News Page 963 / 1223
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- May 7 2018
Three Singapore insurers fined for data breach
Aviva, NTUC Income Insurance Cooperative and AIG were fined for alleged inadvertent disclosures.
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- May 7 2018
ICBC-Axa Life to set up asset management arm
The move comes after Xi Jinping’s call to further open China’s insurance sector at the Boao Forum last month.
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- May 7 2018
Asean discussing catastrophe risk pool
The facility will initially focus on Cambodia, Laos and Myanmar, but could expand to other countries.
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- May 4 2018
Korea sets up committee for insurance, banking licences
The FSC is also considering lowering capital requirements for financial businesses.
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- May 4 2018
Non-life market in China faces tough conditions
The outlook is negative, but market conditions are expected to get better in the near term.
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- May 4 2018
Chinese solvency ratios improving amid crackdown
The recent campaign to strengthen regulations in China is beginning to show benefits, says Moody's.
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- May 3 2018
India names new regulatory head
Subhash Chandra Khuntia will be the new chairman for the Insurance Regulatory and Development Authority of India.
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- May 3 2018
Korean insurers overseas losses decrease
Overseas branches reported a combined net loss of US$23.2m in 2017, compared with $70.3m in 2016.
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- May 3 2018
MetLife’s chief financial officer steps down
John Hele is expected to stay with the insurer until September as a senior adviser.
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- May 3 2018
Pru Life signs Philippines bancassurance deal
Regulators have given the green light for the proposed bancassurance tie-up with Robinsons Bank.
