News Page 858 / 1122
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- May 25 2018
Singapore’s finance and insurance sector accelerates
The city-state’s life insurance industry recorded a 14% rise in weighted new business premiums in the first quarter.
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- May 25 2018
GE eyes selling off its insurance business
The GE Capital unit has incurred huge liabilities, shareholder lawsuits and a probe by US regulators.
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- May 25 2018
Philippines insurance sector logs 34% premium growth
Total premiums collected in the January-March period increased 34.4% to P76.64bn (US$1.46bn).
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- May 24 2018
China’s online property insurance premiums rebound
Consumers are favouring apps and third-party platforms ahead of through insurers' websites.
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- May 24 2018
Indonesia affirms 80% ownership cap on foreign insurers
Overseas insurers that control more than the cap will be allowed to continue to operate.
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- May 24 2018
Australia’s CBA sells BoComm stake to Mitsui Sumitomo
The sale will fulfil a condition of the sale of its life insurance businesses in Australia and New Zealand to AIA.
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- May 24 2018
Korean life insurers see net profits fall
Dwindling sales of savings-type products and weaker investment returns are reducing income.
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- May 23 2018
Anbang selling majority stake in Century Securities
The Chinese government-controlled insurer is looking to raise at least US$565m from the sale.
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- May 23 2018
Warburg Pincus to buy 26% stake in IndiaFirst Life
The private equity firm is lining up to buy Legal and General's stake for approximately US$150m.
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- May 23 2018
Big Tech plans insurance disruption
Almost 30% of customers around the world would be willing to buy insurance from Google and other tech firms.
