Industry Segments: Legal/Regulatory Page 56 / 90
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- August 18 2017
Cigna raises stake in India JV
An application with the regulator will increase its stake in the joint venture with TTK to 49% from 26%.
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- August 18 2017
Foreign insurers in Malaysia pressured to trim shareholdings
Four companies have until the end of this month to reduce their holdings and divest to local partners in line with new regulations.
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- August 17 2017
Harness captives responsibly, says Bank Negara governor
Muhammad Ibrahim said captives must be seen as supporting and contributing to broader economic transformation and growth.
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- August 16 2017
Korean insurers post 28.3% profit rise
Results for the first half of this year reflect robust dividend income growth and a drop in the loss ratio, said the FSS.
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- August 15 2017
Philippines tests parametric scheme for disaster-prone provinces
The government has allocated US$20m to a pilot project that will offer quick-disbursing payouts based on a catastrophe model.
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- August 14 2017
Premiums of India’s non-life insurers up 9%
The total surged to Rs97.91 billion (US$1.52 billion) in July, according to data from the insurance regulator released recently.
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- August 14 2017
Samsung Life posts 26% profit growth
The insurer added that its value of new business was W598.3 billion, up 6.5% over the same period.
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- August 9 2017
Irdai cautions startups backed by PE firms
The regulator has warned that private equity firms need to show proof that they will provide long-term support.
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- August 8 2017
Indian regulator surveys insurers on telematics
Irdai is seeking a better understanding of how product design and pricing should work for mass adoption of telematics.
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- August 8 2017
Asian insurance M&A slumps by 40%
The decline is largely due to more stringent capital controls implemented in China, according to a study by Clyde & Co.
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- August 4 2017
New products needed to close protection gap, says MAS
New ideas are required to reduce the financial impact of natural disasters in Asia, says Singapore regulator.
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- August 4 2017
China insurers’ profits up 10% in H1
Industry players raked in Rmb116.1bn during the first six months of the year.
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- August 4 2017
Bright future for Malaysia’s general takaful sector
The industry is forecast to take up a 20% market share in the country's insurance sector by 2020.
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- August 3 2017
AmCham Myanmar seeks continued insurance reforms
The American Chamber of Commerce in Myanmar has urged regulators to allow market access to foreign insurers.
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- August 3 2017
JLT joins HKMA’s infrastructure financing facilitation office
The partnership will aim to capitalise on China's Belt and Road initiative to promote connectivity and long-term development.
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- August 2 2017
Hong Kong official wants insurers to share information
The call is aimed at addressing the challenge posed by the increasing number of fraud cases in the industry.
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- August 2 2017
China tells Anbang to sell overseas assets
The company has been urged to channel its overseas investments back to China and dispose of its offshore assets.
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- August 2 2017
HDFC Standard, Max Life call off proposed merger
Failing to secure regulatory approval in India, the two companies have cancelled their merger plans.
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- August 1 2017
Sahara Life to take regulator’s order to court
The Indian group is resisting the regulator's order to transfer its life business to ICICI Prudential.
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- July 31 2017
Indian insurers post 35% premium growth
Impressive results were driven by the strong performance of health, motor and fire insurance.
