Country: Asia Page 434 / 444
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- July 9 2015
Shares of Korean insurers trading below IPO prices
Lower share prices reflect concerns about negative margins in the life insurance business, according to analysts.
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- July 8 2015
India’s life insurance industry forecast to grow up to 15%
Improved market scenario and government efforts to improve insurance penetration in the country, cited as factors.
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- July 8 2015
Three shortlisted for Bank Rakyat Indonesia’s life stake
BNP Paribas Cardif, FWD Group and Hanwha Life Insurance Co said to be shortlisted.
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- July 7 2015
India to launch database to monitor insurance fraud
24 life insurance companies said to have joined the programme to detect and prevent fraudulent claims.
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- July 7 2015
Philippine life insurance market smallest in Asean 5
Country's insurance market amounts to just US$3.8bn in premium earnings despite having second largest population among the Asean 5.
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- July 7 2015
Thailand to insure train passengers for the first time
Costs related to the scheme will be shouldered by the SRT and not incorporated into train fares.
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- July 6 2015
Hong Kong’s Now Health International acquires Best Doctors Insurance
Acquisition creates one of the largest international private medical insurance (IPMI) providers in the world.
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- July 6 2015
Life premium growth to increase in emerging markets this year
China and central and eastern Europe to see more life premium growth this year, according to Swiss Re report.
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- July 6 2015
Vietnam’s health insurance penetration reaches 71.4%
Healthcare insurance holders reaches 64.6 million to date, an increase of 2.7 million over the same period last year.
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- July 3 2015
China leads the way on catastrophe risk
China's Panda bond is an important step in developing better tools for transferring risk—and should also serve as a model for India.
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- July 3 2015
Allianz Life Korea to focus on wealthy seniors
Munich-based global insurer aiming to become the No. 1 global insurer locally.
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- July 3 2015
China’s CNinsure sells stake to J&R
Manufacturer and supplier of fire protection and safety equipment, expected to hold approximately 5.5% of CNinsure's outstanding shares.
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- July 2 2015
China’s Anbang Insurance acquires Belgian bank
Chinese insurer officially acquires Delta Lloyd Bank Belgium, one of the oldest banks in the Country.
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- July 2 2015
State Bank of India to sell stakes in insurance subsidiaries
SBI to sell a 10% and 23% stake in life insurance and general insurance subsidiaries to foreign partners.
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- July 2 2015
Malaysia’s Islamic insurance premiums to grow 18.2% annually
Takaful projected to reach a market share of 18% of total insurance premiums by 2019, from 10% in 2013.
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- July 1 2015
China Re set to launch first Chinese earthquake catastrophe bond
Bond is expected to be launched today and will provide cover to debut sponsor China Re on an indemnity basis, according to sources.
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- July 1 2015
US regulators okay Fosun’s US$433m insurance acquisition
Chinese conglomerate receives approval from regulators in Michigan and Washington.
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- June 30 2015
Malaysia’s Takaful Ikhlas plans overseas venture by 2020
The KL-based Islamic financial protection provider is planning to venture abroad by 2020.
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- June 30 2015
Philippine deposit insurer to auction 126 bank assets
The PDIC is soliciting sealed bids for 126 properties owned by closed banks nationwide.
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- June 29 2015
Standard Life shuts Singapore business
Firm remains committed to its Asian business with focus on Chinese and Indian partners.
