Country: Asia Page 314 / 391
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- May 17 2017
China to inspect insurance branches for violations
CIRC is targeting the outlets of companies that have ranked poorly in terms of customer complaints.
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- May 16 2017
Insurance cooperation eyed along Belt and Road route
At least 20 countries along the route have entered into agreements with China Re, which is taking a lead.
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- May 16 2017
Axis Bank seeks additional bancassurance partner
India's third largest private-sector bank is planning to bring its total number of life insurance partners to three.
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- May 16 2017
Irdai approves Gen Re R3 licence in India
The R3 licence covers underwriting and risk management expertise locally rather than cross-border.
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- May 15 2017
China’s tightening to benefit insurers in long run
Analysts are confident that stricter oversight from the regulator will result in better market discipline.
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- May 15 2017
SBI General Insurance posts first profit in seven years
The company attributed the rise in profits to improved risk selection and better expense-control measures.
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- May 12 2017
China gets tough
And this time it’s serious. After the ouster of its chairman, CIRC has reaffirmed a stricter approach.
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- May 12 2017
Anbang-owned Fidea set for relaunch
Acquired by Anbang two years ago, the Belgian insurer is now focusing more on long-term returns.
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- May 11 2017
Tokio Marine to invest more in US corporate debt
Rising hedging costs are making investment in foreign government bonds less appealing for Japanese insurers.
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- May 11 2017
AIG raises capacity in the Philippines
The insurer has refocused its portfolio to target opportunities in the Duterte government’s infrastructure push.
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- May 10 2017
Philippines raises investment limit for pre-need firms
According to the insurance commissioner, the investment threshold has been increased by 2% under the Pre-Need Code.
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- May 10 2017
CIRC tackles industry loopholes
China's insurance regulator wants to step up supervision of ownership structures and funding sources.
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- May 10 2017
Singapore’s life insurance coverage up by 10%
The encouraging first-quarter performance reflects the Lion City’s efforts to narrow the protection gap.
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- May 10 2017
AIG names Claudia Salem as Singapore CEO
Succeeding Matt Harris, she will also become head of country operations for South-East Asia.
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- May 9 2017
GIC Re names five banks for IPO
India's state-owned reinsurer has selected HSBC, Citi, Deutsche Bank, Kotak and Axis as bookrunners for its listing.
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- May 9 2017
Samsung Fire & Marine buys 20% of Vietnamese insurer
The Korean insurer will buy the stake in PJICO from Vietnam’s largest petrol dealer for US$23.4m.
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- May 8 2017
Korea approves Mirae’s acquisition of PCA Life
After the acquisition Mirae will become the country’s fifth-largest life insurer based on asset size.
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- May 8 2017
Chinese insurers urged to contribute to real economy
The measures are aimed at creating a sound policy environment for the insurance industry to serve the real economy.
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- May 5 2017
Premiums in China up by a third
However, the pace of growth was lower than the 42% recorded for the same period in 2016.
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- May 5 2017
Two new life insurers enter Cambodia
Bangkok Life Assurance launched operations this week, while AIA is set to debut today.
