Country: Asia Page 368 / 481
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- July 16 2018
India’s private insurers outperform public rivals
Private insurers now have a 55% market share, according to ICRA, a Moody’s Investors Service company.
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- July 13 2018
Tighter rules to boost China life insurers’ risk profile
More stringent measures on short-term savings-type products and better disclosure are working, says Fitch.
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- July 13 2018
Anbang eyes selling Belgian insurer Fidea
The troubled Chinese insurer is reportedly considering its first divestment in Europe.
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- July 13 2018
Anbang starts disposals
The Chinese government has begun the process of selling international assets, with Belgium’s Fidea reportedly up first.
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- July 13 2018
Bull in a China shop
Insurance and other financial services are among the industries that Donald Trump’s bullying trade war could force China to open.
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- July 12 2018
Foreign reinsurers waiting on changes to India’s rules
State-owned GIC Re continues to enjoy right of first refusal for domestic reinsurance business.
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- July 11 2018
Japan insurers to waive premium payments for flood victims
Four companies are offering a six-month waiver to those affected by the torrential rains in western Japan.
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- July 11 2018
China changes rules on director appointments
Under the changes, major shareholders of an insurance firm can no longer nominate independent directors.
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- July 10 2018
Taiwan’s anti-fraud body urges insurers to improve compliance
Officials are urging the nation’s life insurance companies to implement tougher measures to fight money laundering.
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- July 10 2018
Philippine pension fund ups rating requirement for reinsurers
The Government Service Insurance System will require bidders to have a credit rating of at least B+.
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- July 10 2018
Premium income in China drops 5.9%
The decline came as authorities were seeking to improve regulation of the sector to reduce financial risk.
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- July 9 2018
Philippines reinsurer Nat Re posts US$3.8m underwriting profit
It was the fourth straight year that the reinsurer posted positive net income despite large global insured losses.
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- July 9 2018
Record rainfall slams southern Japan
The rain is forecast to continue for the next couple of days and many landslide warnings have been issued.
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- July 6 2018
China remains the major source of emerging market growth
China now accounts for more than half of emerging market life insurance premiums written, or 11% worldwide.
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- July 6 2018
Singapore life market posts double-digit growth
Job growth in the city is largely being fuelled by the insurance and fund management sectors, says MAS.
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- July 6 2018
India’s ITI Re sold to Fairfax
The country's only private reinsurer has been sold a year after its owner threatened to quit the industry.
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- July 6 2018
IDBI Bank no longer pursuing sale of stake in insurance JV
The proposed sale of its stake in IDBI-Federal Life has been torpedoed by LIC's investment in the bank.
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- July 5 2018
Hong Kong’s Arbor Ventures backs US$12m fundraising for Planck Re
The Israeli commercial insurance data platform is a pioneer in the use of AI in the commercial insurance industry.
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- July 4 2018
AIA Cambodia and Amret sign bancassurance deal
The agreement was signed in time for the inauguration of Amret’s new headquarters in Phnom Penh.
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- July 4 2018
China Re and Zhong An invest in blockchain
China Re and Zhong An have already completed a proof of concept to test areas including contracts, documents and claims.
