Country: Asia Page 350 / 391
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- April 14 2016
Sompo nears US$200m bancassurance deal with CIMB
The 10-year deal will allow the company to distribute general insurance products through CIMB's branches across Asia.
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- April 14 2016
Tokio Marine Life Singapore to name new CEO
Lance Tay is reportedly stepping down on May 31 after steering the business to MAS Tier 1 Significant Insurer status.
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- April 13 2016
Taiwanese financial firms hit by falling insurance earnings
The sluggish performance of insurance companies is taking a toll on the nation's top financial groups.
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- April 13 2016
Insurance complaints up 7% in Hong Kong in 2015
The city's insurance industry self-regulator says the number of new complaints last year increased to 647 cases.
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- April 13 2016
Korean insurers post worst returns in more than a decade
Investment income ratio dropped to an average of 4% last year, the lowest return on invested capital since 1991.
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- April 12 2016
More Korean insurers to go up for sale this year
The low price paid by Anbang for Allianz Life Insurance Korea highlights the troubles facing the industry.
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- April 12 2016
Newline appoints new Asia leadership
The London-headquartered insurer has announced new appointments to its Singapore team.
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- April 12 2016
India’s life industry forecast to grow at 15%
The industry's annual premium equivalent increased 6% year-on-year in the first nine months of fiscal 2016.
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- April 12 2016
Malaysian takaful firms outperform Mid-East counterparts
The country's Islamic players are earning significant profits thanks to lower loss ratios.
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- April 11 2016
Aioi Nissay Dowa to move away from JGBs
The non-life arm of MS&AD said it will instead look for positive yields in corporate debt.
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- April 11 2016
One Belt One Road spurs marine insurance demand
Zurich has predicted a rise in demand after the initiative raises the number of overseas projects.
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- April 11 2016
China mulls national network for health settlement
The reform will allow Chinese citizens to reimburse their medical expenses around the country, according to a report.
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- April 11 2016
China imposes 6% VAT on insurance services
Sales tax will apply from May 1 this year, according to a circular jointly issued by the finance ministry and tax office.
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- April 8 2016
China’s first insurance exchange to launch in June
The exchange is part of Shanghai's goal of becoming an international insurance centre by 2020.
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- April 8 2016
Korea’s life policy cancellation rates hit record high
Policyholders cancelled contracts worth W18.5 trillion during 2015, according to a survey by industry group KLIA.
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- April 8 2016
XL Catlin promotes David Guest to lead Singapore business
In addition to responsibility for Singapore, he will retain his current role as regional leader for crisis management.
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- April 7 2016
Zhong An posts US$30m net profit in 2015
China's first and only internet insurance licence holder saw premiums grow 200% to US$339m last year.
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- April 7 2016
Anbang buys Allianz’s Korea life unit for US$216 million
The deal comes barely a week after Anbang abandoned a US$14 billion bid for Starwood Hotels & Resorts.
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- April 6 2016
Anbang raises shareholdings in Chinese banks
It is now a top-10 shareholder in ICBC, Bank of China, AgBank and CCB after buying stakes at the end of last year.
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- April 6 2016
AXA Philippines completes acquisition of Charter Ping An
The acquisition allows it to offer the full spectrum of financial protection to customers in the country.
