Country: East Asia Page 148 / 211
-
- June 18 2018
Japanese life insurers post best profits in decades
Despite facing low interest rates for more than 20 years, the major insurers remain profitable.
-
- June 18 2018
Ex-CIRC head Xiang Junbo pleads guilty to bribery
The former chairman of China’s insurance regulatory body expressed remorse in his closing statement.
-
- June 15 2018
Korea targets reinsurance liberalisation
The move is part of an effort to promote price competition in the non-life sector by the financial regulator.
-
- June 14 2018
China orders life insurers to tighten reporting standards
New regulatory rules require better asset-liability management and reporting of cash flows.
-
- June 13 2018
China says insurance sector’s risks generally controllable
The CBIRC says risks facing the insurance sector are complicated but solvency ratios remain stable.
-
- June 7 2018
MBK Partners stalls proposed sale of ING Life stake
KB Financial Group has pulled out of talks for an acquisition that could have cost as much as US$2.3bn.
-
- June 6 2018
Japanese life firms rush to Australia for growth opportunities
Strong prospects Down Under are being driven by a growing population and a mature economy.
-
- June 6 2018
Moody’s upgrades outlook for China’s life insurance industry
The agency highlights a shift to a more sustainable product mix and a slowdown in investments in risky assets.
-
- June 5 2018
Axa, Zikto to develop blockchain-based insurance products
The agreement will integrate the Insureum Protocol across the entire spectrum of insurance processes.
-
- June 5 2018
Korea to welcome more reinsurers
The financial regulator has announced landmark plans to ease entry barriers and compete with Korea Re.
-
- June 4 2018
Hong Kong’s Insurance Authority closes in on new CEO
Clement Cheung, a former Commissioner of Insurance in the city, is expected to be named to the post.
-
- June 4 2018
China’s premium income drops almost 8%
From January to April, the country's insurance firms posted total premium income of Rmb1.67tn (US$258.64bn).
-
- June 1 2018
Majority foreign ownership in Chinese insurance ventures likely
The change for life insurance JVs is proposed in the latest draft regulatory amendments under consideration.
-
- May 31 2018
AIA hires chief digital officer
Daisuke Iwase joins from Lifenet Insurance, a listed direct life insurance firm in Japan, where he was president.
-
- May 31 2018
Ex-Anbang Insurance chairman appeals conviction
Wu Xiaohui has reportedly appealed his conviction of embezzling about US$12 billion in funds.
-
- May 30 2018
China imposes US$9.8m fines on insurers
Violations that incurred penalties included irregularities such as misleading sales pitches and fake materials.
-
- May 30 2018
Anbang begins search for strategic shareholder
The troubled insurer is seeking private investors as part of its transition from Chinese state control.
-
- May 29 2018
Korean non-life insurers see fall in profits
The loss was partly attributed to accidents arising from cold weather conditions, government data shows.
-
- May 28 2018
Japanese insurers’ efforts to combat climate change still inadequate
Investment strategies are still not in accord with the Paris Agreement goals and progress has been very slow.
-
- May 28 2018
Lisa Sun to lead AIG’s business in China
She joins the insurance group from Mercer, where she was CEO of its Hong Kong and South and East Asia zone.
