Country: East Asia Page 189 / 205
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- December 18 2015
Fosun scrutiny affecting overseas M&A
The investigation of chairman Guo Guangchang is causing problems for acquisition of Israeli insurer.
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- December 18 2015
Anbang Insurance buys further stake in Sino-Ocean
The privately held Chinese insurer paid a further US$426 million to raise its stake to 30%.
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- December 18 2015
China’s medical insurance covers 95% of population
China's Ministry of Human Resources and Social Security says more than 1.3 billion are now covered.
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- December 17 2015
China releases rules for insurance fund controls
CIRC is aiming to enhance the sector's ability to manage risks and become more prudent.
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- December 16 2015
Chinese insurer ZhongAn tops Fintech 100 list
The list, compiled by H2 Ventures and KPMG, also featured six other Chinese companies.
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- December 15 2015
SGI plans aggressive expansion abroad
Korea's biggest provider of surety and trade credit insurance is looking to grow in SE Asia.
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- December 14 2015
China to become world’s second-largest market
China could become the world's second-largest insurance market after the US by 2025, if the sector's growth momentum continues, according to a report.
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- December 14 2015
Japan’s non-life insurers to maintain profits in 2016
The decision to raise premiums is expected to support profits, says a report released by Fitch.
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- December 14 2015
Foreign insurers in Korea hit by heavy Q3 losses
Continued poor performances fuel rumours that global insurers will pull out of the market.
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- December 11 2015
Sompo Japan scraps investment in reinsurer Scor
The Japanese nonlife insurer may also unload the shares it already owns in the French reinsurer.
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- December 11 2015
Financial status of Korean insurers improves in Q3
Improvement attributed to higher returns from bond investments amid lower interest rates.
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- December 10 2015
China Life to buy Postal Savings Bank stake for US$2bn
China's biggest insurer is buying roughly 5% of the postal bank ahead of its Hong Kong IPO.
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- December 10 2015
Japanese insurers look forward to 2016 profit boost
Fitch predicts continued profit improvement next year after record profits during 2015.
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- December 10 2015
Foreign insurers win modest market share in China
Overseas companies continue to be dominated by local insurers despite gradual liberalisation.
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- December 9 2015
AIG selling US$1bn stake in PICC P&C
The deal marks the second time that AIG is cutting its shareholding in the Chinese state insurer.
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- December 9 2015
China’s first insurance development index released
The index shows 70% of total insurance fees during 2014 were from vehicle insurance.
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- December 9 2015
Prudential planning to sell PCA Life Korea
The British insurer is reportedly selling its Korean unit as part of an Asian restructuring.
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- December 9 2015
HK’s Insurance Authority needs HK$650m seed cash
The insurance body will regulate the city's sales force and crack down on malpractice.
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- December 8 2015
China’s non-life sector likely to weaken, says Fitch
The sector's growth dynamics could weaken if vehicle sales continue to stagnate.
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- December 8 2015
Fubon gets green light to buy stake in Hyundai Life
Korea's Financial Services Commission has approved the purchase of a 48% stake.
