News Page 975 / 1070
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- March 21 2016
Dubious travel insurance claims on the rise in Singapore
The General Insurance Association of Singapore is partnering with specialists to target cheats.
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- March 18 2016
Singapore posts 2.6% general insurance growth
However, increased competition and an economic slowdown in the city-state dragged margins down.
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- March 18 2016
Taiwan further loosens offshore investment restrictions
Domestic insurers will be allowed to allocate up to 40% of their assets to offshore investments.
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- March 18 2016
Japan Post to strengthen sales of insurance products
The group's new president faces a profit challenge from the drop in mail volume and negative interest rate policy.
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- March 18 2016
Chinese customers spent US$4.2bn in HK in 2015
The amount represents roughly a quarter of the total premium income from new life policies in the city.
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- March 17 2016
Ping An’s profit jumps 38% in 2015
The Chinese insurer made a net profit of US$8.3 billion in 2015, its highest earnings result since 2003.
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- March 17 2016
US approves Anbang’s acquisition of Fidelity & Guaranty
The US$1.57bn deal will make Anbang one of the biggest insurers by market share in fixed-indexed annuity products.
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- March 17 2016
Four global reinsurers receive initial approval in India
Munich Re, Hannover Re, Swiss Re and French major SCOR still require final approvals from the Indian regulator.
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- March 16 2016
Life coverage in Malaysia insufficient, says industry group
Penetration may be high, but majority of the covered population is under-insured according to LIAM.
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- March 16 2016
Anbang leads US$13bn group bidding for Starwood Hotels
The Chinese insurer continues overseas buying spree, but Starwood says it is committed to deal with Marriott.
