Country: Asia Page 332 / 418
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- September 4 2017
Chinese premium income growth slows
Total premium income grew at 21.3% through July, compared to more than 35% in the same period last year.
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- September 1 2017
Aviva Asia launches Vietnam subsidiary
The insurer considers Vietnam a market with high growth potential and Asia as a region of strategic importance.
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- September 1 2017
Chinese ministries cooperate to discipline insurers
Insurers found violating rules will be restricted from establishing banking, securities and insurance subsidiaries.
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- August 31 2017
Korea’s health insurance outlays hit US$30bn
Spending on medical examinations, hospitalisations and drug purchases in the first half of the year rose 9.2%.
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- August 31 2017
Singapore sees first digitised direct insurance broker
Startup app PolicyPal will begin operating under its subsidiary BaoXianBaobao this week.
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- August 31 2017
Willis Towers Watson hires P&C consulting head for S Asia
David Maneval will be responsible for developing the non-life insurance consulting practice across Singapore, Thailand, Indonesia, Malaysia and Vietnam.
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- August 30 2017
Fairfax buys stake in rival of Indian partner
ICICI Lombard has agreed to allow the Canadian company to buy a 49% stake in nonlife startup Digit.
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- August 30 2017
Japan insurers review regional risks
Leading nonlife insurers are re-evaluating damage risks to improve their premium pricing.
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- August 30 2017
Prudential, Great Eastern name new Singapore hires
Roy Lim becomes chief agency officer for Prudential while Wee Ai Ning is promoted to CIO at Great Eastern.
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- August 29 2017
PICC eyes South-East Asia acquisitions
China's biggest non-life insurer may see a couple of deals happening before the end of this year, according to a company executive.
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- August 29 2017
Indian insurers bank on blockchain
Some 13 Indian insurance firms plan to use the technology to create a storehouse of policyholder data.
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- August 28 2017
Investment income lifts China Life profits
Net income rose by 17.8% in the first six months of the year, driven by an 11.45% investment return.
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- August 28 2017
China Life, Baidu to raise US$1bn for tech investments
The two companies will partner in a private equity fund targeting middle to later stage companies.
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- August 28 2017
Philippine brokerage activities show modest hike
Premium income reached US$994m in 2016, representing an increase of 2.46% from 2015.
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- August 25 2017
Anbang Life’s credit rating lowered
A Chinese rating agency has downgraded the insurer three months after CIRC curtailed its operations.
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- August 25 2017
JLT and Munich Re launch Philippines parametric product
The two companies will jointly develop and offer an insurance solution to cover typhoon risks.
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- August 25 2017
Mitsui Sumitomo to buy Singapore’s First Capital
The deal will see it pay US$1.6bn to the existing owner, Canada's Fairfax Financial Holdings.
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- August 24 2017
Tokio Marine & Nichido Fire enters Cambodian market
The Japanese insurer has established a representative office in the capital Phnom Penh and will start operations year end.
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- August 24 2017
Lazada, AIG forge online cover deal in Malaysia
South-East Asia's biggest e-commerce platform has teamed up with AIG to sell insurance on its platform.
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- August 23 2017
Chubb names new Singapore financial lines head
Johannes Gschossmann will lead day-to-day management of the portfolio, including all underwriting and market-related activities.
