Country: Asia Page 288 / 465
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- July 17 2020
Hong Kong passes bill to reduce insurers’ profit tax
The Insurance Authority says the changes will fortify the city's competitiveness.
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- July 17 2020
China to remove restrictions on insurers’ equity investments
Chinese insurers hold over US$3 trillion in assets.
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- July 17 2020
SG in “severe downturn”, but market remains resilient: MAS
The Authority's stress tests shows insurers remain resilient.
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- July 16 2020
AmGeneral’s Roberts on Malaysia’s prospects
An economic rebound and gradual liberalisation is expected for 2021.
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- July 16 2020
Korean insurers under heightened FSS scrutiny
Both non-life and life players have been targeted by the financial regulators.
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- July 16 2020
Taiwan’s Cathay Life to take majority stake in Indonesian bank
The Taiwanese insurer sticks to its strategy.
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- July 16 2020
SCB Thailand sets up brokerage, will hire 500 agents
The move comes after the top bank sold its life insurance unit to FWD.
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- July 15 2020
Japan flood losses to reach “hundreds of millions”: report
Aon says insurers are expecting at least thousands of claims.
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- July 15 2020
Securities class action and D&O ramping up worldwide: report
Australia's "thriving" litigation activity has led to a surge in D&O costs and demand.
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- July 15 2020
MS&AD invests in tech to track climate change risks
A new partnership could be game-changing for (re)insurers and asset managers in Asia.
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- July 15 2020
WTW names APAC head of financial solutions
The broking giant has also promoted Stuart Ashworth.
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- July 14 2020
India scraps public-sector merger
Government cites “current scenario” as it opts for US$1.3bn capital infusion.
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- July 14 2020
Markel appoints Asia global head to spearhead renewables
A renewable energy specialist joins from Aon.
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- July 13 2020
Tahoe Group exploring sale of Tahoe Life: report
A sale for the troubled Chinese conglomerate could raise US$1bn.
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- July 13 2020
India to launch pandemic risk pool
The government also restarted talks to set-up a nat cat risk pool in June.
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- July 13 2020
Philippines charts insurtech age with inaugural sandbox
The Insurance Commission hails it as a "pioneering moment."
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- July 10 2020
Japan’s majors to hike rates after paying out billions
Several years of major nat cats means price rises for fire insurance next year.
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- July 10 2020
People round-up: AIA, Aviva, HSBC Life, Pacific Life Re, TCS
Amanda Blanc is Aviva's new global chief executive as Maurice Tulloch leaves for personal reasons.
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- July 10 2020
Chinese motor reforms are “credit negative” for insurers: Moody’s
The regulator's sweeping changes could increase loss ratios from 60% to 75%.
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- July 9 2020
Indonesia to close Jiwasraya and “save policyholders”
The state says a new insurer will pay the troubled life player's over US$1bn of outstanding claims.
