Country: Asia Pacific Page 555 / 595
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- March 29 2016
Sun Life acquires full control of Indonesian JV
The US$42m deal, which is expected to close by September, gives it full control of CIMB Sun Life.
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- March 29 2016
China Life misses 2015 profit forecast
The business took a hit in the final three months of 2015 as profit slumped 81.5% in the period from a year earlier.
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- March 24 2016
Cathay Life posts profit of US$154 million in Q1
The Taiwanese insurer reversed unrealised losses of US$120m in the fourth quarter to post a profit for this quarter.
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- March 24 2016
Limit on life policies at Japan Post Insurance raised
The maximum value of life-insurance policies will rise to ¥20m from the current ¥13m after government gives approval.
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- March 24 2016
Fosun said to plan IPO for Ironshore
Fosun is reportedly planning a share offering for Bermuda-based Ironshore, which it bought in November 2015.
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- March 23 2016
Anbang loses Starwood bid to Marriott
The Chinese insurer misses out after US rival increases its offer for the hotel chain to US$13.2 billion.
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- March 23 2016
Foreign majors receive India investment approval
Nippon Life, Sun Life, Aviva Life and AIA are among the large insurers to have won approval for Indian expansion.
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- March 22 2016
China suspends short-term insurance products
CIRC says insurance companies should not sell quasi-wealth management products purely for investment purposes.
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- March 22 2016
AIA to further invest in Asia-Pacific infrastructure projects
Chief executive Mark Tucker says the company is interested in boosting social and economic development in the region.
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- March 22 2016
Cambodia sets new regulations for life insurance sector
Growth in the sector has pushed the regulator to adopt laws and procedures to comply with rules in the region.
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- March 22 2016
China’s Huize Insurance completes US$31m series B fund
One of the top online insurance agency platforms in China has received financing from unidentified Chinese investors.
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- March 21 2016
Indian banks told to comply with crop insurance scheme
The Reserve Bank of India has reminded banks to ensure strict compliance with the provisions of the scheme.
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- March 21 2016
World Bank support for Vietnam’s healthcare goal
The programme to assure local access to medical services has received the full support of the bank.
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- March 21 2016
Manulife Indonesia launches sharia-compliant life product
The product is being launched in partnership with Islamic lender Bank Muamalat to widen its customer base.
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- March 21 2016
Dubious travel insurance claims on the rise in Singapore
The General Insurance Association of Singapore is partnering with specialists to target cheats.
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- March 18 2016
Singapore posts 2.6% general insurance growth
However, increased competition and an economic slowdown in the city-state dragged margins down.
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- March 18 2016
Taiwan further loosens offshore investment restrictions
Domestic insurers will be allowed to allocate up to 40% of their assets to offshore investments.
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- March 18 2016
Japan Post to strengthen sales of insurance products
The group's new president faces a profit challenge from the drop in mail volume and negative interest rate policy.
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- March 18 2016
Chinese customers spent US$4.2bn in HK in 2015
The amount represents roughly a quarter of the total premium income from new life policies in the city.
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- March 17 2016
Ping An’s profit jumps 38% in 2015
The Chinese insurer made a net profit of US$8.3 billion in 2015, its highest earnings result since 2003.
