Country: Asia Page 317 / 429
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- July 3 2018
CBIRC publishes foreign-ownership rules
The rules allow foreign insurers and loss adjusters to operate on a level footing with domestic companies.
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- July 3 2018
McLarens expands in Asia with Malaysian office
Veknesh Subramaniam will head the new Malaysian operation and assumes the title of general manager.
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- July 3 2018
Malaysian insurers look for support from new government
The country’s life insurers are hopeful that the industry will continue to be supported.
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- July 2 2018
Foreign divestments in Malaysia at advanced stage
Foreign insurance companies technically had until June 30 to comply with the foreign ownership cap.
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- July 2 2018
Non-life market in Korea grows 1.1%
The modest growth was fuelled by an increase in the sales of savings and pension insurance products.
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- June 29 2018
Bank Rakyat Indonesia revives plan to sell life insurance stake
Indonesia's most profitable lender is reportedly reviving a plan to sell a minority stake in Asuransi BRI Life.
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- June 29 2018
India’s non-life insurers seek outside help for mega merger
National Insurance, Oriental Insurance and United India Insurance are looking for advice on their planned merger.
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- June 29 2018
Hong Kong seeks ‘Insurance Connect’ with China
Hong Kong insurance regulators said this week that they are working on the plan with their mainland counterparts.
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- June 28 2018
FWD eyes IPO in Hong Kong
Board chairman Richard Li is said to be laying the groundwork for a potential listing after five years of growth.
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- June 28 2018
Hong Kong, China consider insurance link
A special channel for the marketing, sale and processing of insurance products is being considered.
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- June 28 2018
Axa considers more fintech investments in HK
The French group intends to invest US$25.5m in the city this year as it steps up efforts to promote digitisation.
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- June 28 2018
Sun Life seeks to increase stake in Chinese JV
The move to establish a majority position is part of an effort to double profits in Asia during the next five years.
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- June 27 2018
Indian government defends LIC acquisition of IDBI
The state-owned insurer's move has been described as an acquisition, not a bailout.
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- June 27 2018
Generali raises stake in India JV
The Italian group is increasing its stake in Future Generali from 22.5% to 49% in a deal that could cost US$140m.
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- June 26 2018
Korean insurers record declining capital adequacy ratios
Industry officials have attributed the drop to a fall in the value of companies' assets.
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- June 26 2018
Insurers in Singapore likely to raise premiums after losses
Six insurers have suffered losses since the launch of Integrated Plans in November 2015.
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- June 25 2018
MBK puts ING Life Korea stake on sale again
After several failed attempts, the Korean private equity fund continue to look for a buyer for its 59.15% stake.
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- June 25 2018
Vietnam’s biggest bank seeks insurance partner
Vietcombank is looking for a new insurance distribution partner in a deal that could be worth as much as US$1bn.
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- June 22 2018
IAG in Asia retreat
Earnings volatility has driven the Aussie insurer to exit its businesses in Thailand, Indonesia and Vietnam.
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- June 22 2018
Korean insurers most highly exposed to rate hikes
The central bank has warned of a corresponding drop in the solvency ratio of many insurers.
