News Page 856 / 1042
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- May 19 2017
Korea urges firms to calculate contract liabilities from 2021
The Financial Services Commission said the new rule would encourage insurers to better cope with the IFRS 17.
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- May 19 2017
Foresea Life keeps afloat amid Beijing crackdown
Company states normal operations and stable cash flow.
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- May 18 2017
Asian captive market offers room for growth
Asian corporations are starting to appreciate the concept of having captives as an alternative risk-management tools.
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- May 18 2017
China cracks down on universal life policies
The move is expected to hurt many Chinese insurers that have relied on the practice to fund investments.
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- May 18 2017
Ransomware attack spurs rise in cyber demand
Companies and governments are now looking for cyber cover after last week’s WannaCry ransomware attack.
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- May 17 2017
Dai-ichi Life posts sixth straight record profit year
Japan’s third-largest life insurer by revenue posted a net profit increase of 29.6% in the latest fiscal year.
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- May 17 2017
New CEO dismisses calls to split AIG
Having taken up his new role as chief executive, Brian Duperreault has said that growth is his main goal.
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- May 17 2017
Insurance M&A scaled back in 2016
There were signs of retreat across all sectors last year, a new study by investment manager Conning suggests.
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- May 17 2017
China to inspect insurance branches for violations
CIRC is targeting the outlets of companies that have ranked poorly in terms of customer complaints.
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- May 16 2017
Insurance cooperation eyed along Belt and Road route
At least 20 countries along the route have entered into agreements with China Re, which is taking a lead.
