Country: Asia Pacific Page 491 / 498
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- June 2 2015
Australia’s April and May storm claims hit US$1.55bn
Over US$3.45bn worth of claims related to catastrophes handled since November 2014.
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- June 1 2015
China’s corporate insolvency forecast to rise this year
Atradius, Euler Hermes and Coface all issue reports predicting an increase for mainland China insolvency.
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- June 1 2015
Global insurance fraud further aggravated by technology
Insurers and takaful operators posted an estimated loss of MYR760m (US$207m) in 2013.
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- June 1 2015
Japan’s nonlife insurers plan hike in auto insurance premiums
Growing number of accidents in Okinawa and the rise in vehicle damage caused by typhoons among the factors.
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- June 1 2015
Insurance penetration in the Philippines at 1.2%
Findings taken from a survey commissioned by Sun Life of Canada (Philippines).
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- May 30 2015
EastWest Bank and Ageas form Philippines joint venture
EastWest Ageas Life, a US$65m life insurance firm set to build bancassurance business in the Philippines.
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- May 30 2015
China Life Insurance elects new chairman of the board
Yang Mingsheng election comes a week after he was also elected as an executive director of the company.
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- May 30 2015
Fosun shifts focus to insurance
Conglomerate expected to sell more of its own equity as it focuses on developing its insurance business.
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- May 28 2015
Japan passes healthcare insurance reforms
Contribution percentages for patients aged 75 and over will be increased.
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- May 28 2015
Tokio Marine Kiln names trade and political risks underwriter in Singapore
Edmund Lee will focus on underwriting specialist credit, trade, surety and political risk products across Asia.
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- May 28 2015
India’s nuclear insurance pool may be launched this year
Indian government expected to put in some resources.
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- May 27 2015
Malaysia’s AmMetLife Takaful names new CEO
Mohamad Salihuddin Ahmad tasked with enhancing the group's takaful value proposition to customers.
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- May 27 2015
JLT plans India expansion
Plans to invest up to INR1bn (US$15.6m) while Pune office expected to hire 300.
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- May 27 2015
Taiwan’s Fubon Life pays US$540m for Madame Tussauds London site
Taiwanese life giant plans to buy as much as US$3bn of overseas properties.
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- May 27 2015
Asia’s protection gap to reach US$41tr – AIA
Insurance giant also signs joint collaboration agreement with I2R to determine the insurance needs of Singaporean consumers.
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- May 26 2015
ACE establishes new team to focuses on Hong Kong SMEs
Multiline insurer also appoints Joseph Lee as senior business development manager for the Commercial Lines team in HK.
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- May 26 2015
India now requires promoter to hold 26% in insurance firm
Mandatory 26% stake by local promoter will ensure accountability when a company goes for listing, says IRDA.
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- May 26 2015
Japan’s earthquake insurance premiums set to rise
Premium increase to be implemented in stages by 20% to 30% on average.
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- May 26 2015
Hong Kong tops table of health insurance premiums among expats
High cost of living, rising healthcare costs, and high volume of plans purchased attributed, according to a report.
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- May 25 2015
Swiss Re completes acquisition of RSA’s China business
World's second biggest reinsurer pays GBP71m (US$111m) to acquire Sun Alliance Insurance.
