Industry Segments: Legal/Regulatory Page 55 / 84
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- May 12 2017
China gets tough
And this time it’s serious. After the ouster of its chairman, CIRC has reaffirmed a stricter approach.
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- May 10 2017
Philippines raises investment limit for pre-need firms
According to the insurance commissioner, the investment threshold has been increased by 2% under the Pre-Need Code.
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- May 10 2017
CIRC tackles industry loopholes
China's insurance regulator wants to step up supervision of ownership structures and funding sources.
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- May 8 2017
Korea approves Mirae’s acquisition of PCA Life
After the acquisition Mirae will become the country’s fifth-largest life insurer based on asset size.
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- May 8 2017
Chinese insurers urged to contribute to real economy
The measures are aimed at creating a sound policy environment for the insurance industry to serve the real economy.
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- May 5 2017
Premiums in China up by a third
However, the pace of growth was lower than the 42% recorded for the same period in 2016.
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- May 5 2017
Two new life insurers enter Cambodia
Bangkok Life Assurance launched operations this week, while AIA is set to debut today.
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- May 4 2017
Insurers protected from local governments in the Philippines
Licensed insurance companies should not be hindered from doing business by local governments, says official.
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- May 2 2017
AIG completes sale of Fuji Life to FWD
The Japanese insurer will become a wholly owned subsidiary of FWD and will continue to operate under its current name.
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- May 2 2017
China insurers told to serve belt-and-road projects
In a guideline issued by CIRC, the industry is called on to expand its presence in the new Silk Road regions.
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- May 2 2017
Labuan records US$1.4bn rise in premiums
Last year also saw the highest underwriting margin since 2012 due to the higher premiums and lower claims.
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- April 27 2017
Allianz and HSBC fail to reach Malaysia deal
The German insurer's bid to buy HSBC Amanah Takaful has ended after the camps failed to find agreement.
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- April 27 2017
Philippines urged to follow UK reinsurance probe
A senior insurance executive has asked the regulator to take a closer look at foreign reinsurance brokers.
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- April 26 2017
Korean life insurers face IFRS 17 challenge
However, its implementation will promote structural improvement and value creation over time.
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- April 24 2017
Aviva acquires entire shareholding in Vietnam JV
The former joint venture with VietinBank is now a wholly owned subsidiary of the British insurer.
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- April 24 2017
China insurers told to enforce stricter controls
The insurance watchdog has again ordered better supervision of operations and investments.
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- April 21 2017
India’s life market grows 26%
LIC remained the top performer, generating total new premium of Rs1.243tn for the period.
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- April 21 2017
Uber Hong Kong closes insurance gap
An official from the ride-hailing firm says it has secured protection for its drivers in the city.
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- April 19 2017
HK suppresses data on mainlanders’ insurance purchases
Hong Kong’s insurance regulator has stopped releasing the figures “to avoid the public misinterpreting the statistics”.
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- April 19 2017
China’s top insurance regulator sacked
Xiang Junbo has been removed from his position over suspicions of committing disciplinary violations.
