Country: East Asia Page 223 / 224
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- April 19 2015
Korea moves to prevent state trade insurance fraud
The move is aimed at preventing companies from securing trade insurance using false trade reports.
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- April 19 2015
Korea’s Mirae Asset Life Insurance to launch IPO
Life Insurer looking to raise up to KRW500bn (US$459m) according to reports.
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- April 19 2015
Macau insurers set for growth, says report
Significant growth opportunities in the Special Administrative Region seen due to the low insurance penetration.
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- April 16 2015
Zhong An Insurance passes $10bn valuation
Zhong An has underwritten over 630 million insurance policies and serviced 150 million clients in its first year of operation.
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- April 16 2015
BPL reshuffles Asia-Pacific leadership
Peter Gilbert's move to Singapore aimed at helping service BPL's base of banks and corporates, and develop new markets and clients.
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- April 16 2015
China warns of strange stock price insurance product
The online insurance product claims to provide protection against stock price volatility.
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- April 14 2015
Fitch affirms IFS A- rating of China’s Huaxia Life
The Beijing based insurer has become the largest player in the UL segment in terms of new premiums, says Fitch.
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- April 14 2015
Taiwan government to takeover underperforming insurers
Insurers with a risk-based capital ratio of less than 50% may be acquired.
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- April 9 2015
Fubon considering cross-strait cooperation with Ping An
Policyholders would be able to settle a claim at more than 700 China Ping An service counters should they have an accident in China.
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- April 9 2015
China Life and Ping An make their first US real estate investment
The project includes a 13-story office building and a 100-unit, nine-story condominium tower.
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- April 9 2015
US eases collateral requirements for Japanese reinsurers
Reinsurers licensed and domiciled in Japan can now operate in the US with reduced levels of collateral.
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- April 7 2015
Taiwanese insurers face higher risks as forex holdings rise
Local insurance firms have minimal margins to absorb unfavorable foreign fluctuations.
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- April 3 2015
Japan starts cover for tankers carrying Iranian oil
The threat of continued sanctions has prompted the Japanese government to provide insurance cover for local shipping companies bringing oil from Iran.
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- April 2 2015
AIG unloads $500m stake in China’s PICC
America's biggest commercial insurer cuts its stake in PICC Property & Casualty to 8.2% as it seeks to raise funds.
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- March 26 2015
China’s insurance industry solvency remains stable
China's insurance regulator says industry solvency is stable despite the impact of the second-generation solvency regime.
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- March 25 2015
Chinese insurers trial heavy equipment insurance
Seven Chinese insurers have joined a pilot scheme to co-insure heavy equipment or high-technology.
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- March 19 2015
Chinese insurers invest $4.79b in nursing homes
Encouraged by central government, eight insurers are building nursing homes across China.
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- March 19 2015
South Korea’s insurance firms lead rise in debt holdings in 2014
Increase in debt holdings was attributed to the record fall of local yields.
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- March 17 2015
HK doctors claim new health insurance scheme financially unsustainable
The scheme aims to encourage Hong Kong residents to buy health insurance and switch to private doctors.
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- March 16 2015
Japan’s Nippon Life could raise stake in Reliance Life after India’s new insurance bill
Japanese life insurance giant had shown interest in raising its stake from 26% to 49% before the bill was passed.
