Country: East Asia Page 208 / 211
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- June 8 2015
MSI permitted to operate in Myanmar’s Thilawa Special Economic Zone
Obtains a provisional permit to underwrite general insurance from regulators.
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- June 8 2015
Shanghai insurance exchange to get approval this year
Exchange will offer risk securitisation products, catastrophe bonds and insurance derivatives, according to reports.
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- June 4 2015
Nippon Life said to acquire National Australia Bank’s life insurance unit
Analysts value the life insurance business at up to US$1.4bn.
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- June 4 2015
Peak Re to partner with Shanghai Typhoon Institute
Collaboration for forecasting on China typhoon activities announced.
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- June 3 2015
Samsung Life Insurance eyes acquisition in the Philippines
Growing economy, low insurance penetration rate, and large population seen as factors.
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- June 3 2015
China’s regulator to oversee claims related to ship tragedy
Regulator also urges insurers to provide quick claim services.
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- June 2 2015
China launches commercial vehicle insurance reform
Insurance firms to receive more autonomy in setting premiums as part of the reform.
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- June 2 2015
Sales of investment-linked assurance products fall 42% in Q1
Sales plunge dramatically after Hong Kong regulators tightened rules in January.
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- June 1 2015
China’s corporate insolvency forecast to rise this year
Atradius, Euler Hermes and Coface all issue reports predicting an increase for mainland China insolvency.
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- June 1 2015
Japan’s nonlife insurers plan hike in auto insurance premiums
Growing number of accidents in Okinawa and the rise in vehicle damage caused by typhoons among the factors.
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- May 30 2015
China Life Insurance elects new chairman of the board
Yang Mingsheng election comes a week after he was also elected as an executive director of the company.
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- May 30 2015
Fosun shifts focus to insurance
Conglomerate expected to sell more of its own equity as it focuses on developing its insurance business.
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- May 28 2015
Japan passes healthcare insurance reforms
Contribution percentages for patients aged 75 and over will be increased.
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- May 27 2015
Taiwan’s Fubon Life pays US$540m for Madame Tussauds London site
Taiwanese life giant plans to buy as much as US$3bn of overseas properties.
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- May 26 2015
ACE establishes new team to focuses on Hong Kong SMEs
Multiline insurer also appoints Joseph Lee as senior business development manager for the Commercial Lines team in HK.
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- May 26 2015
Japan’s earthquake insurance premiums set to rise
Premium increase to be implemented in stages by 20% to 30% on average.
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- May 26 2015
Hong Kong tops table of health insurance premiums among expats
High cost of living, rising healthcare costs, and high volume of plans purchased attributed, according to a report.
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- May 25 2015
Swiss Re completes acquisition of RSA’s China business
World's second biggest reinsurer pays GBP71m (US$111m) to acquire Sun Alliance Insurance.
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- May 25 2015
South Korea’s Mirae Asset Life eyes US$460m in IPO
Mirae will sell 5.4 million existing shares and issue 40 million new shares for the IPO.
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- May 20 2015
Japan’s Nippon Life to acquire operator of insurance agencies
Acquisition is part of Nippon Life's aim to acquire independent agencies.
