Country: Asia Pacific Page 563 / 564
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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.
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- April 2 2015
AIG unloads $500m stake in China’s PICC
America's biggest commercial insurer cuts its stake in PICC Property & Casualty to 8.2% as it seeks to raise funds.
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- March 26 2015
China’s insurance industry solvency remains stable
China's insurance regulator says industry solvency is stable despite the impact of the second-generation solvency regime.
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- March 25 2015
Chinese insurers trial heavy equipment insurance
Seven Chinese insurers have joined a pilot scheme to co-insure heavy equipment or high-technology.
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- March 19 2015
Chinese insurers invest $4.79b in nursing homes
Encouraged by central government, eight insurers are building nursing homes across China.
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- March 19 2015
South Korea’s insurance firms lead rise in debt holdings in 2014
Increase in debt holdings was attributed to the record fall of local yields.
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- March 18 2015
Opportunities rise for insurers as Asia Pacific strengthens solvency regulations
Asia insurers are now seeing further opportunities as countries in the Asia Pacific region move to strengthen their solvency regulations, the latest Asia Pacific Solvency Regulation report by Aon Benf... To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription. Your company may already have […]
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- March 17 2015
Min Ong to lead Berkshire insurance’s energy business in Asia
Ong, based in Singapore, will lead the energy business of BHSI as Asia Regional Head of Energy
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- March 17 2015
Thailand life insurers’ capitalization, earnings remain solid
Report says Thailand will continue to get the attention of foreign players while non-life insurers have solid capital positions that will buffer against risks.
