Country: Asia Page 413 / 461
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- June 28 2016
Chinese insurers turn to alternatives for yield
Non-traditional investments are largely aimed at combating the adverse effects of low interest rates and volatile stock markets.
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- June 27 2016
CIMB to reap M$1bn revenue from banca deal
The Malaysian group expects to generate US$245m from its 15-year bancassurance deal with Sompo Japan Nipponkoa.
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- June 27 2016
Thanahart and MBK form joint venture
Thailand's sixth-biggest lender and a property developer have formed a life and non-life insurance broker JV.
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- June 24 2016
Korea’s insurance, pension assets hit new record in 2015
Savings have soared as more people increase their assets to prepare for retirement amid low interest rates.
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- June 24 2016
China gives mutual insurance its approval
Three mutual insurance associations have been given the go-ahead by the regulator for a one-year trial.
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- June 24 2016
Indian life premiums up by more than a quarter
New premium collections increased by 26.6% to US$1.57 billion during May, led by state-run companies.
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- June 24 2016
Dai-ichi Life ups stake in Indian insurance venture
The Japanese company has paid US$80m to Bank of India to extend its stake in Star Union Dai-ichi Life to 44%.
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- June 23 2016
Berkshire enters accident and health market in Asia
Philip Brain joins from Chubb to lead entry into group personal accident and business travel products.
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- June 23 2016
Japanese majors raise capital for 2020 rule
Among those that are increasing their capital are Sumitomo Life, Meiji Yasuda Life, Nippon Life and Dai-ichi Life.
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- June 22 2016
Restructuring to hurt Korean insurers in short term
Corporate restructuring initiated by the government may further hurt the capital soundness of domestic insurers.
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- June 22 2016
WeLab considers insurance venture
China's largest mobile lending and credit analytics platform is entering the insurance services business.
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- June 22 2016
Hong Kong market grows strongly in Q1
The upbeat tempo has been attributed to the establishment of the Independent Insurance Authority.
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- June 21 2016
Asean pushes for integration of insurance sector
Member countries have set up a working group that will look into the integration of the sector within the region.
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- June 21 2016
Zurich sells general insurance operations in Taiwan
The sale is part of its efforts to restructure its global organisation and curb a decline in profitability.
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- June 21 2016
China Life vies with Yunfeng in iKang bid
A bidding war has ensued between the two Chinese buyers, who both want to delist the healthcare provider from Nasdaq.
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- June 21 2016
Max Financial and HDFC eye merger
The deal will potentially create the biggest private insurer in the country, overtaking ICICI Prudential.
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- June 20 2016
Fitch cuts outlook on 11 Japanese insurers
Increasingly difficult for insurers to be rated above the sovereign if they hold high levels of government debt.
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- June 20 2016
Ping An eyes Hong Kong listing of securities unit
The majority-owned subsidiary of Ping An will sell up to 25% of the its total shares in the city.
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- June 20 2016
Losses from Kumamoto quake near US$3bn
Insurance and reinsurance losses continue to mount amid a late surge in claims payouts for damages.
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- June 17 2016
Taiwan firms warned against policy violations
The regulator is concerned about the high number of insurers burdened with excessive fees paid on sales .
