Country: Asia Page 293 / 403
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- June 7 2018
SBI Life eyes 10 bancassurance deals
The Indian insurer is planning to partner with a host of banks as it shifts from its traditional stance.
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- June 6 2018
Japanese life firms rush to Australia for growth opportunities
Strong prospects Down Under are being driven by a growing population and a mature economy.
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- June 6 2018
Moody’s upgrades outlook for China’s life insurance industry
The agency highlights a shift to a more sustainable product mix and a slowdown in investments in risky assets.
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- June 5 2018
Axa, Zikto to develop blockchain-based insurance products
The agreement will integrate the Insureum Protocol across the entire spectrum of insurance processes.
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- June 5 2018
Korea to welcome more reinsurers
The financial regulator has announced landmark plans to ease entry barriers and compete with Korea Re.
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- June 4 2018
PE firms target Indian insurance market
There has been a rise in the number of private equity firms interested in acquiring stakes in local insurers.
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- June 4 2018
Hong Kong’s Insurance Authority closes in on new CEO
Clement Cheung, a former Commissioner of Insurance in the city, is expected to be named to the post.
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- June 4 2018
Takaful Malaysia converts its composite licence to allow split
The company is splitting into two entities, one focused on family takaful and one on general takaful.
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- June 4 2018
China’s premium income drops almost 8%
From January to April, the country's insurance firms posted total premium income of Rmb1.67tn (US$258.64bn).
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- June 1 2018
Here comes Big Tech
Amazon has made its first foray into the Asian insurance sector, leading a funding round in an online Indian insurer.
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- June 1 2018
India considers wholly foreign-owned insurance brokers
The government has reportedly agreed to consider the industry's request to allow 100% foreign direct investments.
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- June 1 2018
Majority foreign ownership in Chinese insurance ventures likely
The change for life insurance JVs is proposed in the latest draft regulatory amendments under consideration.
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- May 31 2018
AIA hires chief digital officer
Daisuke Iwase joins from Lifenet Insurance, a listed direct life insurance firm in Japan, where he was president.
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- May 31 2018
Ex-Anbang Insurance chairman appeals conviction
Wu Xiaohui has reportedly appealed his conviction of embezzling about US$12 billion in funds.
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- May 30 2018
China imposes US$9.8m fines on insurers
Violations that incurred penalties included irregularities such as misleading sales pitches and fake materials.
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- May 30 2018
Anbang begins search for strategic shareholder
The troubled insurer is seeking private investors as part of its transition from Chinese state control.
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- May 30 2018
Allianz Malaysia net profit up nearly 30%
The increase was attributed to higher premiums from the motor business on the general insurance side.
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- May 29 2018
Korean non-life insurers see fall in profits
The loss was partly attributed to accidents arising from cold weather conditions, government data shows.
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- May 28 2018
Premiums written by India’s non-life insurers up 14%
Gross premiums rose to Rs138.8bn (US$2.03bn) in April compared to the same month of last year.
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- May 28 2018
Malaysian Re partners with Argo Managing Agency
The partnership is strategic in nature and a key component of Malaysian Re's business transformation 2020.
