate insurance segment.
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- November 22 2017
Three Chinese insurers punished over “problematic” policies
The three companies have been banned from applying for permission to sell new products for six months.
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- November 22 2017
Vietnam premiums up 20%
The country's insurance industry continues to expand, with total premiums reaching US$3.7bn through October.
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- November 22 2017
US$2.2tr of China’s insurance funds utilised in Q1-Q3
The amount is 9.38% higher than the total insurance funds used as of the end of last year.
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- November 22 2017
Zhongtian Financial to pay US$4.7bn for stake in Huaxia Life
It will buy the stakes from Beijing Qianxi Shihao Electron Technology and Beijing Zhongsheng Century Technology.
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- November 21 2017
New shipowners’ insurance launched in Hong Kong
The Hong Kong China War Risk Syndicate covers marine hulls for acts of war, piracy and other potential dangers.
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- November 21 2017
Life insurers to benefit from China’s eased restrictions
The decision to ease restrictions on foreign ownership of financial firms is expected to attract more investment.
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- November 20 2017
FWD appoints new chief executive for Thailand
Poramasiri Manolamai takes over from the current chief executive for Thailand, Mike Plaxton, effective January 1, 2018.
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- November 20 2017
Korean insurers ask for government help on earthquake risk
Insurers say earthquake policies will not be profitable unless the government shares a bigger financial burden.
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- November 17 2017
AIA launches HK’s first blockchain-enabled bancassurance
The technology will cut the time it takes to process insurance applications while improving transparency.
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- November 17 2017
Insurers in Malaysia target local capital
Global insurers are aiming to comply with the June 2018 deadline to achieve a 30% local shareholding.
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- November 17 2017
Asia drives Prudential’s new-business profit
Higher sales volumes and a boost from higher interest rates have driven results so far this year.
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- November 16 2017
Moody’s welcomes China’s removal of foreign ownership cap
The new regime is credit positive for both foreign and domestic life insurers, says the rating agency.
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- November 16 2017
Manulife appoints Singapore CEO
Khoo Kah Siang joins from Great Eastern and will take up the role in February next year.
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- November 15 2017
HK to collect levy from insurance policyholders
The Insurance Authority will start at 0.04% during the first phase and will gradually increase.
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- November 14 2017
Huaxia Life raises stake in China Minsheng Bank
Although its owner is believed to be detained by mainland authorities, the insurer continues to make investments.
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- November 14 2017
PNB Metlife signs India bancassurance deal
The deal with Bank of Bahrain and Kuwait provides access to major metro areas such as Mumbai, Hyderabad, Aluva and New Delhi.
