Country: East Asia Page 171 / 221
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- September 11 2017
Blockchain to change insurance business model
The technology can reduce the uncertainty of insurers' risk pool system, says Deloitte.
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- September 8 2017
Allianz rebuffs Chinese takeover
It emerged this week that Anbang and HNA both attempted a takeover of the German insurer earlier this year.
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- September 8 2017
Listed Chinese insurers to benefit from risk crackdown
Efforts to contain the sale of risky short-term life insurance policies won't seriously affect the country's major insurers.
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- September 7 2017
Foreign insurers get access to wider market in China
CIRC says the government will open the local health, disaster and pension insurance markets.
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- September 7 2017
PartnerRe names new CEO for L&H in Asia
Jerome Matrundola joins from SCOR to lead the life and health business in the region.
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- September 6 2017
HSBC Insurance appoints Hong Kong CEO
Former interim chief executive Edward Moncreiffe will oversee HSBC’s insurance and pension business in the city.
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- September 6 2017
XL Catlin strengthens Asia casualty capability
Elishe Quek and Alice Chong join as casualty underwriters from AIG to take up positions in Singapore and Hong Kong.
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- September 6 2017
Huabang Financial to acquire Israel’s Clal Insurance
The controlling stake in the Israeli insurance and financial firm is valued at approximately US$1.36b.
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- September 6 2017
Growth of non-linked life premiums drops in HK
However, linked life business enjoyed a steep increase in growth, according to the latest data from the Hong Kong Insurance Authority.
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- September 5 2017
Anbang returns to more traditional business model
The company is preparing a new array of services and products to launch after its current ban expires.
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- September 4 2017
Sompo to sell Lloyd’s unit
The Japanese insurer will offload Sompo Canopius to private equity firm Centerbridge Partners for ¥100b.
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- September 4 2017
Chinese premium income growth slows
Total premium income grew at 21.3% through July, compared to more than 35% in the same period last year.
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- September 1 2017
Chinese ministries cooperate to discipline insurers
Insurers found violating rules will be restricted from establishing banking, securities and insurance subsidiaries.
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- August 31 2017
Korea’s health insurance outlays hit US$30bn
Spending on medical examinations, hospitalisations and drug purchases in the first half of the year rose 9.2%.
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- August 30 2017
Japan insurers review regional risks
Leading nonlife insurers are re-evaluating damage risks to improve their premium pricing.
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- August 29 2017
PICC eyes South-East Asia acquisitions
China's biggest non-life insurer may see a couple of deals happening before the end of this year, according to a company executive.
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- August 28 2017
Investment income lifts China Life profits
Net income rose by 17.8% in the first six months of the year, driven by an 11.45% investment return.
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- August 28 2017
China Life, Baidu to raise US$1bn for tech investments
The two companies will partner in a private equity fund targeting middle to later stage companies.
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- August 25 2017
Anbang Life’s credit rating lowered
A Chinese rating agency has downgraded the insurer three months after CIRC curtailed its operations.
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- August 25 2017
Mitsui Sumitomo to buy Singapore’s First Capital
The deal will see it pay US$1.6bn to the existing owner, Canada's Fairfax Financial Holdings.
