Industry Segments: Legal/Regulatory Page 1 / 48
-
- September 18
Asian insurers’ new business value up in 2017
The embedded value of 31 major insurers grew 19.2% in 2017, a recent survey from Milliman shows.
-
- September 3
Prudential Guarantee and Marsh drop complaints in the Philippines
The two parties have resolved their dispute, claiming that it stemmed from an “innocent misunderstanding”.
-
- August 31
Hong Kong’s insurance handout
The government will offer tax incentives for the industry as it bids to establish the city as a regional hub.
-
- August 31
US, India insurance regulators ink cooperation deal
Officials in the two countries have agreed to work together on standards, training and regulation.
-
- August 30
Hong Kong eyes tax incentives for specific insurance products
The move is part of the city's efforts to become an international hub for risk management.
-
- August 24
Malaysia eases pressure on foreign insurers
The country’s new central bank governor has said she will adopt a more flexible approach to divestment.
-
- August 21
Malaysia loosens divestment rule for foreign insurers
The central bank has said the deadline for compliance will be decided on a bilateral basis.
-
- August 20
Korea’s financial regulator takes action against Samsung Life
The move follows a refusal to accept minimum returns guarantees for immediate payment annuities.
-
- August 9
China resumes inquiry into insurance officials
Close to 40 regulatory personnel have been under investigation since mid-July.
-
- August 6
Fubon Life fined for inadequate documentation
Poor record keeping of company business practices has resulted in fines of US$411,000 by the FSC.
-
- August 1
China gives preferential treatment to HK reinsurers
Qualified reinsurers in the city will benefit from a lower credit risk charge under C-ROSS.
-
- July 31
China Life fined US$103K for disclosure issues
China's central bank found the company guilty of disclosure-related issues.
-
- July 30
Cheung to replace Leung at Hong Kong’s Insurance Authority
John Leung to end CEO role in the middle of August.
-
- July 30
Indonesia postpones coal, crude oil export rule
The trade ministry has deferred a new rule that requires export shipments to use Indonesian insurance.
-
- July 26
Asia’s insurance market remains rules-based
Regulators are increasingly looking at customer protection and meeting policyholders' reasonable expectations.
-
- July 20
Indian merger in question
The timetable for the landmark merger of three state-owned Indian non-life insurers is in doubt.
-
- July 18
Chinese insurers covered US$467tr in Jan-May period
However, CBIRC data showed that the sector's premium income fell 5.86% year on year.
-
- July 13
Bull in a China shop
Insurance and other financial services are among the industries that Donald Trump’s bullying trade war could force China to open.
-
- July 12
Foreign reinsurers waiting on changes to India’s rules
State-owned GIC Re continues to enjoy right of first refusal for domestic reinsurance business.
-
- July 11
China changes rules on director appointments
Under the changes, major shareholders of an insurance firm can no longer nominate independent directors.
