Country: Asia Page 309 / 391
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- July 14 2017
Korea sees rise in sales of variable insurance policies
Premiums have nearly doubled to US$477m on the back of robust gains in the local stock market.
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- July 13 2017
Korean insurers forecast to exceed 2016 performance
Higher interest rates and improved auto insurance business are expected to propel the industry.
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- July 13 2017
Ping An eyes fintech, healthcare assets abroad
China’s largest insurer by market value is on the hunt for assets in the US, Israel and Singapore.
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- July 12 2017
SBI Life’s IPO plan gets final board approval
The insurance unit of State Bank of India is aiming to raise US$1.1bn, becoming the second insurer to go public.
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- July 12 2017
FWD to renew bancassurance deal with TMB Bank
The renewal of a 15-year agreement comes after FWD's efforts to acquire SCB Life fell apart.
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- July 12 2017
China considers experienced graft-buster for top CIRC post
China is likely to name Yang Xiaochao, secretary general of the Central Commission for Discipline, to oversee the industry.
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- July 11 2017
Cambodia and Thailand sign regulatory pact
The two countries have signed an agreement that aims to bolster insurance regulation in Cambodia.
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- July 10 2017
Singapore studying ElderShield takeover proposal
The government is in a better position to administer the scheme, according to the ElderShield Review Committee.
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- July 10 2017
Swiss Re and Ping An combine to launch typhoon solution
The two companies have launched China's first mobile-enabled typhoon property parametric insurance solution.
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- July 10 2017
Philippines’ chief regulator elected to Asian Re board
Insurance commissioner Denis Funa has been named vice-chairman of the management board.
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- July 7 2017
China overtakes Japan
The outlook for Asia's insurance markets is varied, as China becomes the world's second-biggest premium pot.
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- July 7 2017
China drafts rules on endowment insurance
CIRC is in the process of crafting regulations as part of preparations to launch a pilot programme before full implementation.
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- July 7 2017
Sale of SCB insurance unit to FWD halted
What could have been the largest insurance M&A transaction in South-East Asia has failed on valuation differences.
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- July 7 2017
Premium growth defies weak economies
Advanced economies were the main drag on global premiums, but growth in many emerging markets slowed also.
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- July 6 2017
China to develop commercial pension insurance
The government will fast-track the development of the new system, according to a State Council guideline.
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- July 6 2017
Nippon Life silent on investor voting
The Japanese insurer will defy a guideline asking it to disclose its specific votes at shareholder meetings.
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- July 6 2017
Emerging Asia to drive premium growth
Asian emerging markets will help global insurance premium growth accelerate to 5.9% during the coming decade.
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- July 5 2017
Malaysia reminds foreign insurers of 70% ownership cap
Though the central bank says there are no new rules on foreign ownership in insurance companies.
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- July 4 2017
Fitch sees further growth in Indonesia’s insurance sector
The rating agency forecasts significant benefits from recent positive economic developments.
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- July 4 2017
Mitsui & Tokio Marine to cover bitcoin trades
Two Japanese insurers are set to offer compensation for failed virtual currency transactions.
