Country: Asia Page 384 / 406
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- October 21 2015
Alibaba to offer ‘Good Samaritan’ insurance
Alibaba is offering to cover the legal costs for people blackmailed after helping those in need.
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- October 20 2015
Micro insurance in Taiwan hits 200,000 policies
Since its launch in November 2009, the initiative has insured more than US$200 million.
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- October 20 2015
Korean insurers free to set their own premiums
Financial regulator FSC is promoting greater price competition in the local insurance market.
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- October 20 2015
ANZIIF teams up with Thai Insurance Institute
The Australian and New Zealand institute will provide training for insurers in Thailand.
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- October 19 2015
Taiwan Life acquired by CTBC Financial
CTBC Financial issued US$102.54 million worth of preferred shares as part of a share swap.
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- October 19 2015
Bangladeshi scheme will train insurance practitioners
Professional insurance education is being offered through two private academic institutions.
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- October 19 2015
AIG appoints first independent directors in Singapore
Shirish Apte and Isabella Loh have agreed to a three-year term, effective from mid-October.
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- October 19 2015
Vietnam to ban SOEs from investing in insurance firms
A government decree has banned SOEs from making fresh investments in insurance firms.
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- October 16 2015
AIA’s Malaysia unit to add 5,000 agents this year
AIA has a multi-channel distribution network supported by a current force of 17,000 agents.
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- October 16 2015
IAG drops China to focus on other Asian markets
The Aussie insurer has decided to abandon its plan to further expand in China, according to a report.
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- October 16 2015
P&C insurance outlook for Asia largely flat, Moody’s
For Asia, some bright spots are likely to be found in Japanese markets, says the rating agency.
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- October 16 2015
Mitsui Sumitomo on track with US$338m investment plan
Despite recent market turmoil, the Japanese insurer is still pursuing its goal to invest ¥40bn.
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- October 15 2015
Nippon Life eyes NAB’s insurance unit
The Australian bank has put its insurance unit on sale due to tightened global regulations.
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- October 15 2015
Online insurance still unpopular in Taiwan
Regulators aim to remove roadblocks that hamper online insurance sales after a lacklustre year.
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- October 15 2015
Shanghai’s rich account for 15% of China’s life premiums
Just 160,000 Shanghainese account for about 15% of the total life insurance premiums in China.
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- October 14 2015
Nippon Life ups stake in India’s Reliance Capital
The US$184m stake is the biggest foreign direct investment in India's mutual fund industry.
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- October 14 2015
Philippines property insurance market booming
The country had one of the fastest-growing property insurance markets between 2010 and 2014.
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- October 14 2015
Aon reportedly pulling out of India’s broking market
Broker is set to pull out of its Indian joint venture amid "regulatory changes".
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- October 14 2015
Chinese insurers tapping international expertise
Expertise on products, pricing and technology is being sought through mergers and acquisitions.
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- October 13 2015
Investors commit US$1.2bn for China Re IPO
Cornerstone investors include Great Wall Pan Asia, State Grid and China Development Bank.
