Country: Asia Pacific Page 630 / 646
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- August 25 2015
Tianjin blast losses still difficult to estimate, says AM Best
Despite publicised estimates, residents within 3km of the blast site are yet to be assessed.
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- August 24 2015
Bank of China buys majority stake in Samsung life unit
The Chinese lender has paid US$200m for a 51% stake in Samsung Air China Life Insurance.
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- August 24 2015
LIC to introduce India’s first unit-linked insurance plan
LIC has said that it plans to sell around 100,000 of the new policies within one month.
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- August 24 2015
IAG seeks bigger China presence after profit drop
A 41% drop in full-year net profit has prompted a strategic review for the Australian insurer.
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- August 24 2015
Ping An Insurance posts 62% profit rise
First-half profits were boosted by gains from stock investments and life insurance products.
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- August 21 2015
Four Chinese firms bid for Israel’s Clal Insurance
Four Chinese groups have submitted bids to buy control of Israel's second-biggest insurer.
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- August 21 2015
Taiwan’s insurance penetration is world’s highest
Taiwanese insurance revenues as a share of GDP are the highest in the world, at a record 18.9%.
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- August 21 2015
Fosun and FWD face off over Ageas HK life insurance arm
Final offers from the two companies have been invited and could reach more than US1$bn.
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- August 21 2015
Political violence on the rise in Thailand
A bomb at Bangkok’s Erawan shrine this week drew attention once again to terrorism and political risks in Thailand.
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- August 20 2015
Tianjin blast losses could be higher than estimates
Fitch says insurance losses from explosion could be more than US$1.5bn.
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- August 20 2015
Philippines life industry ranks second for ASEAN preparedness
Singapore came top in Milliman's ASEAN Liberalisation Index.
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- August 20 2015
Tencent said to invest in new life insurer
China's largest internet firm is reportedly eyeing a new US$1.5bn venture.
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- August 19 2015
Taiwan allows insurers to invest in futures ETFs
Insurers can invest up to 0.5% of their total assets in onshore futures ETFs to diversify their investment channels.
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- August 19 2015
CIRC seeks quick response to Tianjin claims
China Insurance Regulatory Commission has urged insurers to prioritise claims from last Wednesday's blasts.
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- August 19 2015
Chinese online insurance sales triple in first half
Sales reach more than Rmb80bn, though online still accounts for less than 5% of China's insurance premiums.
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- August 19 2015
Investment-linked plans drive take-up rate in Malaysia
Greater awareness has helped insurance protection in the country to increase 8.1% during the first half of the year.
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- August 18 2015
Chinese blast claims could reach US$1.5bn
Chinese insurance companies are bracing themselves for huge insurance claims after the Tianjin explosion.
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- August 18 2015
South Korean insurers post 30% profit rise
Rise in investment-related earnings is driving net income for local life and non-life insurance companies in Korea.
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- August 17 2015
Oceanwide to launch Chinese reinsurer
The Chinese property conglomerate has announced plan to launch a reinsurance start-up.
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- August 17 2015
Anbang Insurance leads race to buy Novo Banco
Anbang's US$4.45bn bid to acquire Portugal's Novo Banco is likely to be selected by the Bank of Portugal.
