News Page 987 / 1119
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- August 29 2016
Taiwanese insurer ordered to pay premiums
Taiwan’s Nan Shan Life risks paying penalties if it does not contribute to its agents’ health insurance coverage.
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- August 29 2016
Japan’s quake insurance contracts top 60%
There has been a surge in coverage since the March 2011 earthquake and tsunami that struck the Tohoku region.
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- August 26 2016
China cracks down on short-term policies
CIRC is identifying measures to suppress policies that compete with wealth management products.
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- August 26 2016
Malaysia’s general insurance industry grows 3%
The industry generated premium income of US$2.3b for the first six months this year, said PIAM.
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- August 26 2016
Korean insurers’ RBC ratio continues to rise
Under local regulations, insurance companies are required to maintain risk-based capital ratios above 100%.
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- August 25 2016
Anbang’s Hong Kong insurance unit to go public
The Chinese insurer has reportedly invited investment banks to pitch for roles on the IPO of its life insurance business.
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- August 25 2016
Asian regulatory changes to boost reinsurance appetite
Regulatory measures put in place in the Asian markets could usher in a greater demand for reinsurance, according to Fitch.
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- August 25 2016
China’s reinsurance market to reach US$198bn by 2020
As the market grows, reinsurance premiums are expected to increase at a rate of 10% to 15% over the next few years.
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- August 24 2016
Dai-ichi’s subsidiary to acquire US Warranty Corp
The US$127m acquisition of the asset protection specialist is expected to conclude as early as this year.
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- August 24 2016
Malaysia’s Islamic insurers eye European markets
The continent's swelling Muslim population presents a long-term opportunity.
