Country: Asia Pacific Page 554 / 555
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- April 14 2015
Fitch affirms IFS A- rating of China’s Huaxia Life
The Beijing based insurer has become the largest player in the UL segment in terms of new premiums, says Fitch.
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- April 14 2015
Sri Lanka’s insurance industry grows 13.2%
Analysts expect more insurers to invest in Sri Lanka which has 22 licensed insurance companies operating in the Country.
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- April 14 2015
Taiwan government to takeover underperforming insurers
Insurers with a risk-based capital ratio of less than 50% may be acquired.
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- April 13 2015
Sri Lanka’s insurance board names new director
Asanga joins IBSL having served in the government sector for the last decade.
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- April 13 2015
Thai regulators urged to promote ULIPs
Introduced to the market in 2009, ULIPs are expected to play a vital role despite the challenges.
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- April 13 2015
Malaysia, Saudi Arabia to lead premium growth of global takaful sector
A report by AM Best sees significant opportunities for takaful operators but challenges remain.
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- April 11 2015
Thailand to cut deposit insurance coverage in August
Reduction prompts investors to the bond market.
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- April 11 2015
Experts call for scaled up universal health coverage in Bangladesh
Government contribution to the health sector in Bangladesh said to be only 25%.
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- April 9 2015
Fubon considering cross-strait cooperation with Ping An
Policyholders would be able to settle a claim at more than 700 China Ping An service counters should they have an accident in China.
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- April 9 2015
Manulife inks USD1.2bn Asia distribution deal with DBS Group
Deal also allows DBS’ six million-strong retail, wealth and SME customer base to access the various life and health insurance solutions offered by Manulife.
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- April 9 2015
Myanmar sets rules for foreign insurance firms in economic zones
Foreign insurance companies required to pay a license fee to be allowed to operate in the country's special zones.
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- April 9 2015
China Life and Ping An make their first US real estate investment
The project includes a 13-story office building and a 100-unit, nine-story condominium tower.
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- April 9 2015
US eases collateral requirements for Japanese reinsurers
Reinsurers licensed and domiciled in Japan can now operate in the US with reduced levels of collateral.
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- April 8 2015
Bank Rakyat Indonesia to acquire local life insurance company
Bank to allocate approximately USD232 million to fund its planned acquisitions.
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- April 8 2015
Vietnam insurer to sell shares to foreign strategic investors
Company to also open two seats on its managing board for investors.
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- April 7 2015
Taiwanese insurers face higher risks as forex holdings rise
Local insurance firms have minimal margins to absorb unfavorable foreign fluctuations.
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- April 7 2015
Malaysia’s life insurance industry to grow up to 10% in 2015
Government has set a target of at least 75% of insurance coverage for Malaysians by 2020.
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- April 3 2015
Pakistan raises minimum capital requirements
According to the SECP, raising the minimum paid-up capital requirements for insurers is an attempt to strengthen the country's insurance sector.
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- April 3 2015
Japan starts cover for tankers carrying Iranian oil
The threat of continued sanctions has prompted the Japanese government to provide insurance cover for local shipping companies bringing oil from Iran.
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- April 3 2015
Bangladesh allocates $200m to reform insurance sector
The country's insurance regulator is being tasked with modernising and professionalising the industry.
