Country: Asia Page 320 / 403
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- July 31 2017
China to boost oversight on insurers’ ALM
Asset liability management practices will be the next area to face stricter supervision.
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- July 31 2017
ICICI Pru in final stages of Sahara India Life takeover
The two companies are in the final rounds of discussions, with completion expected soon.
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- July 28 2017
Promise over profits in India
Less than a year after new rules to nurture domestic reinsurance capability, ITI Re is set to quit the business.
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- July 28 2017
Two state-owned insurers set to apply for IPO in India
GIC and New India Assurance are expected to tender their applications for initial public offerings within three weeks.
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- July 28 2017
Mandatory insurance for doctors pushed in Singapore
The Singapore Medical Council and health ministry are lobbying for insurance that will protect physicians.
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- July 28 2017
Japanese life majors to cut foreign bond investment
Limited yields and yen risks have prompted a loss of appetite for overseas bond investments this year.
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- July 27 2017
IDBI Federal Life Insurance eyes 100% stake sale
The sale could provide an exit for joint venture partners IDBI Bank, Federal Bank and Ageas.
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- July 27 2017
Axa aims to join India’s top 10 insurers
The French insurer will focus on growing its agency sales force and closing new bancassurance deals.
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- July 26 2017
Hong Kong exchange rejects AMTD’s insurance IPO
The prospectus was reportedly described as “substantially incomplete” and an attempted appeal ended in failure.
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- July 26 2017
Great Eastern posts solid profit
Net profit surged 173% year-on-year thanks to strong sales from agencies and bancassurance business.
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- July 26 2017
Aetna buys Bupa Thailand
The deal is part of a strategy to expand in Asia and go "broader and deeper" into local healthcare markets.
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- July 25 2017
Only 10% of Asian firms prepared for cyberattacks
Businesses in the region are ill-equipped against and not covered for cyber attacks, says QBE survey.
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- July 25 2017
Allianz eyes more partnerships in Malaysia
The company is looking at partnering with up to 10 firms this year to diversify and extend its business in the region.
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- July 24 2017
Great American boosts Singapore management
The company has hired three new senior executives, according to a statement.
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- July 24 2017
China continues to rein in financial risks
Insurers in the country are now barred from offering credit products to companies for financing.
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- July 24 2017
Global Insurance buys out Aon in India JV
The deal for the 26% stake immediately changes the JV's brand name to Global Insurance Brokers.
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- July 21 2017
Foresea Life to set up Communist Party committee
The move follows Xi Jinping's call for the enhancing of Party leadership in financial operations.
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- July 21 2017
More growth in Malaysian insurance sector
The sector is projected to post a high single-digit growth in new business premiums.
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- July 19 2017
Prudential Financial enters Indonesian life market
The US-based insurer has bought a 49% stake in Asuransi Jiwa Mega Indonesia, a subsidiary of CT Corp.
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- July 19 2017
Premiums up 21% in Vietnam
Insurers in the South-East Asian country saw premiums rise 21% in the first half on the back of rising living standards.
