News Page 916 / 1031
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- June 13 2016
Japanese industry halts sales of savings-type plans
Negative interest rates have forced leading Japanese nonlife insurers to stop selling savings-type policies, according to reports.
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- June 13 2016
Claims from global disasters in May hit US$7bn
Five separate instances of flooding in China contributed economic losses of more than US$1.5bn.
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- June 10 2016
Philippines insurers push for VAT removal
The Philippine Insurance Commission has urged the government to reconsider value-added tax proposal.
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- June 10 2016
Thailand’s life sector growth to slow until 2026
High penetration rate and increasing competition will result in slower market growth, says Allianz.
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- June 10 2016
StanChart seeks bancassurance partners in Asia
The UK bank is looking for partners that could pay at least US$400m for access to the bank's network in the region.
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- June 10 2016
Korea Development Bank life unit up for sale again
After two failed attempts to sell a majority stake in KDB Life Insurance in 2014, state-run KDB is trying again.
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- June 9 2016
AXA to expand farm insurance programme in Indonesia
AXA may offer crop insurance more widely after the success of its pilot project in Malang, East Java.
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- June 9 2016
Baidu sets up new online car insurance firm
The Chinese insurer is venturing into the business through a partnership with China Pacific Property & Casualty.
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- June 9 2016
Firms settle nearly 90% of earthquake claims in Nepal
Nepal's insurance regulator says that claims worth US$107m have been settled out of an estimated US$156m of total claims.
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- June 8 2016
Shanghai to accelerate insurance sector development
Modernisation and internationalisation aimed at becoming an international insurance centre in the next five years.
