Country: East Asia Page 192 / 215
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- March 30 2016
China to beef up Inner Mongolia’s insurance industry
CIRC has sealed a memorandum of cooperation to help the region improve its insurance industry.
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- March 30 2016
Three China insurers post double-digit growth in 2015
Net profits at China Pacific, PICC and PICC P&C soared in part due to a surge in demand for asset management products.
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- March 29 2016
Japan amends tax treatment of premiums for D&O
D&O liability insurance will no longer be treated as income under a new tax treatment policy.
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- March 29 2016
Korea’s NHIS adding more investment products
The addition of more dividend-paying products to its investment portfolio is intended to boost returns.
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- March 29 2016
China Life misses 2015 profit forecast
The business took a hit in the final three months of 2015 as profit slumped 81.5% in the period from a year earlier.
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- March 24 2016
Cathay Life posts profit of US$154 million in Q1
The Taiwanese insurer reversed unrealised losses of US$120m in the fourth quarter to post a profit for this quarter.
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- March 24 2016
Limit on life policies at Japan Post Insurance raised
The maximum value of life-insurance policies will rise to ¥20m from the current ¥13m after government gives approval.
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- March 24 2016
Fosun said to plan IPO for Ironshore
Fosun is reportedly planning a share offering for Bermuda-based Ironshore, which it bought in November 2015.
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- March 23 2016
Anbang loses Starwood bid to Marriott
The Chinese insurer misses out after US rival increases its offer for the hotel chain to US$13.2 billion.
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- March 22 2016
China suspends short-term insurance products
CIRC says insurance companies should not sell quasi-wealth management products purely for investment purposes.
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- March 22 2016
AIA to further invest in Asia-Pacific infrastructure projects
Chief executive Mark Tucker says the company is interested in boosting social and economic development in the region.
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- March 22 2016
China’s Huize Insurance completes US$31m series B fund
One of the top online insurance agency platforms in China has received financing from unidentified Chinese investors.
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- March 18 2016
Taiwan further loosens offshore investment restrictions
Domestic insurers will be allowed to allocate up to 40% of their assets to offshore investments.
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- March 18 2016
Japan Post to strengthen sales of insurance products
The group's new president faces a profit challenge from the drop in mail volume and negative interest rate policy.
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- March 18 2016
Chinese customers spent US$4.2bn in HK in 2015
The amount represents roughly a quarter of the total premium income from new life policies in the city.
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- March 17 2016
Ping An’s profit jumps 38% in 2015
The Chinese insurer made a net profit of US$8.3 billion in 2015, its highest earnings result since 2003.
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- March 17 2016
US approves Anbang’s acquisition of Fidelity & Guaranty
The US$1.57bn deal will make Anbang one of the biggest insurers by market share in fixed-indexed annuity products.
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- March 16 2016
Anbang leads US$13bn group bidding for Starwood Hotels
The Chinese insurer continues overseas buying spree, but Starwood says it is committed to deal with Marriott.
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- March 16 2016
Cathay Life to raise overseas investments this year
Amid a persistent low-yield environment, the Taiwanese insurer continues to search for higher returns abroad.
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- March 15 2016
China majors allocate US$240bn for overseas property deals
The increased allocation comes at a time when a growing number of insurers are expanding overseas.
