News Page 879 / 1137
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- April 30 2018
China Life’s net profit more than doubles
The improvement was due to updated discount rate assumption of reserves for traditional insurance contracts.
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- April 30 2018
Japan to partner with SEA nations on disaster insurance
The South-East Asia Disaster Risk Insurance Facility will make recovery funds immediately available.
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- April 27 2018
Catastrophe losses will hit US$160bn a year in Asia by 2030
Losses arising from natural disasters in the region are increasing, but only 8% are covered by insurance.
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- April 27 2018
Asia powers growth in global insurance markets – Allianz
China set to become world’s largest insurance market – with premiums growing ~13% in coming years
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- April 27 2018
Taikang invests in Chinese biologics startup
The Chinese insurer has taken part in a US$150 million funding round for Innovent Biologics.
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- April 26 2018
India starts merger process of three state insurers
The proposed merger has been set in motion, though the government has yet to lay out a roadmap.
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- April 26 2018
One-third of global insurers aim to increase PE investments
Insurers are increasing private equity investment because past investments in the sector are now yielding profits.
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- April 26 2018
Majority of Japanese health insurance societies loss-making
Of the 1,389 health insurance societies, more than 60% are expected to end the fiscal year in the red.
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- April 25 2018
China’s business insurance to boost sharing economy
More than 80% of consumers would be more comfortable using sharing-economy services if insurance were offered.
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- April 25 2018
Ex-AIA exec joins HSBC Insurance
Alistair Chamberlain, former chief financial officer of AIA, has joined as global head of product and actuarial.
