Country: Asia Page 302 / 391
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- September 29 2017
Allianz completes sale of Korean unit to Anbang
The deal completed after the Financial Services Commission finally approved the transaction earlier this week.
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- September 29 2017
Gen Re eyes further expansion in India
The Berkshire Hathaway unit plans to corner a larger share of the country's fast-growing reinsurance market.
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- September 28 2017
Korean insurers brace for new accounting rule
Insurance providers will have to maintain a two-track record of their financial statements, beginning next year.
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- September 28 2017
Nippon Life in talks to acquire stake in TCW Group
The Japanese giant has begun discussions on its plan to buy a 20-30% stake in the US asset manager.
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- September 27 2017
CIRC to focus on regulation, not enterprise work
The regulator says it will clean up its image and treat all market entrants and insurance companies fairly.
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- September 27 2017
Ping An’s technology unit to focus on external customers
The strategy is part of parent company Ping An Insurance’s efforts to remodel itself into a tech-driven financial conglomerate.
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- September 26 2017
India approves two digital insurers
Acko and Digit Insurance are relying on their technology platforms to differentiate from traditional insurers.
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- September 26 2017
China’s former insurance regulator faces charges
Xiang Junbo is set to be charged after the corruption case against him has been handed over to prosecutors.
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- September 25 2017
HK Insurance Authority, UK regulators sign fintech deal
A recent cooperation agreement is seen to spur more fintech activities in the Asian territory.
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- September 25 2017
ZhongAn raises US$1.5bn in HK IPO
China's first internet-only insurer priced its initial public offering at the top of the indicated range.
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- September 22 2017
Macau insurers peg typhoon losses at US$362.5m
Typhoon Hato, which struck the casino city in August, caused economic losses of US$1.4bn.
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- September 22 2017
Hong Kong explores blockchain bancassurance project
China Construction Bank and IBM are aiming to streamline transaction processing and enhance service delivery.
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- September 22 2017
Debt-to-equity swaps open to Chinese insurers
Insurance funds may soon be granted permission to join in debt-to-equity swaps of distressed firms.
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- September 21 2017
Willis appoints insurance consulting head for HK, Taiwan
Albert Li has been named as head of the insurance consulting and technology business.
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- September 21 2017
AIA denies Korea exit rumours
Group CEO Ng Keng Hooi says the company is in fact considering additional funding to comply with IFRS 17.
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- September 20 2017
Foreign insurers rush to meet Malaysia ownership cap
Bank Negara Malaysia wants foreign ownership in local insurance companies to be capped at 70% by June 2018.
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- September 20 2017
Malaysia’s central bank approves Axa Affin share sale
Affin Holdings has been given the green light to acquire a 7.07% equity interest in AXA Affin General Insurance.
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- September 20 2017
China to heighten insurance scrutiny
Investments and capital flows in and out of the industry will be overseen more closely, the country’s regulator announced.
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- September 19 2017
Mounting debt forces Hyundai Life to cut workforce
The company has reportedly placed 120 employees under a voluntary retirement programme as it faces mounting debt.
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- September 19 2017
Chinese life firms urged to diversify products
A senior official at CIRC wants insurers to innovate and offer more than just short-term life products.
