Country: Asia Pacific Page 474 / 529
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- August 12 2016
HDFC and Max pave the way for Indian consolidation
HDFC Standard Life and Max Life are going ahead with a merger that will create India’s biggest private-sector insurer.
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- August 12 2016
Singapore reports strong growth in life insurance sector
Weighted new business premiums in the city state rose 13% during the first half of 2016.
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- August 12 2016
Korea’s life and non-life insurers suffer contrasting fates
Life firms have performed poorly because of the prolonged low-interest environment and economic slowdown.
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- August 11 2016
Philippine insurance adjustment open for foreigners
The lifting of a foreign investment ban is seen as a way to encourage competition and best practices.
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- August 11 2016
Taiwan revision on equity charges hurts risk profiles
The recent move to revise risk charges on local insurers’ equity positions is credit negative, says Moody’s.
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- August 11 2016
Singapore IP insurers suffer high medical costs
Some Integrated Shield Plan insurers in the city are struggling as profits succumb to higher costs.
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- August 10 2016
HDFC Life and Max Life agree merger terms
The terms of the three-step merger have been announced after the boards of all four firms approved the terms.
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- August 10 2016
Japan urges better risk management over cross shareholdings
Waiting to be rescued by friendly companies is no way to deal with crises, warns Japanese industry body.
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- August 9 2016
Three new firms join domestic competition in China
Fosun United Health Insurance, Hetai and Aizin Life have been given the green light to launch.
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- August 9 2016
Malaysia market set for a major facelift
Bank Negara says the industry is set for its most significant transformation since the early 1990s.
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- August 8 2016
Only 2% of China flood losses covered by insurance
Economic losses from the recent Mei-Yu rainfall dwarfed the insurance claims, according to Aon Benfield.
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- August 8 2016
Aviva Asia’s value of new business drops
The weaker performance was largely attributed to the end of a bancassurance partnership with DBS.
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- August 5 2016
Mirae Asset eyes PCA Life acquisition
The deal is part of the midsize life insurer's plan to become one of Korea's top-five life insurers, outranking ING Life.
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- August 5 2016
Sun Life HK to buy FWD Life’s Bermuda pension business
The two companies will also enter into an exclusive 15-year pension distribution agreement.
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- August 5 2016
Philippines court upholds liquidation ruling on Prudentialife
The company will have to continue paying claims to policyholders, four years after it was put into receivership.
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- August 4 2016
Capital requirement for Philippine insurers to double
All existing insurers will have to increase their minimum capital to Ps550 million by the end of 2016.
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- August 3 2016
Korean non-life profits recover in first half
The favourable performance has been credited to the easing of losses in the auto sector.
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- August 3 2016
Singapore to finance insurance tech startups
Eligible startups will include those working on claims processing, fraud prevention and automated advice.
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- August 3 2016
Anbang’s plan to buy Allianz Korea still in limbo
The group hasn't applied for government approval, drawing speculation that the acquisition has stalled.
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- August 2 2016
Maybank Ageas plans to double in size by 2020
Malaysia’s fourth-largest insurer has not ruled out acquiring other insurers to boost its size.
