Country: Asia Pacific Page 460 / 522
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- October 28 2016
Zurich eyes bancassurance growth in Indonesia
More growth in bancassurance business is expected as Zurich Topas Life partners with Bank CTBC Indonesia.
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- October 28 2016
Asahi Mutual Life to focus on overseas infrastructure
The Japanese insurer is moving away from domestic bonds to invest in overseas projects for the first time.
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- October 28 2016
IAG expansion to China too risky and too expensive
The company said it listened to shareholders, but had ultimately taken its own decision to pull out of China.
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- October 27 2016
Insurance agents warned against referral fees
The Life Insurance Association of Singapore has said that charging referral fees is unethical.
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- October 27 2016
Axa Singapore’s life and general insurance units to merge
The consolidation will cost US$1 million and will affect the French insurer's health insurance setup in Singapore.
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- October 27 2016
Philippines’ mandatory nat-cat insurance under review
The Philippines’ Insurance Commission will review the proposed compulsory catastrophe insurance cover.
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- October 26 2016
Profits up for Korea’s non-life insurers
A solid performance in the auto insurance segment boosts hope amid lingering low interest rate environment.
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- October 25 2016
Bangkok Insurance looks to re-enter Vietnam
After pulling out of Vietnam 10 years ago, BKI is studying a possible re-entry into the neighbouring market.
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- October 25 2016
China Oceanwide to acquire US insurer Genworth
The US$2.7 billion cash deal will help Genworth manage its debt and boost its insurance operations.
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- October 24 2016
Malaysia probes insurers for anti-competitive practices
Several firms are under investigation over price-fixing in the motor vehicle repair industry.
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- October 24 2016
Korean insurers urged to improve risk controls
With global uncertainties such as protracted low interest rates, new measures are needed.
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- October 24 2016
Mitsui Life looks to outsource bond investments
Low rates have caused the yield of domestic bonds to dive, forcing Japanese insurers to look offshore.
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- October 21 2016
Korean pensioners try cat bonds
A Korean pension fund has become the first financial institution in the country to invest in catastrophe bonds.
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- October 21 2016
Online platforms drive growth in China
This year has seen some 330 million customers buy insurance through the internet.
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- October 21 2016
Myanmar and India sign insurance cooperation
The MoU was signed in the presence of Narendra Modi and Aung San Suu Kyi.
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- October 20 2016
Foreign reinsurers likely to get R2 approval in India this month
An R2 or second-phase approval looks imminent for foreign reinsurance firms seeking a branch licence in India.
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- October 20 2016
China Life warns of 60% profit dip
The decline is largely a result of weak investment income, the company said in a filing to the stock exchange.
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- October 20 2016
Hanwha Life acquires 4.1% stake in Lending Club
Investing in the world’s largest peer-to-peer lender is part of an effort to enhance its fintech capabilities.
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- October 20 2016
Malaysia’s insurance sector fails to meet expectations
Though the sector did expand at an annual 13.3% growth rate until 2010, in recent years it has remained flat.
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- October 19 2016
Takaful Malaysia posts 30% profit jump
Higher sales in family and general takaful businesses, as well as wakalah fee income, fuelled a 30% increase.
