Country: East Asia Page 180 / 221
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- March 13 2017
Hong Kong told to develop incentives for reinsurers
Insurers and brokers are moving their businesses to Singapore where economics of scale and tax benefits are preferable.
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- March 8 2017
Zhong An to sell up to 10% stake to investors
China’s first internet-only insurer intends to raise funds before its planned initial public offering.
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- March 7 2017
Big insurers may face less scrutiny in China
Insurance authorities are planning an industry-wide shakeup that will see smaller insurers face stricter regulation.
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- March 6 2017
IMG acquires ALC Health
The global benefits and assistance services provider has acquired UK-based à la carte healthcare.
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- March 6 2017
China consortium joins bid for Hong Kong Life Insurance
The consortium will be up against China’s state-owned Yue Xiu in a deal valued at more than US$700m.
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- March 3 2017
Citic-Pru Life approved to open Sichuan branch
The development comes after the JV announced plans to expand into Anhui province in November last year.
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- March 3 2017
Japan non-life insurers increased leverage in 2016
Average financial gearing grew to 6.1% in 2016 amid an expansion of insurers' international acquisitions.
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- March 2 2017
Japan national health insurance system posts deficit
The continuing deficit is due to rising costs perpetrated by the country's ageing population and expensive new treatments.
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- March 2 2017
Swiss Re Corporate Solutions appoints Japan head
Paul Atkinson succeeds Juerg Stoll, who has held the role since 2010 and is becoming country head for Malaysia.
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- February 28 2017
CIRC slaps Evergrande Life with 12-month ban
The Chinese insurer will be unable to participate in stock investments after violating investment rules last year.
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- February 27 2017
Chinese insurance group official faces probe
The vice-chairman and president of PICC is reported to be facing investigation over alleged serious disciplinary violations.
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- February 24 2017
Chinese regulator continues to warn of risky practices
CIRC has again reiterated its stance against use of insurance capital for market speculations.
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- February 23 2017
Sun Life Financial appoints Hong Kong CEO
Fabien Jeudy will be responsible for growing operations across life and health, wealth management and pensions.
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- February 23 2017
China welcomes first shipping captive insurance firm
Cosco Shipping Captive Insurance has officially opened at the Shanghai Free Trade Zone.
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- February 23 2017
CIRC participating in new asset management rules
The insurance regulator has reportedly teamed up with the central bank and the country’s securities and banking regulators.
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- February 22 2017
Korea’s insurers post net income decline in 2016
Results were dragged down by a lacklustre performance from life firms, according to FSS.
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- February 16 2017
Sompo partners with Stanford and startup incubator
The Japanese insurer aims to develop products and services for the age of autonomous vehicles and robots.
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- February 15 2017
Dai-ichi Life considers using fintech in life insurance
The Japanese insurer is using its investment in bitFlyer to explore innovations that unite finance and technology.
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- February 15 2017
Chinese premiums up in 2016 but set for slowdown
CIRC expects growth to slow down this year due to stricter regulations for financial deleveraging.
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- February 14 2017
China’s JD.com mulls online insurance business
One of China’s e-commerce giants is set to launch an internet insurance service.
