Country: Asia Page 317 / 419
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- March 9 2018
Prudential’s Malaysian unit eyes stake sale
The sale of a 30% stake to Kumpulan Wang Persaraan could generate proceeds of about US$435m.
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- March 9 2018
China revamps insurance rules for more transparency
The move is also aimed at eliminating fake capital injections and illegal shareholding entrustment.
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- March 8 2018
China’s premium income up 18% in 2017
The growth comes despite regulators' strengthened efforts to reduce risk-taking in the sector.
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- March 7 2018
Korean insurers turn to hybrid securities to boost capital
The issuance comes ahead of the introduction of the new global accounting and stricter local capital standards.
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- March 7 2018
Hong Kong lawmakers to tackle policyholder protection bill
Legislators aim to establish two compensation funds to protect against insurance firm bankruptcies.
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- March 6 2018
Chubb names new Singapore head
Scott Simpson will move from Sydney to take up the new role after Adam Clifford transferred to Europe.
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- March 6 2018
Korean insurers ask to postpone new capital standards
The K-Insurance Capital Standards are posing a heavy burden on the country's insurance industry.
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- March 5 2018
Indonesian regulator highlights low penetration
The domestic insurance market is valued at just 2.99% of the country's gross domestic product, says OJK.
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- March 5 2018
Nippon Life eyes majority stake in MassMutual for US$980m
The 85% stake will add a bigger branch network to the Japanese insurer's traditional female agency force.
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- March 2 2018
Nationalising Anbang
The Chinese government’s takeover of the troubled insurer has raised questions about industry oversight.
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- March 2 2018
Is the end nigh for retakaful?
The small and fragmented market is struggling to compete with competition from conventional players.
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- March 2 2018
Three Indonesian unicorns to invest in insurtech startup
The three billion-dollar startups are looking to invest in PasarPolis, an online insurance portal.
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- March 2 2018
Chinese banking, insurance regulators may merge
The country is weighing plans to combine financial watchdogs to bring enhance oversight of the sector.
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- March 2 2018
India’s Videocon to divest insurance unit
The company is selling its stake in Liberty Videocon General Insurance to Diamond Dealtrade and Enam Securities.
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- March 1 2018
Bangladesh to go after excessive insurance commissioning
The country's insurance regulator has vowed to intensify a campaign to crack down on the practice.
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- March 1 2018
AIA targets China’s hinterland provinces
Relaxed regulations on foreign ownership of financial entities is opening the door to smaller provincial markets.
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- March 1 2018
Allianz gets regulatory nod for sale of Taiwan portfolio
The insurer hopes to sell more than 78,000 life policies to Taipei-based China Life Insurance.
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- February 28 2018
AIA’s boosts new business by 28%
The company said that the growth was due to sustained demand in its core markets of Hong Kong and China.
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- February 28 2018
Anbang says it supports government’s takeover
A spokesman has said that the insurer back CIRC’s move to take control of the company for one year.
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- February 28 2018
Paytm seeks insurance licence
The online payments company is set to file an application to operate as a life and general insurer.
