Country: East Asia Page 189 / 216
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- June 7 2016
Japan quake insurance payouts rise to US$2.2bn
In just one week, insurance payouts for the Kyushu earthquakes in April have risen another 35%.
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- June 6 2016
Thaihot wins race for Dah Sing’s insurance unit
The Chinese group has reportedly agreed to pay US$1.4bn in what could be Hong Kong's most expensive insurance deal ever.
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- June 3 2016
Reinsurance under C-ROSS
Dozens of reinsurers moved onshore in response to China's introduction of its new solvency regime.
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- June 3 2016
China approves tax-deductible health schemes
Taxpayers in 31 major cities will be able to deduct taxable income paid into qualifying policies.
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- June 3 2016
China to inspect insurance investments
CIRC has informed insurers and related asset managers that it plans to inspect investments in onshore and offshore markets.
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- June 2 2016
China’s draft insurance rules worry foreign trade groups
A new cyber security law may require international insurers to buy substandard or insecure technology from China.
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- June 2 2016
Chubb Life names new Taiwan president
Chubb Group's global life insurance division has appointed Kristine Ung as the new president of its Taiwan operation.
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- May 31 2016
China Life’s Q1 net income drops 18%
The Chinese insurer's weak performance has prompted analysts to trim their forecasts for this year.
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- May 30 2016
Underwriting earnings key for Japan’s life insurers, says Fitch
Life companies are maintaining strong profitability despite declining bond yields in local fixed-income markets.
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- May 30 2016
Korea orders insurers to apply stricter lending rules
The move is part of the government's efforts to keep the country's household debt in check.
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- May 30 2016
Sompo Japan to launch volcano insurance in June
Companies suffering losses due to volcanic activity in Japan will soon have access to insurance protection.
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- May 27 2016
Blockchain technology coming to China?
Ping An has become the first Chinese insurer to join a global consortium exploring ways to use the technology in financial markets.
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- May 27 2016
Japan’s regulator holds off enforcement of commissions disclosure
Opposition from regional banks prompts FSA to set aside plan to require banks to disclose commission details.
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- May 27 2016
Korean insurers post 6.3% profit gains in Q1
However, the companies suffered declines in profitability due to the unfavourable business environment.
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- May 26 2016
Ping An joins blockchain consortium
The Chinese insurer has joined a global consortium working on ways that blockchain technology can be used in financial markets.
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- May 26 2016
Sale of ING Life generates lower-than-expected interest
Korean private equity firm MBK Partners has extended the sales offer deadline to allow more potential bids.
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- May 25 2016
China Mobile to invest US$306m in insurance market
China's largest wireless carrier plans to buy a 20% stake in two insurers from China Merchants Group.
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- May 24 2016
World Bank sets up US$500m catastrophe fund
The fund, which is the first of its kind in the world, will combat pandemics in poor nations.
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- May 23 2016
Solvency ratios of 11 Chinese insurers near regulatory limit
At least 10 life insurance firms and one property insurance firm have solvency ratios that are nearing the regulatory red line.
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- May 23 2016
Kumamoto quake payouts are Japan’s second-largest
The recent earthquakes in and around Kumamoto Prefecture have incurred insurance payouts US$1.13 billion.
