Country: Asia Pacific Page 443 / 490
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- May 26 2016
Sale of ING Life generates lower-than-expected interest
Korean private equity firm MBK Partners has extended the sales offer deadline to allow more potential bids.
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- May 25 2016
China Mobile to invest US$306m in insurance market
China's largest wireless carrier plans to buy a 20% stake in two insurers from China Merchants Group.
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- May 24 2016
World Bank sets up US$500m catastrophe fund
The fund, which is the first of its kind in the world, will combat pandemics in poor nations.
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- May 24 2016
Thailand eyes compulsory insurance for rice farmers
The scheme is intended to ease the government's burden in helping farmers in the event of a calamity.
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- May 23 2016
Solvency ratios of 11 Chinese insurers near regulatory limit
At least 10 life insurance firms and one property insurance firm have solvency ratios that are nearing the regulatory red line.
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- May 23 2016
Kumamoto quake payouts are Japan’s second-largest
The recent earthquakes in and around Kumamoto Prefecture have incurred insurance payouts US$1.13 billion.
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- May 23 2016
Chinese operations boost Ageas’s Q1 profit
Ageas has posted a better-than-expected net profit for the first quarter of the year, thanks to new business premiums in China.
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- May 23 2016
Friends Provident names new Singapore MD
Andrew Waddell was previously principal and executive director at Lahinch Partners and co-led the establishment of AMP Advice.
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- May 20 2016
Shanghai insurance exchange to launch next month
Ninety-one Chinese companies have agreed to pool their resources to come up with the capital needed for the exchange.
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- May 20 2016
Japan’s top non-life insurers post record profit
Among other contributing factors, the mainstay auto cover business continued to boost earnings.
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- May 20 2016
India to revise IPO guidelines for insurers
The regulator has been working on changes to the existing public offering norms and expects to announce them soon.
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- May 20 2016
Korea seeks to revamp health insurance policies
The overhaul is part of an attempt to reduce the number of insurance fraud cases in the country.
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- May 19 2016
Fairfax mulls acquisition of Indonesian insurer
The Canadian insurer is reportedly in advanced talks to acquire majority shares in the non-life unit of Paninvest.
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- May 19 2016
Korean life companies’ investment returns forecast to fall
High interest-rate policies and the introduction of new accounting rules are affecting profitability in asset management units.
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- May 19 2016
Vietnamese insurers told to gear up for AEC and TPP
The country's legal framework for the sector is outdated and incomplete, and the industry lacks good governance, says one critic.
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- May 19 2016
Japanese insurers lower dividend payments
Four of Japan's top insurance companies are expected to report a decline in dividend payments on corporate pensions.
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- May 18 2016
China rolls out catastrophe home insurance plan
At least 45 insurers have joined the programme, which will issue special insurance products providing post-earthquake compensation.
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- May 18 2016
Singapore insurers told to boost sale of cyber policies
With penetration at less than 10%, local insurers have been urged to look to cyber risk management for growth.
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- May 17 2016
China Life to be a cornerstone in BOC Aviation IPO
China Life has committed to invest US$50 million in the public offering of the biggest aircraft lessor in Asia.
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- May 17 2016
Sun Life Grepa sees record growth in the Philippines
The Philippine joint venture insurance company posted premium income up 44% year-on-year in 2015.
