Country: Asia Page 435 / 436
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- April 16 2015
Zhong An Insurance passes $10bn valuation
Zhong An has underwritten over 630 million insurance policies and serviced 150 million clients in its first year of operation.
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- April 16 2015
BPL reshuffles Asia-Pacific leadership
Peter Gilbert's move to Singapore aimed at helping service BPL's base of banks and corporates, and develop new markets and clients.
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- April 16 2015
AXA strikes partnership deal with SingPost
Financial advisers will promote AXA's insurance products at 34 post offices in Singapore under a 10-year agreement.
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- April 16 2015
China warns of strange stock price insurance product
The online insurance product claims to provide protection against stock price volatility.
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- April 14 2015
Fitch affirms IFS A- rating of China’s Huaxia Life
The Beijing based insurer has become the largest player in the UL segment in terms of new premiums, says Fitch.
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- April 14 2015
Sri Lanka’s insurance industry grows 13.2%
Analysts expect more insurers to invest in Sri Lanka which has 22 licensed insurance companies operating in the Country.
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- April 14 2015
Taiwan government to takeover underperforming insurers
Insurers with a risk-based capital ratio of less than 50% may be acquired.
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- April 13 2015
Sri Lanka’s insurance board names new director
Asanga joins IBSL having served in the government sector for the last decade.
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- April 13 2015
Thai regulators urged to promote ULIPs
Introduced to the market in 2009, ULIPs are expected to play a vital role despite the challenges.
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- April 13 2015
Malaysia, Saudi Arabia to lead premium growth of global takaful sector
A report by AM Best sees significant opportunities for takaful operators but challenges remain.
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- April 11 2015
Thailand to cut deposit insurance coverage in August
Reduction prompts investors to the bond market.
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- April 11 2015
Experts call for scaled up universal health coverage in Bangladesh
Government contribution to the health sector in Bangladesh said to be only 25%.
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- April 9 2015
Fubon considering cross-strait cooperation with Ping An
Policyholders would be able to settle a claim at more than 700 China Ping An service counters should they have an accident in China.
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- April 9 2015
Manulife inks USD1.2bn Asia distribution deal with DBS Group
Deal also allows DBS’ six million-strong retail, wealth and SME customer base to access the various life and health insurance solutions offered by Manulife.
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- April 9 2015
Myanmar sets rules for foreign insurance firms in economic zones
Foreign insurance companies required to pay a license fee to be allowed to operate in the country's special zones.
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- April 9 2015
China Life and Ping An make their first US real estate investment
The project includes a 13-story office building and a 100-unit, nine-story condominium tower.
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- April 9 2015
US eases collateral requirements for Japanese reinsurers
Reinsurers licensed and domiciled in Japan can now operate in the US with reduced levels of collateral.
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- April 8 2015
Bank Rakyat Indonesia to acquire local life insurance company
Bank to allocate approximately USD232 million to fund its planned acquisitions.
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- April 8 2015
Vietnam insurer to sell shares to foreign strategic investors
Company to also open two seats on its managing board for investors.
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- April 7 2015
Taiwanese insurers face higher risks as forex holdings rise
Local insurance firms have minimal margins to absorb unfavorable foreign fluctuations.
