Country: Asia Pacific Page 433 / 490
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- September 1 2016
Philippine deposit insurer issues warning
The insured status of institutions that engage in unsafe deposit-related banking practices will be terminated.
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- September 1 2016
Tokio Marine eyes RHB’s general insurance unit
The deal is estimated to be worth up to US$500m, based on a price of around three times book value.
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- September 1 2016
Anbang seeks approval to buy Allianz Korea
The Chinese insurer has already won regulatory approval from authorities in Beijing.
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- August 31 2016
China Life to increase outbound investment
After a 67% profit plunge in the first half of 2016, the Beijing-based insurer is shifting US$47b offshore.
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- August 31 2016
HMOs want to renegotiate Philippines guidelines
An industry group says the new requirements are too stiff given that this is the first time they are being imposed.
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- August 30 2016
Indian life insurers keep up high growth rates
New premiums were buoyed by better distribution channels, low rates and better expectations from unit-linked products.
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- August 30 2016
China to limit insurers’ funding sources for M&A
The country’s insurance regulator is cracking down on aggressive acquisitions.
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- August 30 2016
Players urged to tap under-served takaful market
Penetration rates for takaful remain lower compared to the traditional insurance market.
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- August 29 2016
Taiwanese insurer ordered to pay premiums
Taiwan’s Nan Shan Life risks paying penalties if it does not contribute to its agents’ health insurance coverage.
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- August 29 2016
Japan’s quake insurance contracts top 60%
There has been a surge in coverage since the March 2011 earthquake and tsunami that struck the Tohoku region.
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- August 26 2016
China’s surging private health market
China’s crowded and inefficient public hospitals are encouraging people to turn to private health insurance.
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- August 26 2016
Malaysia’s general insurance industry grows 3%
The industry generated premium income of US$2.3b for the first six months this year, said PIAM.
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- August 26 2016
China cracks down on short-term policies
CIRC is identifying measures to suppress policies that compete with wealth management products.
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- August 26 2016
Korean insurers’ RBC ratio continues to rise
Under local regulations, insurance companies are required to maintain risk-based capital ratios above 100%.
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- August 25 2016
Anbang’s Hong Kong insurance unit to go public
The Chinese insurer has reportedly invited investment banks to pitch for roles on the IPO of its life insurance business.
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- August 25 2016
China’s reinsurance market to reach US$198bn by 2020
As the market grows, reinsurance premiums are expected to increase at a rate of 10% to 15% over the next few years.
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- August 24 2016
Dai-ichi’s subsidiary to acquire US Warranty Corp
The US$127m acquisition of the asset protection specialist is expected to conclude as early as this year.
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- August 24 2016
Malaysia’s Islamic insurers eye European markets
The continent's swelling Muslim population presents a long-term opportunity.
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- August 24 2016
Taikang aims for public listing in three years
The group will first consolidate its structure and lay out a clear strategy for the future.
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- August 23 2016
Singapore to improve ElderShield
The enhancement will complete the strengthening of Singapore’s social safety net during the past decade.
