Country: East Asia Page 154 / 215
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- April 27 2018
Asia powers growth in global insurance markets – Allianz
China set to become world’s largest insurance market – with premiums growing ~13% in coming years
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- April 27 2018
Taikang invests in Chinese biologics startup
The Chinese insurer has taken part in a US$150 million funding round for Innovent Biologics.
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- April 26 2018
Majority of Japanese health insurance societies loss-making
Of the 1,389 health insurance societies, more than 60% are expected to end the fiscal year in the red.
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- April 25 2018
China’s business insurance to boost sharing economy
More than 80% of consumers would be more comfortable using sharing-economy services if insurance were offered.
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- April 24 2018
Chinese regulator steps up fight against financial risk
All potential violations are being aggressively targeted, according to the new banking and insurance regulator.
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- April 23 2018
Korean insurers face weakening financial health
A rise in interest rates and dividend payouts took its toll on available capital in the fourth quarter of last year.
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- April 20 2018
Fosun and Gonbao reopen bids for Greece’s national insurer
The deal to buy a major stake in Ethniki Hellenic General Insurance is reportedly valued at US$900m.
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- April 19 2018
APAC bancassurers tap blockchain to improve offerings
Banks in the region continue to leverage the technology to improve and expand their insurance offerings.
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- April 19 2018
Korean auto insurance slowed in 2017
The latest statistics suggest that stiff competition and lower premiums have affected profitability.
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- April 18 2018
JD.com to buy one-third of Allianz China General Insurance
The Chinese e-commerce company will become the second-biggest shareholder in the Allianz unit for US$85m.
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- April 18 2018
HWI taps Jeremy Austen to launch Hong Kong unit
The industry veteran will help establish a new managing general agent in the city, NuVu Underwriting.
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- April 17 2018
Nippon Life commits US$94m to fintech investment
Japan’s biggest private insurer has said that it will invest in fintech and so-called “insurance+α” areas.
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- April 16 2018
Anbang seeks advice on potential divestments
The group is in the process of interviewing investment banks to help it sell off parts of its portfolio.
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- April 16 2018
Good Doctor targets US$1bn Hong Kong IPO
Ping An will spin off China’s largest health care and online medical platform in early May.
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- April 13 2018
China promises market opening
Officials have promised a range of measures, including further liberalisation of its insurance sector.
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- April 13 2018
Cathay Life’s move on Bank of Nova Scotia’s Malaysian unit fails
The Taiwanese financial group did not give details on why the deal fell through, but said it wasn't about price.
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- April 13 2018
China to relax foreign ownership in life sector from June
Limits in joint venture life insurance companies will be raised to 51% this year and removed in three years.
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- April 12 2018
Sompo International creates retail platform for global integration
The group envisions bringing all its international businesses outside Japan under the ownership of one unit by 2020.
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- April 12 2018
Prudential to increase investment in China
The company is aiming to boost its product coverage and sales distribution in the country.
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- April 11 2018
PICC eyes Shanghai listing
The parent of China’s biggest non-life insurer is planning a secondary listing to raise over Rmb10bn in fresh capital.
