Country: Asia Page 321 / 395
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- April 19 2017
HK suppresses data on mainlanders’ insurance purchases
Hong Kong’s insurance regulator has stopped releasing the figures “to avoid the public misinterpreting the statistics”.
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- April 19 2017
China’s top insurance regulator sacked
Xiang Junbo has been removed from his position over suspicions of committing disciplinary violations.
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- April 19 2017
Fukoku Mutual Life to invest US$5bn in riskier assets
The Japanese insurer has announced plans to invest in higher-yielding foreign corporate debt and equities.
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- April 18 2017
China’s Union Life secures US$100m investment from IFC
The injection is expected to introduce overseas investment opportunities to help diversify its portfolio.
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- April 18 2017
Anbang’s US$1.6bn Fidelity deal collapses
The Chinese insurer has failed to secure the required regulatory approvals to acquire Fidelity & Guaranty Life.
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- April 18 2017
Axiata Digital closes US$16.8m investment in Swedish startup
Insurtech player Bima brings microinsurance services to underserved families in emerging markets.
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- April 18 2017
IRDAI to double capital requirements for brokers
India’s insurance regulator is pushing for a series of stringent measures for the domestic insurance broking industry.
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- April 13 2017
Is CIRC under scrutiny now?
The Central Commission for Discipline Inspection has disappeared China’s top insurance regulator.
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- April 13 2017
Sumitomo, BNP to develop low-cost Japan policies
The Japanese bank and French insurance arm will jointly develop products targeting home loan applicants.
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- April 13 2017
CIRC identifies four major insurance risks
The Chinese regulator is worried about solvency risks, liquidity pressures, poor corporate governance and external issues.
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- April 12 2017
India’s general insurance sector to grow 32%
Crop insurance and motor sales are projected to fuel growth in the financial year 2016-17.
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- April 12 2017
Growing crackdown in China insurance industry
Analysts expect more regulatory scrutiny after an investigation on the country’s insurance watchdog head.
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- April 11 2017
Religare sells 80% stake in health insurance arm
The Indian insurer has signed an agreement with investors for around Rs10.4b (US$161m).
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- April 11 2017
Chinese insurers to continue focus on fixed-income
Companies such as China Life, PICC and Ping An will also boost their investments overseas this year.
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- April 10 2017
Quake insurance system pushed in China
The system is being crafted to reduce the fiscal burden of the government from earthquakes.
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- April 10 2017
Old Mutual to sell 50% stake in China unit
The Anglo-South African financial group will offload its stake in joint venture Guodian.
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- April 7 2017
Philippines terrorist threat remains high
While an improved economy has reduced the ranks of unemployed people for terrorists to recruit from, risks remain high.
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- April 7 2017
Ping An commits US$1bn yearly for tech investment
China’s second biggest insurer remains committed to expanding its investment in the field of internet development.
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- April 7 2017
Taiwan insurers urged to strengthen hedging measures
The Financial Supervisory Commission has encouraged life insurers to manage their currency exposures.
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- April 7 2017
Dai-ichi Life seeks higher market share in South-East Asia
The Japanese insurer has been aggressively pursuing business opportunities in the region.
