Country: Asia Pacific Page 449 / 499
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- June 22 2016
Hong Kong market grows strongly in Q1
The upbeat tempo has been attributed to the establishment of the Independent Insurance Authority.
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- June 21 2016
Asean pushes for integration of insurance sector
Member countries have set up a working group that will look into the integration of the sector within the region.
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- June 21 2016
Zurich sells general insurance operations in Taiwan
The sale is part of its efforts to restructure its global organisation and curb a decline in profitability.
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- June 21 2016
China Life vies with Yunfeng in iKang bid
A bidding war has ensued between the two Chinese buyers, who both want to delist the healthcare provider from Nasdaq.
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- June 21 2016
Max Financial and HDFC eye merger
The deal will potentially create the biggest private insurer in the country, overtaking ICICI Prudential.
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- June 20 2016
Fitch cuts outlook on 11 Japanese insurers
Increasingly difficult for insurers to be rated above the sovereign if they hold high levels of government debt.
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- June 20 2016
ANZ likely to sell insurance business
The sale is a response to regulatory challenges following the global financial crisis.
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- June 20 2016
Ping An eyes Hong Kong listing of securities unit
The majority-owned subsidiary of Ping An will sell up to 25% of the its total shares in the city.
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- June 20 2016
Losses from Kumamoto quake near US$3bn
Insurance and reinsurance losses continue to mount amid a late surge in claims payouts for damages.
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- June 17 2016
Taiwan firms warned against policy violations
The regulator is concerned about the high number of insurers burdened with excessive fees paid on sales .
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- June 17 2016
Chinese, European regulators to share information
The two industry watchdogs have agreed to share information on their frameworks for pensions and insurance.
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- June 17 2016
First parametric solution for Indonesian provinces
Aswata, Mercy Corps and Swiss Re introduce solution for microfinance institutions in Aceh and West Sumatra.
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- June 16 2016
Malaysian takaful sector remains upbeat
The Islamic market is expected to withstand changes in the economic environment and continue growing at least until 2018.
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- June 15 2016
Korean Re hits new record-high profit
Banking on swelling demand, Korea’s sole reinsurer is confident of continued strong growth.
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- June 15 2016
China Life pours $600m into car-hailing app
The investment in Didi Chuxing comes at a time when the top Chinese car-hailing app is struggling to fend off Uber.
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- June 14 2016
Five Philippine non-life insurers set to merge
Unable to raise enough paid-up capital required by the regulator, the P&C firms are set to tie up before year-end.
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- June 14 2016
Korean insurers sell property to meet new accounting rule
Changes in international accounting standards will require additional reserves once the new rules take effect.
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- June 13 2016
Aviva eyeing Singapore military contract
The insurer is reportedly in the lead to secure a contract to insure the Singapore Armed Forces and Ministry of Home Affairs.
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- June 13 2016
Japanese industry halts sales of savings-type plans
Negative interest rates have forced leading Japanese nonlife insurers to stop selling savings-type policies, according to reports.
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- June 13 2016
Claims from global disasters in May hit US$7bn
Five separate instances of flooding in China contributed economic losses of more than US$1.5bn.
