Country: Asia Pacific Page 467 / 516
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- June 10 2016
Philippines insurers push for VAT removal
The Philippine Insurance Commission has urged the government to reconsider value-added tax proposal.
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- June 10 2016
Thailand’s life sector growth to slow until 2026
High penetration rate and increasing competition will result in slower market growth, says Allianz.
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- June 10 2016
Korea Development Bank life unit up for sale again
After two failed attempts to sell a majority stake in KDB Life Insurance in 2014, state-run KDB is trying again.
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- June 9 2016
AXA to expand farm insurance programme in Indonesia
AXA may offer crop insurance more widely after the success of its pilot project in Malang, East Java.
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- June 9 2016
Baidu sets up new online car insurance firm
The Chinese insurer is venturing into the business through a partnership with China Pacific Property & Casualty.
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- June 9 2016
Firms settle nearly 90% of earthquake claims in Nepal
Nepal's insurance regulator says that claims worth US$107m have been settled out of an estimated US$156m of total claims.
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- June 8 2016
Shanghai to accelerate insurance sector development
Modernisation and internationalisation aimed at becoming an international insurance centre in the next five years.
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- June 8 2016
Great Eastern sells Vietnam business to FWD
The OCBC-owned insurer is selling its business in the country to FWD Life Insurance for US$48.2 million.
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- June 7 2016
CIMB to sell Sompo Japan products in SE Asia
Malaysia's second-largest bank has struck a distribution deal for the Japanese insurer's non-life products.
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- June 7 2016
Japan quake insurance payouts rise to US$2.2bn
In just one week, insurance payouts for the Kyushu earthquakes in April have risen another 35%.
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- June 6 2016
Philippine regulator issues bill of rights
Insurance companies operating in the Philippines will now have to observe the Bill of Rights for Policyholders.
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- June 6 2016
Thaihot wins race for Dah Sing’s insurance unit
The Chinese group has reportedly agreed to pay US$1.4bn in what could be Hong Kong's most expensive insurance deal ever.
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- June 3 2016
Reinsurance under C-ROSS
Dozens of reinsurers moved onshore in response to China's introduction of its new solvency regime.
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- June 3 2016
China approves tax-deductible health schemes
Taxpayers in 31 major cities will be able to deduct taxable income paid into qualifying policies.
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- June 3 2016
China to inspect insurance investments
CIRC has informed insurers and related asset managers that it plans to inspect investments in onshore and offshore markets.
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- June 3 2016
Double-digit growth forecast for Indonesia this year
PwC says respondents to its recent survey predict the industry’s growth could be as high as 15%.
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- June 3 2016
Philippine insurance regulator named first Mefin head
Emmanuel Dooc will chair the newly created Mututal Exchange Forum on Inclusive Insurance in Asia.
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- June 2 2016
World’s top insurers eye South-East Asia acquisitions
Forthcoming opportunities include a stake sale in Siam Commercial Bank insurance unit SCB Life Assurance.
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- June 2 2016
China’s draft insurance rules worry foreign trade groups
A new cyber security law may require international insurers to buy substandard or insecure technology from China.
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- June 2 2016
Philippines exceeds micro-insurance target
Almost three out of every 10 Filipinos are covered by cheap insurance products, providing a benchmark for other Asian countries.
