Country: Asia Page 354 / 418
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- December 16 2016
LIC appoints new chairman
VK Sharma succeeds SK Roy, who quit abruptly after an investigation into alleged misconduct.
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- December 16 2016
China cracks down on “impure” insurers
CIRC will further limit single-investor shareholding in insurers and scrutinise funds used to buy stakes in insurers.
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- December 15 2016
CIRC to set news rules on leverage acquisitions
The Chinese regulator has denounced insurers' leveraged buying spree and announced tougher new rules.
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- December 15 2016
Singapore’s finance and insurance industry faces slowdown
Analysts have slashed the city's growth forecast for 2016 to just 0.5%, down from a 2% projection in September.
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- December 15 2016
Malaysia’s life market continues strong growth
The gross sum assured for all new individual policies went up 25% in the first three quarters of the year.
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- December 14 2016
Japanese optional auto insurance premiums set to drop
Improvements in vehicle safety may be good for car owners in Japan, but not so good for insurers.
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- December 13 2016
AIA stresses quality over quantity
Productivity and protection policies have been the secret to why business in China has been so successful.
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- December 13 2016
No hike in Vietnam’s health insurance fees
The ministry has said fees will remain at 4.5% of salaries for public-sector workers or those in full-time employment.
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- December 12 2016
Philippines pushes wider insurance access for SMEs
Legislators are working on a government subsidy of the insurance premiums to be paid by smaller businesses.
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- December 12 2016
Singapore motor insurance industry set for growth
The sector is buoyed by growing rental business, more use of telematics and a trend of younger buyers.
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- December 9 2016
Indian insurers wrestle with demonetisation
A month on from India’s surprising decision to scrap its two most common banknotes, insurers feel the effects.
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- December 9 2016
Taiwan premiums set to break record
Total premium payments collected this during the first 10 months of this year is up by more than 6%.
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- December 8 2016
Indonesia’s larger infra budget to benefit insurers
Indonesia will see a bigger infrastructure budget for 2017 and it will be favourable to many insurers.
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- December 8 2016
MAA boosts stake in Philippines general insurer
MAA General Assurance Philippines will soon become a subsidiary firm of MAA Group.
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- December 7 2016
Liberty Mutual agrees to acquire Ironshore for US$3b
The specialty insurer is being sold by Chinese conglomerate Fosun, which had been considering an IPO.
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- December 7 2016
Stable outlook for Japanese life industry, says Moody’s
After a protracted period of low interest rates, the ratings has agency changed its outlook from negative to stable.
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- December 6 2016
SCOR veteran to head PartnerRe life & health business
Marc Archambault, previously CEO of Asia-Pacific for SCOR Global Life, will be replaced by Craig Ford.
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- December 6 2016
US private equity joins race to acquire SBI Life
Blackstone, KKR and Bain are now competing with GIC and Canada Pension Plan Investment Board in the bidding.
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- December 5 2016
Singapore’s health ministry explains MediShield disparity
Relatively large premiums are expected to cover claims that recur and stretch to the future.
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- December 5 2016
Indonesia’s Jiwasraya eyes capturing younger market
The government-owned insurer looks to tap the younger market in its plan of digitalising its distribution and sales.
