Country: Asia Page 332 / 391
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- October 14 2016
China flood losses huge but uninsured
Only 1.5% of US$38bn economic losses were covered by insurance, according to Aon Benfield.
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- October 13 2016
Thailand tightens rules on bank insurance sales
Brokers will clearly have to state if a transaction is an insurance product or a deposit.
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- October 13 2016
Korean firms to face sluggish growth in 2017
Persistent low interest rates, weak economic growth and an ageing population are to blame.
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- October 12 2016
China fast-tracks health insurance reforms
Chinese authorities called on all provinces to start and release their respective plans by the end of the year.
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- October 12 2016
Koreans spend W100tn on social insurance
Costs last year increased 6.3% from the preceding year, according to the Korea Employers Federation.
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- October 11 2016
Proposed tax hike will harm Philippine insurers
The industry will face another challenge if plans to increase value-added tax from 12% to 15% go ahead.
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- October 10 2016
New payback scheme for savings insurance in South Korea
New scheme begins with completion of insurance premium payment.
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- October 10 2016
Berkshire Hathaway enters Macau market
The new office will add to BHSI’s regional presence in Singapore and Hong Kong.
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- October 10 2016
Dai-ichi looks to acquire local rivals as industry returns plummet
Japanese life giant looks to acquire local competitors.
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- October 10 2016
SBI to sell stake in SBI Life
Bank looking to sell as much as 5% of its 74% stake in SBI Life Insurance to private equity funds.
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- October 7 2016
Insurer powers Formula E debut in Hong Kong
The data-crunching expertise of an insurance company will be helping two of the Formula E cars in Hong Kong this weekend.
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- October 7 2016
NN Life Japan and Sumitomo Life sign collaboration deal
The two Japanese insurers have agreed to work together to target small and medium-sized enterprises.
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- October 7 2016
Zhong An hires three banks for Hong Kong IPO
The Chinese internet insurer has hired Credit Suisse, JP Morgan and UBS to help it go public in Hong Kong.
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- October 6 2016
Qatar Re gets licence for Singapore branch
The Monetary Authority of Singapore recently gave the Qatari reinsurer the green light.
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- October 6 2016
Sun Life seeks expansion into Singapore and Thailand
The move is seen as an opportunity to boost sales in a region where low penetration and faster growth are enticing foreign players.
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- October 6 2016
Qianhai Authority will pay close to US$1b for ACR Capital
State-owned buyers see the deal as a way to develop Shenzhen Qianhai into a reinsurance hub.
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- October 6 2016
Prudential announces leadership shuffle
Singapore CEO Philip Seah will take on an executive position as senior adviser in Prudential Corporation Asia.
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- October 5 2016
Allianz Malaysia looking for strategic partners
The insurer is open to new deals as its bancassurance agreement with CIMB is set to end next year.
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- October 4 2016
China vows to improve health insurance system
The government aims to head off a public health crisis caused by its ageing population.
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- October 4 2016
Japan plans free-trade insurance for farmers
Authorities are negotiating a deal to help cushion farmers from the effects of the Trans Pacific Partnership.
