Country: Asia Page 374 / 455
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- July 5 2017
Malaysia reminds foreign insurers of 70% ownership cap
Though the central bank says there are no new rules on foreign ownership in insurance companies.
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- July 4 2017
Fitch sees further growth in Indonesia’s insurance sector
The rating agency forecasts significant benefits from recent positive economic developments.
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- July 4 2017
Mitsui & Tokio Marine to cover bitcoin trades
Two Japanese insurers are set to offer compensation for failed virtual currency transactions.
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- July 3 2017
Malaysia’s new motor insurance pricing scheme starts
The insurance industry will see stiffer competition for motor premiums as liberalisation sets in.
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- July 3 2017
China’s ZhongAn files US$1.5bn IPO in Hong Kong
China's first internet-only insurer may launch its initial public offering before the end of the year.
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- July 3 2017
Ageas, EastWest launch Philippines digital venture
Troo will address access to health care, education for children, as well as support during retirement.
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- July 3 2017
OCBC sells 33.3% stake in Hong Kong Life Insurance
The sale to First Origin International yielded a return of around US$309m.
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- June 30 2017
Chinese majors target more overseas investments in 2018
About 64% of mainland insurers are planning to increase allocation to international markets, says Standard Life.
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- June 30 2017
CIRC crackdown hits universal life sales
Premiums are down 59% year-on-year on the back of an aggressive campaign to tame market players.
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- June 30 2017
AGCS to open Seoul branch
The Allianz unit is the first foreign non-life insurer in almost a decade to open in Korea.
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- June 29 2017
Anbang sues former owners of Tongyang Life
In a case of buyer's remorse, the Chinese insurer has complained that the sellers deliberately concealed risks.
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- June 29 2017
Korean firms must raise capital reserves by year end
Capital reserves will be gradually raised starting this year-end, the financial regulator recently announced.
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- June 29 2017
Prudential’s Eastspring invests US$500m in IFC infrastructure fund
The asset management unit is the first Asian investor to participate in the programme, known as MCPP Infrastructure.
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- June 28 2017
Axa Hong Kong appoints new CEO
Etienne Bouas-Laurent will take over from Stuart Harrison, who retires from the position after eight years.
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- June 28 2017
Mirae Asset Life to buy 50% stake in Prevoir Vietnam
The deal marks Mirae's entry into the Vietnamese market, having reportedly outbid a Chinese competitor.
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- June 28 2017
Outlook on China’s life market remains negative
Profitability and capitalisation are expected to weaken, according to Moody's Investors Service.
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- June 27 2017
Cyber coverage surges in Japan as attacks rise
Mitsui Sumitomo said its cyber insurance policy sales have increased by 250%.
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- June 27 2017
Hong Kong’s Insurance Authority takes the reins
The new regulator, headed by Moses Cheng, has now officially replaced the Office of the Commissioner of Insurance.
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- June 27 2017
Korean firms raising capital ahead of IFRS 17
Some insurers are planning to issue hybrid capital securities in the US dollar bond market.
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- June 26 2017
Malaysian insurers to develop digital platform
The deal will set the foundation for a full-service life insurance and takaful aggregator portal.
