Country: East Asia Page 175 / 213
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- January 5 2017
Korea will make fourth attempt at KDB Life sale
Sources say that KDB has extended the maturities of two funds created to look for a new buyer.
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- January 5 2017
CIRC further tightens rules on insurance industry
The regulator now requires a compliance management system on the holding company of an insurance conglomerate.
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- January 4 2017
Chinese insurers face tighter profit margins this year
Analysts warn that low interest rates and increased regulation will further weaken investment returns.
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- January 4 2017
Aon Hewitt names Peter Zhang as new China CEO
He succeeds Klaus Liu, who will take on the role of chairman of the consulting business in Greater China.
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- December 23 2016
China tightening issuance of insurance licences
The move comes amid efforts to reduce risks resulting from aggressive business and investment practices.
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- December 22 2016
ING Life among 20 firms to go public in Korea in 2017
Korea's fifth-largest insurer by assets is expected to join about 20 companies going public during the second half.
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- December 21 2016
Chinese insurer Zhongan scraps HK IPO plan
Instead, the insurer, which has more than 400 million customers, is considering listing in mainland China.
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- December 20 2016
Hong Kong caps insurance purchases of Chinese residents
Authorities roll out a series of curbs to control insurance-related outflows.
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- December 19 2016
China warns insurers on failed self-inspections
CIRC has warned 10 companies that failed to properly undertake self-inspections on their risk levels.
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- December 19 2016
2016 disasters cost US$158bn, says Swiss Re
Insured losses rose by 30%, but covered less than a third of the costs incurred from catastrophes.
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- December 16 2016
China cracks down on “impure” insurers
CIRC will further limit single-investor shareholding in insurers and scrutinise funds used to buy stakes in insurers.
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- December 15 2016
CIRC to set news rules on leverage acquisitions
The Chinese regulator has denounced insurers' leveraged buying spree and announced tougher new rules.
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- December 14 2016
Japanese optional auto insurance premiums set to drop
Improvements in vehicle safety may be good for car owners in Japan, but not so good for insurers.
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- December 13 2016
AIA stresses quality over quantity
Productivity and protection policies have been the secret to why business in China has been so successful.
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- December 9 2016
Taiwan premiums set to break record
Total premium payments collected this during the first 10 months of this year is up by more than 6%.
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- December 7 2016
Liberty Mutual agrees to acquire Ironshore for US$3b
The specialty insurer is being sold by Chinese conglomerate Fosun, which had been considering an IPO.
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- December 7 2016
Stable outlook for Japanese life industry, says Moody’s
After a protracted period of low interest rates, the ratings has agency changed its outlook from negative to stable.
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- December 2 2016
Hong Kong’s popularity grows for mainland insurance buyers
The city remains a top attraction for wealthy Chinese who want to get their cash out of the country.
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- December 2 2016
China cracks down on trophy acquisitions
Plans to rein in the country's overseas shopping spree are likely to affect acquisitive Chinese insurers.
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- December 2 2016
Mainlanders’ spending on HK insurance doubles
A total of US$6.3b was spent on Hong Kong insurance products during the first nine months of the year.
