Country: Asia Pacific Page 470 / 498
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- November 27 2015
Chinese insurers’ overseas real estate splurge continues
DTZ/Cushman & Wakefield says that Chinese insurers will spend US$73bn on overseas properties in the next five years.
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- November 27 2015
Indonesia growth to continue despite slowdown
Growth will be buoyed by the country's low penetration rate, improving risk awareness and rising population and affluence.
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- November 27 2015
Sompo sets up reinsurance unit in Zurich
The Japanese insurer has set up a reinsurance company in Switzerland under its wholly owned subsidiary Canopius.
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- November 26 2015
Korean online insurance supermarket to launch next week
The Insurance Damoa website will let customers compare different insurance plans online.
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- November 26 2015
Taiwan trims yield requirement for property investments
The FSC has cut insurers' mandated yield from domestic commercial real estate to 2.555%.
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- November 26 2015
Chinese investment in insurance industry set to continue
The sustained influx of Chinese capital is triggering competition among insurers around the world.
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- November 26 2015
Allianz teams with Baidu for online China JV
The new venture will offer a range of products, including travel, health and internet finance insurance.
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- November 25 2015
Manulife completes US$1bn fundraising
The 12-year subordinate bonds pay a coupon of 3.181% and are guaranteed by Manulife Financial.
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- November 25 2015
Malaysia’s AmGeneral mulls takaful expansion
AmBank chairman Azman Hashim says the group's insurance unit is looking into a takaful licence.
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- November 25 2015
Sichuan province launches earthquake insurance trial
Under the plan, the provincial government will subsidise 60% of the insurance fees for most residents.
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- November 24 2015
Qantas enters Australia’s life insurance market
The Aussie airline is launching its own branded health insurance products in partnership with nib.
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- November 24 2015
Evergrande buys stake in Chinese insurance JV
The Chinese property developer will pay US$617m for a 50% stake in Great Eastern Life Assurance (China).
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- November 24 2015
Fosun completes Ironshore acquisition
The Shanghai-based company has won approvals for the remaining 80% equity stake it didn't yet own.
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- November 24 2015
NAB Nippon Life aims to lead Australia’s life market
The joint venture company is aiming to become the largest writer of life insurance premiums Down Under.
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- November 23 2015
OCBC Bank claims lead in Singapore’s bancassurance market
Singapore's OCBC Bank said it has overtaken DBS Bank in terms of bancassurance sales.
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- November 23 2015
Indonesia’s insurance industry forecast to grow in 2016
The Financial Service Authority has also forecast the insurance industry will grow significantly.
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- November 23 2015
Russia’s Sogaz Insurance seeks China licence
One of the largest federal insurers in Russia is seeking to open a representative office in Beijing.
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- November 23 2015
More foreign insurers to set up shop in China
President Xi Jinping, in a speech at the Apec summit in Manila, said China will further open its economy.
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- November 20 2015
China considering new financial super-regulator
A regulatory official has revealed that banking, insurance and securities regulators may be merged.
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- November 20 2015
European insurers suffer highest losses from Tianjin
Zurich's US$275 million loss was the highest among insurance companies from around the world.
