Country: Asia Page 336 / 396
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- October 21 2016
Online platforms drive growth in China
This year has seen some 330 million customers buy insurance through the internet.
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- October 21 2016
Myanmar and India sign insurance cooperation
The MoU was signed in the presence of Narendra Modi and Aung San Suu Kyi.
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- October 20 2016
Foreign reinsurers likely to get R2 approval in India this month
An R2 or second-phase approval looks imminent for foreign reinsurance firms seeking a branch licence in India.
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- October 20 2016
China Life warns of 60% profit dip
The decline is largely a result of weak investment income, the company said in a filing to the stock exchange.
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- October 20 2016
Hanwha Life acquires 4.1% stake in Lending Club
Investing in the world’s largest peer-to-peer lender is part of an effort to enhance its fintech capabilities.
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- October 20 2016
Malaysia’s insurance sector fails to meet expectations
Though the sector did expand at an annual 13.3% growth rate until 2010, in recent years it has remained flat.
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- October 19 2016
Takaful Malaysia posts 30% profit jump
Higher sales in family and general takaful businesses, as well as wakalah fee income, fuelled a 30% increase.
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- October 19 2016
KBZ to launch insurance arm on Yangon stock exchange
The company’s market capitalisation could be up to US$750m if it goes ahead with an IPO in 2017.
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- October 19 2016
China’s life insurers warned about low interest rates
Low rates are affecting the industry's pricing and business models, investment channels and risk management.
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- October 19 2016
Indonesia’s Bumiputera on the hunt for buyers
The company is nearing the end of a long restructuring process aimed at meeting its growing obligations.
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- October 18 2016
Health-insured Singaporeans to face higher premiums
The moratorium on raising Integrated Shield Plan premiums will be lifted at the end of this month.
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- October 18 2016
India stalls mandatory listing for insurers
The insurance regulator's proposal has been put on hold after reported intervention by the finance ministry.
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- October 18 2016
Intermediaries to broaden insurance market share in China
Growth will be driven by smaller life insurers willing to sell wealth management products online.
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- October 17 2016
AIA Group posts 25% quarterly growth of new business
The insurer has benefited from a rush of mainland Chinese visitors buying insurance in Hong Kong.
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- October 17 2016
China P&C growth seen to moderate
China's property and casualty insurance sector is set to experience only modest premium growth, according to Moody's.
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- October 14 2016
Samsung shows how not to do a recall
The Korean company's botched response to its exploding Note 7 smartphone provides a lesson in managing crises.
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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.
