Country: Asia Page 303 / 403
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- February 12 2018
China, India priority markets for UK insurers after Brexit
The Association of British Insurers has said the two nations will be key targets after departure from the EU in 2019.
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- February 9 2018
Open for business?
Chinese acquirers are watching Oceanwide’s revived attempt to buy US insurer Genworth with interest.
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- February 9 2018
Korean insurers post higher profits in 2017
The improvement is driven by hefty gains on investment coupled with a rise in interest rates.
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- February 9 2018
China’s Sina to venture into internet insurance
The tech firm follows in the footsteps of the country's big three internet players Alibaba, Tencent and Baidu.
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- February 9 2018
Manulife Hong Kong reports strong 2017 growth
The healthy premium sales were a result of strong market demand for insurance and wealth products.
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- February 8 2018
Genworth, China Oceanwide refile acquisition plan
The company is seeking financing as it aims to address maturing debt of about US$600 million.
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- February 7 2018
Thai Life eyes Cambodian market
Thailand’s third-largest life insurer has plans to expand into neighbouring South-East Asia markets.
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- February 6 2018
Ping An Insurance’s units raise US$2.2bn in private financing
Investors in the three tech units included SoftBank, which placed US$400m with Ping An Good Doctor.
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- February 6 2018
Great Eastern may sell minority stake in Malaysian unit
Malaysia’s largest pension fund, Employees Provident Fund, is reportedly in talks to buy the US$1bn stake.
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- February 6 2018
FWD Group appoints Ken Lau for Greater China role
He joins from Union Life and will lead FWD in Hong Kong and Macau, and oversee expansion in Greater China.
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- February 5 2018
Allianz to acquire Sri Lanka’s Janashakthi Insurance
The German insurer will have a market share of approximately 20% after the US$107m acquisition.
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- February 5 2018
India unveils three-way merger of state-owned insurers
National Insurance, United India Insurance and Oriental Insurance are set to merge to form a single entity.
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- February 5 2018
Axa to open shared service centers in Manila, Kuala Lumpur
Company officials say the new centres will become information technology hubs for Japan and the rest of Asia.
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- February 2 2018
Rakuten takes on Japan’s big three
The Japanese e-tailer’s acquisition of Asahi Fire & Marine shows how tech players are set to disrupt.
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- February 2 2018
Indian life companies push for separate limit on tax exemption
The sector is looking at introducing various supportive measures in the upcoming state budget.
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- February 2 2018
Philippine life sector to log double-digit growth
The expansion is being driven by the country’s strong demographics and the impact of tax reforms.
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- February 1 2018
Operating cash flow of China’s insurers drops 65% in 2017
The decline is attributed to the intensified and widespread crackdown on risks and foul play in the sector.
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- February 1 2018
Swiss Re opens new Asian HQ in Singapore
It has also appointed a new regional board of directors, chaired by Lim Siong Guan, formerly of GIC.
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- January 31 2018
Korea to increase number of online insurers
The regulator's aim is to lower barriers to entry and ramp up competition in the country's financial sector.
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- January 31 2018
Penetration improving in India but still lower than neighbours
At 3.49%, insurance buying in the country is up significantly from 2.7% in 2001, though still lags China.
