Country: Asia Pacific Page 452 / 490
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- March 3 2016
Lloyd’s set to double onshore China premiums
Reinsurance is moving onshore as China’s new solvency rules punish overseas reinsurers with stiff capital charges.
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- March 3 2016
India to list state-owned general insurers
Finance minister Arun Jaitley plans to sell off four non-life companies fully owned by the government.
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- March 2 2016
China Life pays US$3bn for stake in China Guangfa Bank
The Chinese insurer will buy the 20% holding from Citi and IBM in an effort to boost its financial services business.
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- March 2 2016
Negative rates push Japanese firms to raise premiums
The consequences of the Bank of Japan's policy continue to spread in the country's financial sector.
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- March 2 2016
China to announce plan for financial super-regulator
The proposal would see the country's banking, securities, and insurance regulators merged into one entity.
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- March 1 2016
Unit-linked business forecast to still grow in Indonesia
The Indonesian Life Insurance Association forecasts growth of 10% to 15% this year to more than US$6bn.
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- March 1 2016
Taiwan legislators consider revision of insurance law
The existing law prevents insurance carriers from paying out compensation to beneficiaries under 15.
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- March 1 2016
Philippines urged to expand crop insurance
An NGO has made the call as presidential candidates are touring the country campaigning for the May 2016 election.
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- March 1 2016
Thailand exempts insurers from foreign business licence
The government is making it easier for foreign financial firms to operate in the country, says Baker & McKenzie.
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- February 29 2016
Chinese firms raise allocations to alternative assets
CIRC releases statistics that shows mainland insurers significantly raising their exposures in 2015.
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- February 29 2016
Philippine premiums forecast to hit US$5.9bn this year
The Philippine Insurance Commission says further expansion expected in both the life and non-life sectors.
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- February 26 2016
Property is king for China’s acquisitive insurers
China’s domestic insurers are increasingly buying up stakes in the country’s listed property developers.
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- February 26 2016
Chinese bidders queue up for Allianz Korean life business
Fosun and Anbang are reportedly showing interest in the asset, which is said to be worth US$500 million.
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- February 26 2016
China’s reinsurance market to hit US$198bn by 2020
The market is expected to grow at a yearly rate of 40% from 2014 to 2018, according to a report by Zion Research.
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- February 26 2016
Chinese developer eyes HK’s Dah Sing Life Assurance
Country Garden has joined China Life and other bidders for Dah Sing Financial's insurance arm.
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- February 25 2016
Zurich denies rumours of Singapore, HK sale
The Swiss insurer is not considering the sale of its businesses in the two cities, contrary to market rumours.
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- February 25 2016
Sompo Japan to merge health, risk-consulting units
The move is aimed at strengthening marketing capabilities as well as product and service development.
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- February 25 2016
Mitsui Sumitomo returns to cat bond market
The Japanese major is returning to the catastrophe bond market almost four years after its last transaction.
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- February 25 2016
Anbang joins bid to buy Hyundai Securities
The Chinese insurer is up against Fosun Group and Korean firms KB Financial and Korea Investment & Securities.
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- February 24 2016
Malaysia’s life coverage up 6.2% in 2015
The market posted coverage of M$1.24 trillion, according to the Life Insurance Association of Malaysia.
