Country: Asia Page 322 / 395
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- April 6 2017
Scor Global Life wins approval for Japan branch
The opening of the branch is part of a strategic plan to expand and deepen its franchise.
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- April 6 2017
Vietnam simplifies approval of life products
A new regulation means life insurance companies will find it quicker and easier to get product approvals.
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- April 6 2017
Philippine HMOs required to seek regulator’s approval
Health-maintenance organisations are now mandated to get clearance before selling products to the public.
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- April 5 2017
Fosun joins bid to buy Greek insurer
The Chinese insurer has submitted a binding offer for the insurance unit of National Bank of Greece.
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- April 4 2017
HSBC Insurance gets Tier-1 status in Singapore
The company joins a group of insurers whose total assets are at least US$3.6b.
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- April 4 2017
New reporting standards to bring more investors to Korea
The introduction of IFRS 17 will make the country's insurers more comparable with global peers.
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- April 4 2017
People’s Insurance Group of China hires new head
The Chinese insurer has hired Miao Jianmin, former chief of China Life, to be its chairman and president.
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- April 3 2017
BIMA aims to insure 1 billion people worldwide
The insurance firm provides mobile-delivered insurance and health services in emerging markets.
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- April 3 2017
Sun Life inks insurtech deal with Vietnam’s GOFS
The Canadian life insurer has forged a three-year partnership with the operator of Vietnam’s first digital bank.
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- April 3 2017
Aviva appoints CEO for China, Indonesia and Vietnam
Randy Lianggara, who joined from AXA last year, takes on a newly created role to drive growth in these key markets.
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- March 31 2017
Regulator tells Fairfax to sell 25% stake in ICICI Lombard
The Canadian insurer needs to sell the stake to be able to apply for a second licence in the general insurance industry.
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- March 31 2017
Manulife names Asia head as global president
Roy Gori, the former Citi banker who joined the Canadian insurer just two years ago, has been appointed global president.
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- March 30 2017
Chinese JV acquires Standard Life Asia
Heng An Standard Life Insurance has acquired the Hong Kong arm of British insurer Standard Life.
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- March 29 2017
Myanmar opens special economic zone to global insurers
All foreign insurers with local representative offices will be eligible to apply for a licence in the SEZ.
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- March 29 2017
SBI to sell SBI Life stake through IPO
The State Bank of India will sell at least 8% of its current 70.1% shareholding in the life insurance arm.
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- March 29 2017
Japanese life insurers likely to cut premiums next year
With longer life expectancy in Japan, life insurers in the country are expected to reduce premiums by 5–10% beginning 2018.
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- March 28 2017
Vietnam seeks to expand health insurance coverage
With a growing elderly population, the government aims to bring the country’s insurance coverage to 100% by 2030.
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- March 27 2017
China’s first tech insurer to launch by 2020
Enterprises affiliated with the China Academy of Sciences are sponsoring the establishment of China’s first tech insurance company.
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- March 27 2017
China Life profit declines 45% in 2016
Chairman Yang Mingsheng said the performance was due to a decline in gross investment income.
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- March 27 2017
Chubb appoints Hong Kong life head
Michael Ho joins from Prudential as head of life insurance division Chubb Life in Hong Kong.
