Country: East Asia Page 108 / 211
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- August 26 2020
Motor claims drop in Japan and Korea amid lacklustre growth
There are mixed fortunes for P&C players operating in the two countries.
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- August 25 2020
Digital sales buoy China’s P&C market
As the regulator makes more reforms, GWP rose more than 7% in the first half despite lockdown.
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- August 25 2020
Korean co-insurance to boost capital strength: Fitch
The FSC has developed new regulations to help manage liabilities.
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- August 25 2020
CBIRC commits to opening up to foreign players
Market reform and supervision are on the agenda in China with Allianz and Chubb taking advantage.
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- August 24 2020
Navigating marine risks after Mauritius’ oil spill
The market has faced sustained challenges for years with rising losses and busier seas.
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- August 21 2020
Swiss Re invests in Chinese insurtech’s US$230m fundraise
Ambitious healthcare platform Waterdrop is valued at US$2bn.
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- August 21 2020
Axa eyes South Korea P&C sell off: report
Any potential sale could raise between US$135m and US$203m.
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- August 20 2020
AIA’s CEO optimistic despite H1 37% new business drop
Lee Yuan Siong sees strong growth in markets where Covid-19 restrictions are being relaxed.
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- August 20 2020
HK’s regulator launches consultation on capital requirements
The new rules will likely be implemented in early 2021.
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- August 20 2020
China’s P&C sector poised for 4% annual growth
There are hopes to revamp the domestic market, while foreign players refocus on the country.
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- August 19 2020
Prudential’s timely focus on Asia
It's going to be an exciting and challenging 12 months for chief executive Mike Wells.
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- August 19 2020
China Life denies merger rumour after share moves
Unusual price movement led to an announcement under the rules of the Shanghai Stock Exchange.
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- August 17 2020
Hong Kong confirms Clement Cheung as IA CEO for 3 more years
He will serve at least five years and has been a steady hand during a turbulent period.
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- August 17 2020
Marsh’s Australia CEO handed APAC risk role
Scott Leney has over 30 years of experience and takes on an expanded group role.
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- August 14 2020
South Korea’s P&C players hit by US$40m rain losses
The longest monsoon in the country since 2013 has flooded thousands of vehicles and homes.
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- August 13 2020
Tesla registers Shanghai broker: report
The US electric vehicle specialist could use data capture to develop driver profiles.
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- August 12 2020
Hyperion targets APAC treaty growth
The broker's re arm, overseen by Stuart Beatty in the region, has recruited veteran Steve Warwick.
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- August 12 2020
Prudential Financial agrees Taiwan life sale
The move comes after the US player exited South Korea in April for US$1.9bn.
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- August 12 2020
Korean majors in property sell-off ahead of new regulations
Insurers are shoring up capital to prepare for K-ICS and economic uncertainties from the pandemic.
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- August 12 2020
Japan P&I “investigating” Mauritius oil spill: report
There has been damage to the ship and environmental contamination.
