Country: Asia Pacific Page 437 / 510
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- March 15 2017
Indonesia approves two new reinsurance brokers
The Financial Services Authority has issued operational licences to JLT Reinsurance Brokers and Inare Proteksi International.
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- March 15 2017
Foresea Life chairman resigns
Yao Zhenhua resigned after getting a 10-year prohibition order from China’s insurance regulator.
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- March 14 2017
Filipinos with microinsurance cover up 8% in Q4
Microinsurance, which offers coverage of P10,000 (US$200) to policyholders, continues to make waves in the Philippines.
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- March 13 2017
Hong Kong told to develop incentives for reinsurers
Insurers and brokers are moving their businesses to Singapore where economics of scale and tax benefits are preferable.
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- March 13 2017
Fewer nonlife firms in the Philippines expected this year
Numbers are expected to decline this year as the regulator imposes higher capital requirements for insurers.
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- March 10 2017
Asia’s last insurance frontier
Foreign insurers have been waiting for the opportunity to do business in Myanmar since 2015.
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- March 10 2017
Fairfax approved for second Indian venture
India’s insurance regulator has given initial clearance to its joint non-life venture with Oben General Insurance.
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- March 10 2017
Cathay Financial to buy Bank of Nova Scotia Malaysia unit
The Taiwanese group said its bank and life insurance units plan to jointly acquire the Canadian bank's subsidiary.
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- March 9 2017
Net income of Philippines firms up 26%
Premiums rose in the last three months of 2016 thanks to the expanded sale of life policies.
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- March 8 2017
Swiss Re Corporate Solutions opens KL office
The office will function under a Labuan FSA reinsurance licence and will be led by Juerg Stoll.
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- March 8 2017
Singapore insurers told to do the right thing
Regulator says insurers should do more than just comply with rules and implement control measures.
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- March 8 2017
Zhong An to sell up to 10% stake to investors
China’s first internet-only insurer intends to raise funds before its planned initial public offering.
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- March 8 2017
AIA wins licence to operate in Cambodia
The group will start operations by the end of the year in a market with significant growth potential.
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- March 7 2017
Penalty against 22 insurers in Malaysia not final
The Malaysia Competition Commission has said the general insurers still have 30 days to appeal their case.
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- March 7 2017
Big insurers may face less scrutiny in China
Insurance authorities are planning an industry-wide shakeup that will see smaller insurers face stricter regulation.
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- March 6 2017
IMG acquires ALC Health
The global benefits and assistance services provider has acquired UK-based à la carte healthcare.
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- March 6 2017
China consortium joins bid for Hong Kong Life Insurance
The consortium will be up against China’s state-owned Yue Xiu in a deal valued at more than US$700m.
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- March 6 2017
Regulations to alter Malaysia’s life insurance industry
Bank Negara Malaysia's upcoming regulatory changes will make it tough for part-time insurance agents to survive.
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- March 3 2017
Citic-Pru Life approved to open Sichuan branch
The development comes after the JV announced plans to expand into Anhui province in November last year.
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- March 3 2017
Japan non-life insurers increased leverage in 2016
Average financial gearing grew to 6.1% in 2016 amid an expansion of insurers' international acquisitions.
