Industry Segments: Legal/Regulatory Page 49 / 90
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- February 14 2018
Chinese regulator puts cap on insurers’ overseas financing
The China Insurance Regulatory Commission has limited foreign borrowing to 20% of an insurer's net assets.
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- February 13 2018
India market to reach US$280bn by 2020
Vice-president Venkaiah Naidu cited the country's rosy economic prospects as a driver for the insurance industry.
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- February 12 2018
China, India priority markets for UK insurers after Brexit
The Association of British Insurers has said the two nations will be key targets after departure from the EU in 2019.
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- February 9 2018
Korean insurers post higher profits in 2017
The improvement is driven by hefty gains on investment coupled with a rise in interest rates.
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- February 8 2018
Genworth, China Oceanwide refile acquisition plan
The company is seeking financing as it aims to address maturing debt of about US$600 million.
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- February 5 2018
Allianz to acquire Sri Lanka’s Janashakthi Insurance
The German insurer will have a market share of approximately 20% after the US$107m acquisition.
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- February 5 2018
India unveils three-way merger of state-owned insurers
National Insurance, United India Insurance and Oriental Insurance are set to merge to form a single entity.
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- February 2 2018
Indian life companies push for separate limit on tax exemption
The sector is looking at introducing various supportive measures in the upcoming state budget.
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- February 2 2018
Philippine life sector to log double-digit growth
The expansion is being driven by the country’s strong demographics and the impact of tax reforms.
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- January 31 2018
Korea to increase number of online insurers
The regulator's aim is to lower barriers to entry and ramp up competition in the country's financial sector.
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- January 30 2018
Philippines to review capital rules for insurers
The capitalisation requirement for local insurance companies is being reviewed in light of a study of Asean rules.
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- January 29 2018
SoftBank eyes backing Indian insurance startup
PolicyBazaar, an online insurance aggregator, was valued at US$500m during its last funding round.
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- January 26 2018
Indian regulator to issue new broker rules
The Insurance Regulatory and Development Authority of India is expected to issue the new regulations soon.
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- January 25 2018
Vietnamese non-life insurers post 11% increase in revenue
Non-life insurers in the country booked roughly US$1.78bn, according to the latest data from the finance ministry.
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- January 24 2018
Chinese insurers post 29.7% profit growth in 2017
Despite increasingly tough regulation, Chinese insurers continue to deliver double-digit profit growth.
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- January 24 2018
Prudential sells Vietnam consumer finance unit to Shinhan
A subsidiary of the Korean financial group has agreed to pay US$151m for Prudential Vietnam Finance.
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- January 23 2018
China urges insurance for belt-and-road initiative
Companies undertaking projects under the initiative are being told to take advantage of insurance to minimise risks.
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- January 19 2018
Honan Insurance gets MAS nod to acquire NGA Benefits
The Australian-owned insurance broking company said the acquisition is part of its continuing investment in South-East Asia.
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- January 19 2018
Chinese crackdown on insurers intensifies
The China Insurance Regulatory Commission is aiming to stiffen regulation of insurers' shareholders.
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- January 17 2018
Ping An premium income surges 33.4% in 2017
Individual business growth fuelled the rise in the accumulated gross premium income of the life insurance business.
